- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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Replace “inflation” with corporate greed to understand the true problem.
They’ve lobbied they way into creating a system there they have practically no bounds.
I mean, they even found a way around human rights and labor laws with prison slave work and even getting laws signed in some states in favor of child labor in the US. And that’s only in the US. In some other countries where manufacturing was moved there are literal slaves and children doing the work.
Then there’s the whole enshittification where they change the ingredients or the process to use the least material as possible to cut costs, selling food that barely passes for food and products that fall apart and break faster. Or hell, even have services now provided by some stupid AI. Oh and they also slightly reduce the amount per packaging as well thinking we won’t notice.
Then after they turn around and charge big bucks for that crap. It’s shameful. But they got the governments in their pocket.
I mean, they even found a way around human rights and labor laws with prison slave work
“Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.” (emphasis added)
I don’t think they really “found a way” around it insomuch as they explicitly continued to allow it in the text of the 13th Amendment. It’s not a bug, it’s a feature!
even that doesnt tell the story well enough, blaming “corporate greed” is too impersonal. corporations are made up of flesh and blood real people making conscious choices that help themselves and hurt others. the greed is human and the humans have names, THEY are collectively AND INDIVIDUALLY responsible.
Do we get out the guillotines yet?
FFS. We’re just gonna take this lying down, aren’t we?
Dammit.
When I want to make money, it isn’t greed. When someone else wants to make money, it is.
Interesting take
When the cost of essential goods is increased beyond the rate of inflation and the company in question subsequently reports all-time record profits, and those profits are going to people who are already in the top 10% of wealth holders whose daily lives aren’t actually impacted by not having that extra wealth, that’s greed harming the lives of everybody else. When someone working a standard 40 hours a week is asking for a cost of living raise because their current wage is below poverty income (which current federal minimum wage current is below that line), it’s basic human need to survive.
When the cost of essential goods is increased beyond the rate of inflation
Inflation is the measure of the cost of goods. You have cause and effect backwards here.
and those profits are going to people who are already in the top 10% of wealth holders
Wages are up across the board. Do you resent suppliers, warehouse staff, truck drivers, grocery employees, and distributors for making more money?
The only significant life changes that happened during the post-covid inflation was wages increasing. Hiring is up, wage pressure is up, union membership is way the fuck up.
Inflation happens because people have the money to support higher prices. It’s no more greed to raise prices there than it is for you to want to make more money.
We do have an issue in our society of wealth capture, and that’s a fixable problem we’ve seen steps toward. Wealth capture and inflation aren’t directly related or correlated, however.
I mean that would make sense if corporations were posting record profits and the federal interest rates weren’t at astronomical levels for the last 12+ months.
True. And government inflation does directly put money into banks, leading to more corporate profits
It turns out when you measure “the economy” with old metrics that only really impact rich people there is a disconnect between “the economy” and how everyone experiences the actual economy.
Replace ‘The Economy’ with ‘Rich People’s Yacht Money’ and everything starts to make more sense.
Replace ‘nation’ with ‘fiefdom’ and everything starts to make a lot more sense.
The word is “serfdom”, and these days we have less free time than those peasants back when. Something about idle hands leading to successful uprisings, I guess. Go figure.
America is a corporate feudal state propped up by a priesthood of politicians, lawyers, and economists
“Economist” is just the word for court wizard.
No, the word is fiefdom.
Serfdom would refer to the people, not the nations.
Replace ‘working class’ with ‘serfdom’ and you’re onto something.
It’s not inflation. It’s greedflation. I live in Denmark, where greedflation is increasing, but nothing like in Norway! Also, Norwegian companies were complaining about electricity prices last year and got a shit-tonne of money to not go bankrupt. Turns out, many of the companies had record profits - we’re talking more than doubling their previous record (in the billions…).
Eat the rich!!
Why be proud of an economy when it does nothing to help you stop suffering? That’s something that touches probably 80-90% of people.
I pretty much don’t spend money unless I absolutely need to.
Fuck this shit.
If I don’t need it, I don’t buy it. If I do need it, I make it. If I can’t make it, I’ll buy it second hand.
if ‘the economy’ is not really a metric the common man should care about in any capacity, why do news agencies push it like its the new god?
The “economy” means the stock market. It’s what is important for capital gains. Guess who owns the news?
The stock market was doing fine even when the economy was at its worst. 2008, this was not.
why do news agencies push it like its the new god?
Because it is the new god. Praise The Holy Economy and Its Invisible Hand!
Who would have thought that people would have negative views of the economy after banks fuck it up.
Am I supposed to be grateful for the banking industry destroying the economy? What a god damn joke.
CNBC can lick my nuts.
My $300 average supermarket shopping every two weeks is now at $400.
Economy? Who has faith in any aspect of humanity these days…
If we all start killing ceos at the same time… 3…2……
