@itzhexen0Hmm. You seem to want to attack anyone talking about the problem. The first step to 'fixing the problem' is to 'talk openly about the problem'. After that, we need to elect leaders who run on fixing the problems, and march, protest, and strike, if they don't act on their pledges.
@itzhexen0 Ah, so you're having a breakdown and attacking the people working for reform, instead of the corrupt rich and their violent enforcers... The oligarchy is attempting to take over... the religious male-worshipping ethnonationalists are 'also' trying to take over. If we don't want either of those groups to win, we have to get to know our neighbors and get all the depressed peasants to the ballots, and to join unions. There are plans underway for a general strike. If you want change, push for positive action.
My husband and son in law work for 2 different groceries chains. When there was no longer a supply chain problem and producer prices went down, these companies decided to leave prices AS IS and reap the profits.
A new Family dollar store just opened in my little town. The building they are in had been a family-owned pharmacy that closed due to competition from Walmart and Meijer. I could not help but notice that the prices are double what they were before the pandemic. A can of coffee that was 7 dollars is now 11 or 12 dollars. Seniors can't do it on 1200 a month social security. It's insane. Then the insurance company raised car insurance to 135.00 a month. Personally, I have never had an accident. Yet it seems I get to foot the bill for all the bad drivers.
when a 'dollar' type store comes to town, you know your town is going down hill. those stores are designed to take advantage of the poor. they have nothing at all healthy to buy, and pay lame wages and wont do full time , last week tonight with john Oliver did a show about those stores and the videos he showed looked exactly like some of our stores. its the sin of capitalism.
I remember when they broke up Bell Telephone. It was one of the best things we ever did. Suddenly, new technology was all over the place and we are still reaping the rewards from it.
For decades, wages stagnated while goods and services kept going up. Recently, for once, wages have been addressed, and gone up slightly for some workers. Unfortunately, that gave corporations an excuse to raise goods and services even more. People will never be able to catch up.
"The family farming company of a Republican candidate for the US Senate was found liable on Tuesday in a plot to fix the price of eggs. "Rose Acre Farms, which claims to be the second-largest egg producer in the country and until September was chaired by John Rust - now running as a Senate candidate for Indiana - was accused in a civil suit of cutting supply to raise prices. "Food giants including Kraft, Kellog, General Mills and Nestle filed the suit in Illinois federal court, arguing that between 1999 and 2008 Rose Acre and other producers - Cal-Maine Foods, United Egg Producers and United States Egg Marketers - “unlawfully agreed to and did engage in a conspiracy to control supply and artificially maintain and increase the price of eggs”.
@itzhexen0 Are you OK? People have families to feed. They can't boycot eating to protest price gouging. All of these corporate practices are illegal. The fight to make these practices illegal was already long fought for, and hard won. We just need our leaders to stop taking 'donations' and start enforcing the laws.
@@yishnir The only solution is a Monarchy, headed by the incorruptible Lord Jesus Christ. "Yet have I set my king upon my holy hill of Zion" (Psalm 2:6, KJV). Even so, come, Lord Jesus! Establish the Kingdom in Jerusalem and save the world from the tyranny of Democracy (Daniel 7:7, KJV)!
At the first whiff of inflation, these big companies said "You think there is going to be inflation? OK we will give you inflation." And then they rake in the money.
@@phaedrussmith1949 _the SCoutUS has concluded that corporations are “persons” within the meaning of the Equal Protection Clause of the Fourteenth Amendment,_ I'll believe it when Texas executes one. That said, there was a recording of several Republicans on the phone with unknown corps telling them that if they raised prices Congress would block any meaningful investigation. That said, it was un-sourced and with the commonly available AI tools, depending on identifying them by human ear is fraught. But it fits with the Right Wing to try to make things as horrible and painful as possible when the President is not of their party.
@@bobfoltyn322 Agreed, but, in my opinion, Biden's not doing much, if anything, to find out. Considering how much of our tax dollars Congress has wasted on pointless inditements and so-called investigations would have been put to far better use finding out why, in such a difficult time, only the corporations seem to be wallowing in money. For me, it's glaringly obvious. But, what do I know.
You know, the Bureau of Economic Analysis has a fun stat - components of unit pricing over time. And currently the component rising fastest, the one creating the most growth in prices? Corporate profits. That's right, corporate profits. "Currency debasement" is not even a component. Huh, someone should talk to them, I guess...Half of the current price inflation is due to corporate price gouging. The Kansas City Fed called it "unprecedented markup-pricing." Fortune and The Financial Times have called it "greedflation." In a functioning economy, rising costs should not make profits rise even faster. Certain conglomerates are enjoying record or near-record profits. This is because there is little to no price competition due to market concentration (NO antitrust enforcement). Powell knows that. His actions will consolidate markets further. This is what class warfare looks like.
