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Everyone, stop staying "duh" to research outcomes. Research takes time to design, fund, run and analyze and it's purpose is to scientifically prove something we all "felt" a while ago.
Our feelings don't mean too much because they are often wrong, data backed fact means something. Start being happy about these validation posts and hold off on the pickachu face memes.
While the defence for science is nice (wasn't attacked here), outrage is allowed on public discourse. I think most people are outraged for the lack of inaction of regulatory bodies at the sight of extreme price fixing when everyone and their mother had at least the gut feeling that it is all bullshit.
data backed fact means something
What does it really mean here? You really think anyone will actually take action based on this data? You think it will convince anyone that didn’t already know it was the case? You think companies are magically going to stop overcharging us?
No, companies will keep lying, politicians will keep lying, and consumers will keep getting screwed.
And the “science” don’t need to take long. When companies claim they are raising prices due to increased costs while simultaneously recording record profits, it is obvious what’s going on. Yeah, economists will make excuses, but that is only because they work for the wealthy.
Literally anyone with a functioning brain already knew this. And yet, there will be no penalty for this bullshit.
Eh with how this conversation has been evolving lately I'd say this is the worst time to be pessimistic about the possibility of regulation. Is a good time to be loud and angry about it tho
no, be pessimistic, the optimistic stance is that hey will magically self regulate
Oh no, this is such a shock. No shit they were lying about inflation. Those bastards were reporting record highs while the average Joe was struggling to pay rent.
Well they got told to knock it off nicely. So I guess they will lower prices now. 🙄
The egg producers already have.
The "bird flu" was nowhere significant enough to cause the price spike on its own. It was an attempt to determine "what the market will allow". And it turns out people can do without eggs quite comfortably.
They just went too far too fast and found out they aren't the staple they thought they were. They also didn't have enough market penetration when some stores had protected supply lines and did not raise their egg price.
Pretty please? And no crossies!
They needed studies for that? Shoot they could have just asked me!
Me after reading the headline, "duh?".
I'm biased because I'm a scientist, but verifying observations and assumptions through empirical methods is typically a good thing. A lot of people believe "common sense" things that are completely wrong, e.g., that lightning never strikes twice, evolution has some sort of goal in mind, to never go to bed angry, etc.
Capitalists? Lying about literally everything?
Who coulda thunk it?
But ...? But market forces! Free market! The public will decide! No? Oh well, let's do nothing and see if it changes for the better.
The title of this post might as well be "Water is wet, the sky is blue, ice is cold"
Of course corporations are lying to have a reason to raise prices when they don't need to.
So you're telling me it doesn't cost twice as much to make and ship charcoal. It doesn't cost three times as much to grow a head of lettuce? Those sneaky snooks who make house paint have some 'splaining to do too.
They were also lying about closing stores because of too much shoplifting
The beginnings of a list:
"The biggest perpetrators were energy companies like Shell, Exxon Mobil, and Chevron, which were able to enjoy massive profits last year"
If you can find any way to go electric, use petrol less, ride a bike, walk, use a train, avoid a plane, etc, go for it. Prolly the petrol corps won't notice your individual actions, but the carbon you'll keep out of the atmosphere might just help to keep our planet's ecosphere viable.
The Study itself: INFLATION, PROFITS AND MARKET POWER TOWARDS A NEW RESEARCH AND POLICY AGENDA - https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf - Jeebus, 32 pages!
I drive electric and in my home state of Georgia, USA they have an ad valorem tax of 239 dollars or there abouts for people that drive Evs and plug in hybrids.
My theory is that they're missing out on the taxes I would normally pay if I bought gas and need to recoup their losses.
My theory is that they're missing out on the taxes I would normally pay if I bought gas and need to recoup their losses.
I don't think you need to refer to that as a theory. Taxes on fuel for motor vehicles go towards road maintenance. Vehicles that drive on the roads but don't burn gas or diesel, don't pay their share of the road maintenance costs. That's why states want to tax EVs.
You don't say
In a market that expects infinite growth in a finite reality, I can assure you that I'm not the least bit surprised that companies are using "inflation" as an excuse to gouge their customers for what increasingly little they have
No way
Of course corporations are lying to have a reason to raise prices.
The executives at every corpo would throw a million puppies into a wood chipper if it gained them an extra penny.
Bread and circuses only work when people can afford the bread and circuses. But capitalism demands growth at the cost of all else. The only way out of this mess is when it eats its own tail I imagine. Some say the inevitable collapse of society should be hastened for the greater good. Obviously that’s far too simple a statement, but I’m not well versed on it. Someone hit me with your 2 cents.
The Nordics I think figured out a solution to this,
You might be familiar with all the classic arguments decrying rent controls for causing supply shortages as people refuse to give up their RCd housing,
Well up in northern Europe they don't have rent control, they have rent hike control, basically you can only raise rent by a given percentage at most per year, in the US, we could tie that percentage cap to the percent change change in federal interest rates, pass some of that market rally back to the consumers since a rate drop leads to a mandatory profit margin drop to match.
The Nordics I think figured out a solution to this,
The French did too, it's called the guillotine.
Not surprised. Black rock company is probably in the lead when it comes to that.
the $7 per gallon gas prices and my previous boss forcing me to drive 50 miles to work with a car that was going to give out any moment soon...
piece of shit humans
Fun side note, I came to this post a day after it was posted and the upvote count was the same number as my social security number haha.
It's just business, they say.
No shit.
I didn't need a study to tell me that. See, back in 'nam there were no studies, no lettuce, no cars. We did what we did and we knew what we knew.