this post was submitted on 19 Jan 2024
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Interesting Global News

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[–] Showroom7561@lemmy.ca 29 points 10 months ago (7 children)

Many progressive economists pointed to corporate profits – or “greedflation” – and supply chain issues as a driver of high prices

Theft. It's called theft.

[–] quindraco@lemm.ee 3 points 10 months ago (5 children)

Theft is when you take something someone else has without their consent. Charging a lot for what you sell isn't theft.

[–] Showroom7561@lemmy.ca 9 points 10 months ago (3 children)

Profiteering, price gouging, and wage theft are forms of theft.

Many places already make these illegal, but corporations don't face consequences when caught.

The worst part is that many of these companies have stated that without increases in consumer prices, they would be forced to shut down. Lies.

Our largest grocery store operator in Canada has been posting record profits these past few years, despite claiming that prices need to go up. They are stealing from consumers.

[–] ax-_-xa@kbin.social 2 points 10 months ago (1 children)

Aren't they also losing customers? I don't buy shit anymore. Won't a lot of places eventually drive themselves out of business? A smaller, captive customer base with the wealth to choose differently if they feel like it. The vast majority just doing without whatever isn't crucial.

[–] dylanmorgan@slrpnk.net 3 points 10 months ago (1 children)

You can’t really stop buying food. There’s a reason that (say) a laptop costs the same now that it did in 1998 but eggs went from $2.50 a dozen to $8 a dozen in a few weeks with no actual change in supply or demand outside of a very brief constraint on shipping.

[–] ax-_-xa@kbin.social 1 points 10 months ago

Right, and when all we buy is food, many, many other businesses go poof. I'm not saying food isn't expensive. I'm saying that's all I buy anymore.

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