Some of what's going on is actually straight price gouging though. Like the big factory farm meat producer that cried about inflation causing their price increases only to post record profits. The inflation also occurring is the perfect cover.
Record profits or record revenue? I'm honestly asking as the news seems to use them interchangeably, much the same way pledge and donate are apparently interchangeable
I don't know honestly, I didn't try to go back and look into it. I was just using it as a general example anyway to illustrate my point that the past couple years have been intensely profitable for many corps and billionaires regardless of inflation, or perhaps along with it.
If they change the price, and people still buy, it is not "gouging".
If however we're a retarded society which has granted monopoly through the state to privileged businesses, which is the only way to "gouge", then we fucking deserve it and we did it to ourselves.
Ha, define "we". I would also suggest that a coordinated oligopoly (ie, a cartel) can do more damage than a monopoly since it's especially difficult to hold its members accountable.
In this case I was defining we as the last several generations of Americans. Ever since the first wave of progressives and tHe GrEaT wAr it's what we've done.
Don’t parrot leftist bullshit. “Muh price gouging” is a tautological argument. People raising prices doesn’t cause inflation. People raising prices is inflation. That’s the only way for prices to “go up”. Prices are not sentient. They cannot raise themselves.
Leftists have popularized the “price gouging” theory for three reasons:
to shift blame away from the catastrophic policy of printing trillions of dollars and giving it away to special interests
to shift blame away from the government regulation that created the monopolies that have enabled the “price gouging”
to promote government intervention aka price controls aka a centrally planned economy aka communism
People have always profited during inflation. That’s why sales are up almost everywhere despite widespread reductions in units sold. “Profits” are increasing while the actual physical size of the economy is shrinking. Leftists have even tried to use this misleading fact to prove that we aren’t facing a massive recession (because it was caused by their policy); “if we’re in such a bad spot, then why is Amazon posting record profits, capitalist swine!”
Does price gouging exist? Arguably, but distinguishing it from people simply raising prices is impossible. Personal bias usually determines whether or not a person raising prices is “gouging”. In reality, sellers charge what the market can bear.
The people who truly “control” raising prices are the ones who manipulate market conditions such that sellers are empowered to raise their prices. Example: the government regulating the hell out of oil while pumping trillions of new fake dollars into the economy will create market conditions that permit oil sellers to drastically increase their prices.
Smart leftists pretend not to understand this. They can’t be seen admitting that their policies lead directly to hyperinflation and collapse. Because collapse is the goal. Only when the system has been deliberately crushed and the people made desperate will they finally turn to the state. And the state’s solution is always the same: total state control.
Some of what's going on is actually straight price gouging though. Like the big factory farm meat producer that cried about inflation causing their price increases only to post record profits. The inflation also occurring is the perfect cover.
Record profits or record revenue? I'm honestly asking as the news seems to use them interchangeably, much the same way pledge and donate are apparently interchangeable
Record profits would also be recorded with no change in real costs or prices because of record inflation.
I don't know honestly, I didn't try to go back and look into it. I was just using it as a general example anyway to illustrate my point that the past couple years have been intensely profitable for many corps and billionaires regardless of inflation, or perhaps along with it.
If they change the price, and people still buy, it is not "gouging".
If however we're a retarded society which has granted monopoly through the state to privileged businesses, which is the only way to "gouge", then we fucking deserve it and we did it to ourselves.
Ha, define "we". I would also suggest that a coordinated oligopoly (ie, a cartel) can do more damage than a monopoly since it's especially difficult to hold its members accountable.
In this case I was defining we as the last several generations of Americans. Ever since the first wave of progressives and tHe GrEaT wAr it's what we've done.
Don’t parrot leftist bullshit. “Muh price gouging” is a tautological argument. People raising prices doesn’t cause inflation. People raising prices is inflation. That’s the only way for prices to “go up”. Prices are not sentient. They cannot raise themselves.
Leftists have popularized the “price gouging” theory for three reasons:
to shift blame away from the catastrophic policy of printing trillions of dollars and giving it away to special interests
to shift blame away from the government regulation that created the monopolies that have enabled the “price gouging”
to promote government intervention aka price controls aka a centrally planned economy aka communism
People have always profited during inflation. That’s why sales are up almost everywhere despite widespread reductions in units sold. “Profits” are increasing while the actual physical size of the economy is shrinking. Leftists have even tried to use this misleading fact to prove that we aren’t facing a massive recession (because it was caused by their policy); “if we’re in such a bad spot, then why is Amazon posting record profits, capitalist swine!”
Does price gouging exist? Arguably, but distinguishing it from people simply raising prices is impossible. Personal bias usually determines whether or not a person raising prices is “gouging”. In reality, sellers charge what the market can bear.
The people who truly “control” raising prices are the ones who manipulate market conditions such that sellers are empowered to raise their prices. Example: the government regulating the hell out of oil while pumping trillions of new fake dollars into the economy will create market conditions that permit oil sellers to drastically increase their prices.
Smart leftists pretend not to understand this. They can’t be seen admitting that their policies lead directly to hyperinflation and collapse. Because collapse is the goal. Only when the system has been deliberately crushed and the people made desperate will they finally turn to the state. And the state’s solution is always the same: total state control.
Yes, I agree on all counts. But sometimes I want to bitch without typing an essay outlining the conditions and context of it all, you know?