And meanwhile the price increases are used to blame Joe Biden. And the real winners use their increased profits to contribute more to the republican party.
In Canada, Galen Weston has a pretty good hold on our grocery and prescription drug retail market. Last week, Mainstream media reported that he has raised his stocking fees for the companies providing the food, raising their costs which were/are being passed on to the customers. As you said in your report, the companies stocking their shelves are making record profits as well. It's all pretty cozy to me.
Thanks, Thom. I've been saying the same thing for ages. A good example is the oil industry. People think the fuel prices shot up because of Putin invading Ukraine but if you'll check back to that time, you'll see that fuel prices shot up when Putin "acted like he might" invade Ukraine. Totally artificial. Big Oil immediately jumped on the opportunity to screw us. Just sane... :^) Saint
Canadian here, when oil prices go up - fuel costs promptly jump. But when they go down - the companies says it takes 6 months for product to travel from refineries to gas stations.
So true about small companies in the past. I grew up in a rural farming town of 1800. I'm 65, but I remember our downtown. Locally owned grocery store, clothing stores, bakery, restaurants, bars, mechanic shops, etc. We even had a father-son company that manufactured farm machinery. Our electric company was a co-op, owned by our area citizens. It's criminal the way things are now. 😢
Make America REALLY great again for the poor, the disabled, and the homeless! SPREAD THE WORD! Vote blue, and be sure to call, write, or email your representative and demand a constitutional amendment to elect the president by popular vote NOW!
Biden and the Ds' are the ones causing the problem through thier inaction and aiding and abetting the Corporate Monopolies. 🤣🤣🤣🤣🤣🤣You better have at least $10K or your Rep is just going to ignore you.
They're suing Amazon as well. The Sherman Anti-trust Act needs to make a reappearance. I remember in the movie "Pretty Woman," Richard Gere plays a guy who goes into large companies and breaks them up and sells them off. She convinces him that family owned companies are better.
Thom you are right about breaking up all of these monopolies. I worked for AT&T when they were broken up for being a monopoly. Looking back, this was good for consumers!! Breaking up AT&T led to competition and innovation.
The number of monopolies and the crazy mergers that keep occurring between massive co. #1 and massive co. #2..- it’s making me nervous. They already have everyone by the balls and it’s getting worse. We’re definitely going backwards in a lot of ways here, it’s scary. When I was a little kid, we had Illinois Bell for phone service. If you didn’t like them you were sol - there was no one else. Then we had choices, and later - more choices. 🤷♀️ It seems like that’s being chipped away at i.e. most recently there’s talk of a Kroger Albertsons merger. Wtf?
In the early seventies in California the telephone company had a monopoly and they were broken up. I don't know how the rest of the country did but California broke Pacific Bell into many different small companies and it worked.
Hey Tom and viewers! As a German American, I spend most of my time in my home country in Germany, and each year when I return to the US to spend a couple months with my adult children, I am totally aghast at the difference in food prices. For every $30 I spend for groceries in Germany, I'd have to spend between $60 to $8o in the US. (I'll be glad to send you a list of groceries with prices here in Germany and those in the US). Americans need to wake up, because American corporate greed erodes the income of the middle class more and more. I find when I spend time in the US, I can't afford anything anymore, whether it is eating out, go to a concert or the like or take a couple days' vacation, things I can afford in Germany. My conclusion is for the average wage earner in the US and Germany, for example, (and I am a retiree with a relatively low income), the quality of life in Europe by far surpasses the quality of life in the US, which was not the case in the US between WWII and the time when Reagan came into power. As long as Republicans have as much power as they do, America will never be what Americans like to think of as a "great" or the "greatest" country, even more so when I think of the horrible, horrible health care system in the US.
Although Safeway lost the war to Kroger locally, some mistakes made on Safeway's part, like cutting past the fat and muscle into the bone regarding staffing, I am still very much against this merger, and so are it's rank and file employees Kroger foods is a bit sneaky, retaining the old company names, but I remember the shift within a few weeks of my local grocer's purchase. Whoah
I saw some bilionaire recently sawing on the old chestnut about government spending causing inflation. "The're stealing your money by making it worth less." Turns out, based on this story that it's not the government stealing your money by causing inflation; it's the corporations. Isn't that just par for the course.
