Debt servicing increasing sharply. Ruh Roh...

[Flash]

Actually it agreed with me, and also confirmed that they DO indeed manipulate prices for profit all the time.

The article said they are padding prices somewhat, but it is in higher prices that are passed on to the consumer due to higher costs.

NPR:

VANEK SMITH: Economist Justin Wolfers of the University of Michigan says even if companies are padding prices a little right now, it is not the source of inflation.

WOLFERS: Blaming inflation on greed is like blaming a plane crash on gravity. Corporations have always tried to raise prices whenever they could.

VANEK SMITH: The reason they usually don't, says Wolfers, is that they're competing for our business.

WOLFERS: Still greed, but that greed forces them to offer low prices 'cause they're trying to outmuscle their competitor.

 

[Althea]

The article said they are padding prices somewhat, but it is in higher prices that are passed on to the consumer due to higher costs.

NPR:

VANEK SMITH: Economist Justin Wolfers of the University of Michigan says even if companies are padding prices a little right now, it is not the source of inflation.

WOLFERS: Blaming inflation on greed is like blaming a plane crash on gravity. Corporations have always tried to raise prices whenever they could.

VANEK SMITH: The reason they usually don't, says Wolfers, is that they're competing for our business.

WOLFERS: Still greed, but that greed forces them to offer low prices 'cause they're trying to outmuscle their competitor.

Yes. I read it. They are using supply chain issues as an excuse, coupled with any other excuse they can get away with. So they've always been greedy, until they have to cut prices in order to compete.

Right now, they're all enjoying record profits because they can blame everything but greed. As I've already stated...trump's trade wars increased the price of raw materials just before the pandemic. Covid exascerbated the issue, but tankers were floating off shore in order to multiply the problems with goods reaching our shores.

That's not on corporations per se, save for those in the shipping industry who jacked up prices on every aspect of shipping.


Prices don't have to be as high as they are, but corporations are paying higher CEO bonuses, along with increased dividends. I'm thrilled to collect my dividends, so I understand. That doesn't mean that this inflation is due solely to overbuying goods that are in short supply. That was the case a year or so ago. Companies are just riding this wave until they cannot anymore.


WOLFERS: What's happening in the interim is there's a bit of money that we might hope should go to workers, but it's staying in the boss's pocket instead.

VANEK SMITH: Is it just, like, this little moment before things kind of catch up?

WOLFERS: Yeah, absolutely.

VANEK SMITH: Wolfers expects companies will drag that moment out as long as they can. As far as rising prices, that will keep happening as long as we keep paying them. Until our buying slows down, which it hasn't, companies will push prices up as much as they can.

 

[Flash]

Yes. I read it. They are using supply chain issues as an excuse, coupled with any other excuse they can get away with. So they've always been greedy, until they have to cut prices in order to compete.

Right now, they're all enjoying record profits because they can blame everything but greed. As I've already stated...trump's trade wars increased the price of raw materials just before the pandemic. Covid exascerbated the issue, but tankers were floating off shore in order to multiply the problems with goods reaching our shores.

That's not on corporations per se, save for those in the shipping industry who jacked up prices on every aspect of shipping.


Prices don't have to be as high as they are, but corporations are paying higher CEO bonuses, along with increased dividends. I'm thrilled to collect my dividends, so I understand. That doesn't mean that this inflation is due solely to overbuying goods that are in short supply. That was the case a year or so ago. Companies are just riding this wave until they cannot anymore.


WOLFERS: What's happening in the interim is there's a bit of money that we might hope should go to workers, but it's staying in the boss's pocket instead.

VANEK SMITH: Is it just, like, this little moment before things kind of catch up?

WOLFERS: Yeah, absolutely.

VANEK SMITH: Wolfers expects companies will drag that moment out as long as they can. As far as rising prices, that will keep happening as long as we keep paying them. Until our buying slows down, which it hasn't, companies will push prices up as much as they can.

The solution is to quit buying products from greedy companies. Consumers can control corporations by putting them out of business--Pier One, Borders, Toys-R-Us, Compaq, Blockbuster, Lord & Taylor, Sears(?). As long as the consumer controls their very existence, corporations do not control anything.

 

[Althea]

The solution is to quit buying products from greedy companies. Consumers can control corporations by putting them out of business--Pier One, Borders, Toys-R-Us, Compaq, Blockbuster, Lord & Taylor, Sears(?). As long as the consumer controls their very existence, corporations do not control anything.

True, but that's a lot harder than one would think. Just research how many companies the remaining Koch brother owns. Unfortunately, necessities are necessities.

It's not so simple to boycott the companies that provide essentials

 

[Flash]

True, but that's a lot harder than one would think. Just research how many companies the remaining Koch brother owns. Unfortunately, necessities are necessities.

It's not so simple to boycott the companies that provide essentials

That is true although many essentials are not provided by a single company.

I thought liberals had finally stopped obsessing over the Koch brothers? I hear a lot less from the right about George Soros these days. They both seem to be representative of evil for the two sides.

Each side seems to think the other has inordinate power to control and influence government in their interests. I don't understand how they could both be in control.

 

[Concart]

that debt was at the low rates we enjoyed b4 Biden fucked up.

but obama's 10t will be rolling over now at 3x what it was.

So borrowing during the Trump Administration won't roll over, but Obama's will.

ROTFLMFAO!!!! You are the dumbest fucking partisan hack here.

 

[Althea]

That is true although many essentials are not provided by a single company.

I thought liberals had finally stopped obsessing over the Koch brothers? I hear a lot less from the right about George Soros these days. They both seem to be representative of evil for the two sides.

Each side seems to think the other has inordinate power to control and influence government in their interests. I don't understand how they could both be in control.

Each side sells legislation for cash/votes, but they are for very different issues.

Now that one Koch is dead, you don't hear a lot about them. But if you look at how many products are made by Koch industries, it is virtually impossible to avoid them.