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this post was submitted on 31 May 2024
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The greed is constant, but the opportunities to excuse price increases are not. Egg prices jumped up about 6x because they had the excuse of bird flu, but the prices magically went down (but stayed elevated) after the government threatened an investigation. As ineffectual as our government has been made, increasing prices out of nowhere with no plausible excuses will invite an investigation.
So my point is instead of blaming greedy corporations, we just discussed possible causes and solutions. Isn't this a more constructive conversation?
You admit that corporations are always greedy, so how is out of the realm of possibility that an excuse like supply chain issues (which have since been resolved) would provide the perfect opportunity for these greedy corporations to jack up prices far beyond those underlying causes and get away with it?
The margin hasn't changed much
So that means the corporations got the same % on their sales
What you thought would happen: thing X cost the corp $10 and they sold it for $15. When it costs $20 they sell it for $25
What actually happened: it cost $20 and they sold it for $30
That's because investors hate it when the margin goes down
What's the source of this graph?
Noah Smith
https://twitter.com/Noahpinion/status/1790237061179650498
A twitter post isn't a good source. Where are they getting their data from? What are "weights" in this case?
So my point is instead of blaming greedy corporations, we just discussed possible causes and solutions. Isn't this a more constructive conversation?