Retailers, extractive industries, energy companies, telecoms and tech companies know the metrics for inflation, they are aware they are price gouging., and they are holding down wages. *Unionize Now*
Companies make excess profits when they don't pay their workers enough. Most people struggle to pay for food and shelter. Taxing the excess profit and giving a rebate back to those who got ripped off would help the economy. Teddy Roosevelt realized unchecked capitalism would lead to disaster, hence the anti-trust laws he championed. This case is entirely similar.
There is only one way that I can see that is going to break this monopoly on food. Because there is no way in hell anyone in Washinton is going to do their Forking job. Americans need to move toward producing their own food and finding independent means of generating income. We need to move away from our 9-5's and work for ourselves and think of so-called regular jobs as the side gig. The only language these A-hole corporations understand is $$$. So we need to hit them where it hurts.
Corporate interests pampered by our own governing body regardless of its societal implications is a no-brainer. Our evolving hierarchical class structure is not a natural phenomena. It has been engineered and orchestrated by our own oligarchy.
We're not in an inflation. This is not a supply & demand issue. Companies have a profit margin that they adhere to, so, when people started standing their ground about needing a living wage, the companies increased prices instead of absorbing the additional payouts, which they consider "a loss". Without "canceling" companies, we need to let them know that we're simply not buying their exorbitantly marked up products until they bring prices back down. Minimum wage has been $7.25/hr since 2009!!!!!
We are seeing and feeling in real time out of control greed and how it effects everyone everywhere . I don't understand the term "neoliberalism" and how it applies here m
The exact same thing is happening in Australia.We are being gauged by the oil companies,Coles and Woolsworth food suppliers,enegy providers who are all in super profit area at the expense of hard working families
It's true that price gouging has gone out of control, but the reason isn't because there are no more small companies. Why was it that small companies were always much more costly than your huge corporations? Competition loss isn't the reason for our high prices. It's just plain old massive greed. Small business can never compete with the giant companies on anything. Full stop. You should know this Thom.
It's harmful when people say that companies like Amazon have the best prices because it ignores the value of competition. Competition was always good for the consumer because it forced retailers to undercut their competitors with lower prices. Small, local stores were also healthy for society because they interconnected shoppers with the people who worked in stores. We've lost so much.
Because CEOs and commodities dealers got so greedy. People who add a grand total of "Zero", to the product, its creation, cultivation or development. Parasites often consuming a larger percentage than creators or marketers.
Based on my ownership of a small American manufacturing company, profits move up and down greatly. Down is very common. Government regulation of what looks like “excessive” profits is worse. Let the markets work!
We are a county of monopolies, cough, cough, greed. I see these goals as a great wound in our civilizations' ability to continue, though really, just limping alone as it has been.
I wonder what the people responsible in rising the prices of foods and products would say to God why they made it hard for people to eat, clothes, and water?
You continuously un-see things for what they are. Trump has been out of office for almost 4 years. When does the sins of this administration start to reflect on them?
Thing is, would more and smaller U.S. corporations be able to compete with international mega-corporations? Might they not find themselves vis-a-vis international trade being as mom & pop stores the same way mom & pop stores currently are to them?
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
The greedy businesses of America is what is raising the prices of American goods.
@itzhexen0Hmm. You seem to want to attack anyone talking about the problem. The first step to 'fixing the problem' is to 'talk openly about the problem'. After that, we need to elect leaders who run on fixing the problems, and march, protest, and strike, if they don't act on their pledges.
@itzhexen0 why would I want to fix the problem. I'm not the president. But I do have a way to fix the problem.
@itzhexen0 Ah, so you're having a breakdown and attacking the people working for reform, instead of the corrupt rich and their violent enforcers... The oligarchy is attempting to take over... the religious male-worshipping ethnonationalists are 'also' trying to take over. If we don't want either of those groups to win, we have to get to know our neighbors and get all the depressed peasants to the ballots, and to join unions. There are plans underway for a general strike. If you want change, push for positive action.
It is also the greed of Americans who vote for monopolies to get larger divided payments on their stocks and increase in 401k's.
@itzhexen0 The president must first fix the many problems Trump caused. He could also use some help from the congress and senate.
Monopolies and price gouging cause wealth to transfer from the broader population to the super rich.
The Walton family who own Walmart are among the biggest scumbags who know this all too well!!
😂 Could it be a result of increased efficiency? Yea, sure! When will the public recognize that it is GREED?
