84
Woolworths, Coles sued by ACCC for ‘misleading’ price drop claims
(www.smh.com.au)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Sep 2024
84 points (100.0% liked)
Australia
3623 readers
84 users here now
A place to discuss Australia and important Australian issues.
Before you post:
If you're posting anything related to:
- The Environment, post it to Aussie Environment
- Politics, post it to Australian Politics
- World News/Events, post it to World News
- A question to Australians (from outside) post it to Ask an Australian
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
Rules
This community is run under the rules of aussie.zone. In addition to those rules:
- When posting news articles use the source headline and place your commentary in a separate comment
Banner Photo
Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australian News
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
- Aussie Memes
Plus other communities for sport and major cities.
https://aussie.zone/communities
Moderation
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone
founded 1 year ago
MODERATORS
They are trying to blame “inflation”, but at the same time they are reporting record profits.
The dumb thing is that inflation is measured by the increase in colesworth prices.
Greedy capitalists are conflating themselves while lying? Nooo! //S
Isn't that the same thing though? If inflation is at record high, their equivalent profits in dollars will be up because money is now worth less
Profits have increased as a percentage of revenue (i.e. profit margins have increased).
https://www.abc.net.au/news/2023-02-23/supermarket-profits-surge-as-inflation-spikes-coles-woolworths/102004616
Profit goes brrrrrr
Let's start a non profit supermarket chain
A cooperative is one way to start on that: https://www.abc.net.au/news/2024-07-10/supermarket-alternative-co-ops-save-money/104078660
Their definition sounds like too much work, would be better to pay someone to do the work
I get the joke, but actually...yes. A co-op doesn't mean the people actually doing the work don't get paid. It actually doesn't even mean not-for-profit, just that the people profiting aren't shareholders, but people who actually have a direct stake in the business. That can be a customer-owned co-op, supplier-owned, worker-owned, or some combination of those. Those groups would be the ones making any profit, in a for-profit co-op. And in a not-for-profit worker- or supplier-owned co-op, the workers (including the CEO) and suppliers still get paid—they're just able to be paid more while selling goods for the same price, or paid the same while achieving a lower price, than a non-co-op business would.