General Discussion

tclambert

(11,087 posts)

58. Isn't free market economics supposed to keep prices low?

Reply to CousinIT (Original post)

Fri Apr 19, 2024, 09:13 PM

Apr 19

Or is that a competitive market, requiring regulation to keep competition fair?

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Highlight:

Higher grocery prices ARE a result of greedflation, investigation shows: [View all] CousinIT Apr 19 OP

It is sadistic abuse of the working poor and folks on fixed income dalton99a Apr 19 #1

Yes, it is guaranteed profits PatSeg Apr 19 #30

Now one can see why all those HOAs ban big gardens. OldBaldy1701E Apr 19 #46

Good point PatSeg Apr 19 #47

Fuck HOAs Prof. Toru Tanaka Apr 19 #49

Smart move. Ligyron Apr 19 #59

Unfortunately, I live in one. OldBaldy1701E Apr 20 #68

Grocery Giant Kroger Rakes in Billions While Food Prices Soar SalamanderSleeps Apr 20 #64

If One Looks At Their Financial Statements... ProfessorGAC Apr 20 #69

It's also a sadistic abuse of working and middle income Americans, families, and B.See Apr 19 #56

Yep. That's why Yellen's efforts using traditional anti-inflation tactics failed Model35mech Apr 19 #2

"...consumers to curb spending..." Wednesdays Apr 19 #22

That is the problem with not using antitrust laws for 40 years post reagan JT45242 Apr 19 #3

Grocery stores are in an arms race to RAISE prices, not lower them dalton99a Apr 19 #4

Grocery stores llmart Apr 19 #12

I am in Rebl2 Apr 19 #20

Yes, without food and energy prices markodochartaigh Apr 19 #33

Agree Rebl2 Apr 19 #42

As a small farmer Farmer-Rick Apr 19 #28

I knew that. dchill Apr 19 #5

Wonder how many major news outlets will risk angering their advertisers to spread this news. progressoid Apr 19 #6

I RARELY hear news or media even mention corporate profits when talking about inflation. CousinIT Apr 19 #9

We never get the full equation from the media underpants Apr 19 #11

I'd love to see the media execs confronted with this. CousinIT Apr 19 #13

I wanted to check my facts on this and look what I found. underpants Apr 19 #25

This is not entirely true Ontheboundry Apr 19 #34

Yes, I knew they weren't (and probably won't) cover it senseandsensibility Apr 19 #55

Predatory Capitalism Emile Apr 19 #7

They won't. They'll just blame him for inflation. KPN Apr 19 #14

This message was self-deleted by its author onecaliberal Apr 19 #8

We didn't really think food & gas were going to let people keep all that 2020 money in THEIR pockets did we? underpants Apr 19 #10

Why should some stockholders make less profit than others? leftstreet Apr 19 #15

Supply and demand may, may work at the Macro level Prairie_Seagull Apr 19 #16

And their massive profits can also end up in PACs Fritz Walter Apr 19 #17

Yes, stop buying food and houses Puppyjive Apr 19 #18

There's a boycott of all Kellog's cereals OMGWTF Apr 19 #19

I've boycotted Kellogg's cereals for years now, but I've boycotted all the rest of the other sugary crap as well elocs Apr 19 #50

NPR's Fresh Air yesterday SleeplessinSoCal Apr 19 #21

5 year? like for ever. AllaN01Bear Apr 19 #23

On June 29th, I'll really be able to make an informed comment DFW Apr 19 #24

We have farmer's markets where I live. They are VERY busy. CousinIT Apr 19 #32

We have had a farmers market in my town for the last 800 years DFW Apr 19 #43

We have two large farmers' markets nearby. Going to them is a Saturday ritual... Mark.b2 Apr 19 #52

My oldest daughter, a teacher, as a side hustle, Prairie_Seagull Apr 20 #67

We throw away way too much food as well. littlemissmartypants Apr 19 #26

Absolutely nowforever Apr 19 #27

My local guy that sells excess eggs just raised his prices 50%. It ain't just big companies. Silent Type Apr 19 #29

"Greedflation" is a great name for it. A lot of things have shrunk in size Warpy Apr 19 #31

It's called shrinkflation: Celerity Apr 19 #60

If toiley paper gets much narrower Warpy Apr 19 #61

DUH, someone spent money for a study on this? krawhitham Apr 19 #35

This message was self-deleted by its author Initech Apr 19 #36

I take it that you don't have any retirement or investment accounts? MichMan Apr 19 #37

I'm lucky Faux pas Apr 19 #38

This. Is. Capitalism. lonely bird Apr 19 #39

Just some more corporate greed. republianmushroom Apr 19 #40

What effect does shopping for groceries w/ "cash back" cards have against personal hits due to corporate greedflation Backseat Driver Apr 19 #41

K&R usonian Apr 19 #44

Time for a windfall tax perhaps? mwooldri Apr 19 #45

Actually that's a great idea. Emile Apr 19 #48

No shit!!! cstanleytech Apr 19 #51

Being retired & poor, I'm doing alright as far as food goes. elocs Apr 19 #53

It's Greedflation. Wake up America. oasis Apr 19 #54

So, Reich & Warren Were Right After All... GB_RN Apr 19 #57

Isn't free market economics supposed to keep prices low? tclambert Apr 19 #58

"Free Market" Ligyron Apr 19 #62

It's happening across the border to our north too. summer_in_TX Apr 19 #63

Just talked to a Republican about this (my dad) TheFarseer Apr 20 #65

Right! Emile Apr 20 #70

The "Biden" is blocking oil production talking point is of course bullshit. This chart shows it up under Biden... CousinIT Apr 20 #71

K&R ck4829 Apr 20 #66