Katie Porter was sounding this alarm over a year ago... but how many people bothered to listen?
My husband and son in law work for 2 different groceries chains. When there was no longer a supply chain problem and producer prices went down, these companies decided to leave prices AS IS and reap the profits.
Yeah, we know.
I knew this would happen before it happened
A new Family dollar store just opened in my little town. The building they are in had been a family-owned pharmacy that closed due to competition from Walmart and Meijer. I could not help but notice that the prices are double what they were before the pandemic. A can of coffee that was 7 dollars is now 11 or 12 dollars. Seniors can't do it on 1200 a month social security. It's insane. Then the insurance company raised car insurance to 135.00 a month. Personally, I have never had an accident. Yet it seems I get to foot the bill for all the bad drivers.
when a 'dollar' type store comes to town, you know your town is going down hill. those stores are designed to take advantage of the poor. they have nothing at all healthy to buy, and pay lame wages and wont do full time , last week tonight with john Oliver did a show about those stores and the videos he showed looked exactly like some of our stores. its the sin of capitalism.
I remember when they broke up Bell Telephone. It was one of the best things we ever did. Suddenly, new technology was all over the place and we are still reaping the rewards from it.
For decades, wages stagnated while goods and services kept going up. Recently, for once, wages have been addressed, and gone up slightly for some workers. Unfortunately, that gave corporations an excuse to raise goods and services even more. People will never be able to catch up.
"The family farming company of a Republican candidate for the US Senate was found liable on Tuesday in a plot to fix the price of eggs.
"Rose Acre Farms, which claims to be the second-largest egg producer in the country and until September was chaired by John Rust - now running as a Senate candidate for Indiana - was accused in a civil suit of cutting supply to raise prices.
"Food giants including Kraft, Kellog, General Mills and Nestle filed the suit in Illinois federal court, arguing that between 1999 and 2008 Rose Acre and other producers - Cal-Maine Foods, United Egg Producers and United States Egg Marketers - “unlawfully agreed to and did engage in a conspiracy to control supply and artificially maintain and increase the price of eggs”.
@itzhexen0I don't! I have chickens for that! ❄️😝👌❄️
@itzhexen0 - that's the dumbest goddamned thing I've read in a very long time.
Biden has proven once again that Socialism always ruins the economy.
@itzhexen0 Are you OK? People have families to feed. They can't boycot eating to protest price gouging. All of these corporate practices are illegal. The fight to make these practices illegal was already long fought for, and hard won. We just need our leaders to stop taking 'donations' and start enforcing the laws.
@@yishnir The only solution is a Monarchy, headed by the incorruptible Lord Jesus Christ. "Yet have I set my king upon my holy hill of Zion" (Psalm 2:6, KJV). Even so, come, Lord Jesus! Establish the Kingdom in Jerusalem and save the world from the tyranny of Democracy (Daniel 7:7, KJV)!
At the first whiff of inflation, these big companies said "You think there is going to be inflation? OK we will give you inflation." And then they rake in the money.
YES!
100,000,000,000 %
THIS INDEED WAS THE FIRST RESPONSE FROM THE MONOPOLIES OF AMERICAN'T,
ONCE THE MEDIA
"Companies" don't do these things, people do.
But we are almost sheeplike on this issue. In India boycotts occur, and that’s why they don’t have a big inflation problem.
@@phaedrussmith1949 _the SCoutUS has concluded that corporations are “persons” within the meaning of the Equal Protection Clause of the Fourteenth Amendment,_
I'll believe it when Texas executes one.
That said, there was a recording of several Republicans on the phone with unknown corps telling them that if they raised prices Congress would block any meaningful investigation. That said, it was un-sourced and with the commonly available AI tools, depending on identifying them by human ear is fraught.
But it fits with the Right Wing to try to make things as horrible and painful as possible when the President is not of their party.
If we had capitalism, one company would say "i'm not doing that" and undersell everyone and put them out of business. But we don't have capitalism
And of the 4 global grain companies, how many interlocking directorships exist?
That's the mechanism that allows prices fixing.
Corporations took small business, now taking Democracy.
Corporate greed... not hard.
@itzhexen0 - dumb*ss...most people don't have the capability to grow enough food to sustain a family.
I ve been saying corporate greed and Trump's trade agreements
@@bobfoltyn322 Agreed, but, in my opinion, Biden's not doing much, if anything, to find out. Considering how much of our tax dollars Congress has wasted on pointless inditements and so-called investigations would have been put to far better use finding out why, in such a difficult time, only the corporations seem to be wallowing in money. For me, it's glaringly obvious. But, what do I know.
@itzhexen0
There are too many people in government on the take from the corporations.
Yeah... _that's_ why prices are so high. You nailed it. 🙄
They're in Congress... and SCOTUS...
But the government not only lets them get away with it, they are getting paid to pass the legislation that allows this criminal corporate entity.
You know, the Bureau of Economic Analysis has a fun stat - components of unit pricing over time. And currently the component rising fastest, the one creating the most growth in prices? Corporate profits. That's right, corporate profits. "Currency debasement" is not even a component. Huh, someone should talk to them, I guess...Half of the current price inflation is due to corporate price gouging. The Kansas City Fed called it "unprecedented markup-pricing." Fortune and The Financial Times have called it "greedflation."
In a functioning economy, rising costs should not make profits rise even faster. Certain conglomerates are enjoying record or near-record profits. This is because there is little to no price competition due to market concentration (NO antitrust enforcement). Powell knows that. His actions will consolidate markets further. This is what class warfare looks like.
And meanwhile the price increases are used to blame Joe Biden. And the real winners use their increased profits to contribute more to the republican party.
The reason companies and corporations can price gouge is deregulation.
the answer is always more fascism! More free shit!!!! vote blue!!!
@@palehorse7377 Projection much? Trump equals fascism/Stalinism. Vote Blue!
In Canada, Galen Weston has a pretty good hold on our grocery and prescription drug retail market. Last week, Mainstream media reported that he has raised his stocking fees for the companies providing the food, raising their costs which were/are being passed on to the customers. As you said in your report, the companies stocking their shelves are making record profits as well. It's all pretty cozy to me.
Psychopathic business model.
Weston is one of the biggest liars in Canadian corporate history.
Sounds like capitalism rather than socialism in Canada .
@@angies.7689 He's despicable.
Greed and corruption.
Thanks, Thom. I've been saying the same thing for ages.
A good example is the oil industry. People think the fuel prices shot up because of Putin invading Ukraine but if you'll check back to that time, you'll see that fuel prices shot up when Putin "acted like he might" invade Ukraine. Totally artificial. Big Oil immediately jumped on the opportunity to screw us.
Just sane... :^) Saint
Canadian here, when oil prices go up - fuel costs promptly jump.
But when they go down - the companies says it takes 6 months for product to travel from refineries to gas stations.
So true about small companies in the past. I grew up in a rural farming town of 1800. I'm 65, but I remember our downtown. Locally owned grocery store, clothing stores, bakery, restaurants, bars, mechanic shops, etc. We even had a father-son company that manufactured farm machinery. Our electric company was a co-op, owned by our area citizens. It's criminal the way things are now. 😢
Make America REALLY great again for the poor, the disabled, and the homeless! SPREAD THE WORD! Vote blue, and be sure to call, write, or email your representative and demand a constitutional amendment to elect the president by popular vote NOW!
Glad you mentioned representatives as it needs pressure and ultimately commitment going in to an election.
@@JugglinJellyTake01 It is too bad they wont represent " the people "
Biden and the Ds' are the ones causing the problem through thier inaction and aiding and abetting the Corporate Monopolies. 🤣🤣🤣🤣🤣🤣You better have at least $10K or your Rep is just going to ignore you.
@@mikeboate208They'll provide for the shitty illegals before they will help tax paying citizens.
What has voting blue gotten us? It is a duopoly. Nothing changes if nothing changes and it is the definition of insanity.
They're suing Amazon as well. The Sherman Anti-trust Act needs to make a reappearance. I remember in the movie "Pretty Woman," Richard Gere plays a guy who goes into large companies and breaks them up and sells them off. She convinces him that family owned companies are better.
They need to be broken up. If you tax them, they’ll just roll that cost over to the consumer, like always.
Greed
Gouging. That's all it is. Trying to take advantage of consumers 'buying into' the inflation.
Prices have stabilized now, but what they're doing is using more "shrinkflation".
@Hodenkat.....they are also changing their recipes/formulations which have changed flavor and textures.
"New & Improved" is code for "we found a cheaper way to make it but shall charrge you more while offering less"
Thom you are right about breaking up all of these monopolies. I worked for AT&T when they were broken up for being a monopoly. Looking back, this was good for consumers!! Breaking up AT&T led to competition and innovation.
Greedflation.
The number of monopolies and the crazy mergers that keep occurring between massive co. #1 and massive co. #2..- it’s making me nervous. They already have everyone by the balls and it’s getting worse. We’re definitely going backwards in a lot of ways here, it’s scary. When I was a little kid, we had Illinois Bell for phone service. If you didn’t like them you were sol - there was no one else. Then we had choices, and later - more choices. 🤷♀️ It seems like that’s being chipped away at i.e. most recently there’s talk of a Kroger Albertsons merger. Wtf?
I thought that merger was completed. Kroger’s prices are thru the roof!
Greedy corporations.
Smiles 😃
I know right
Hope you are having a blessed day there??
In the early seventies in California the telephone company had a monopoly and they were broken up. I don't know how the rest of the country did but California broke Pacific Bell into many different small companies and it worked.
This is so obvious, but people want to blame the government and the market. Where'd you get the numbers? Thanks Thom!
It's a mechanism of the market.
You can't appease a dragon by feeding it virgins. It just gets bigger and demands more virgins.
Smiles 😃
I know right
Hope you are having a blessed day there??
Hey Tom and viewers! As a German American, I spend most of my time in my home country in Germany, and each year when I return to the US to spend a couple months with my adult children, I am totally aghast at the difference in food prices. For every $30 I spend for groceries in Germany, I'd have to spend between $60 to $8o in the US. (I'll be glad to send you a list of groceries with prices here in Germany and those in the US). Americans need to wake up, because American corporate greed erodes the income of the middle class more and more. I find when I spend time in the US, I can't afford anything anymore, whether it is eating out, go to a concert or the like or take a couple days' vacation, things I can afford in Germany. My conclusion is for the average wage earner in the US and Germany, for example, (and I am a retiree with a relatively low income), the quality of life in Europe by far surpasses the quality of life in the US, which was not the case in the US between WWII and the time when Reagan came into power. As long as Republicans have as much power as they do, America will never be what Americans like to think of as a "great" or the "greatest" country, even more so when I think of the horrible, horrible health care system in the US.
YOU'RE JUST FIGURING THIS OUT!
Cargill is the largest private owned company in the United States.
No, he's not just figuring this out. Thom's done segments on pandemic-related price gouging before.
Although Safeway lost the war to Kroger locally, some mistakes made on Safeway's part, like cutting past the fat and muscle into the bone regarding staffing, I am still very much against this merger, and so are it's rank and file employees
Kroger foods is a bit sneaky, retaining the old company names, but I remember the shift within a few weeks of my local grocer's purchase. Whoah
I saw some bilionaire recently sawing on the old chestnut about government spending causing inflation. "The're stealing your money by making it worth less." Turns out, based on this story that it's not the government stealing your money by causing inflation; it's the corporations. Isn't that just par for the course.
It’s always been about corporations!
The least surprising result from any corporate research project of the last three years at least.
Retailers, extractive industries, energy companies, telecoms and tech companies know the metrics for inflation, they are aware they are price gouging., and they are holding down wages. *Unionize Now*
But many unions of the past were guilty of much greed themselves, which in turn led to their downfall.
I’ve been saying this for 2 years now!
Companies make excess profits when they don't pay their workers enough. Most people struggle to pay for food and shelter. Taxing the excess profit and giving a rebate back to those who got ripped off would help the economy. Teddy Roosevelt realized unchecked capitalism would lead to disaster, hence the anti-trust laws he championed. This case is entirely similar.
Price gouge, then blame Biden.
Two airline mergers: Alaska / Hawaiian and Jet Blue / Spirit.
I once read that over some multi-year time frame, believe somewhere eight or above, only three proposed corporate mergers were blocked.
Back in the day, making a profit was enough. Now you either make record-breaking profit every single quarter or you shut down the company
Such a needed explanation of how we are still having such high prices at the super markets.
There is only one way that I can see that is going to break this monopoly on food.
Because there is no way in hell anyone in Washinton is going to do their Forking job.
Americans need to move toward producing their own food and finding independent means of generating income.
We need to move away from our 9-5's and work for ourselves and think of so-called regular jobs as the side gig.
The only language these A-hole corporations understand is $$$. So we need to hit them where it hurts.
Great idea, but do you know what it takes to produce your own food? I'm not trying to be a smaratass, but it's a full time job in itself.
@@jasonwiedeman4825it takes a village.
This is one of the problems I'm having with Biden. When he was campaigning, he said he would break up monopolies... we're still waiting.
It’s not easy breaking up monopolies; vote for Republicans and they’ll make more, they love corporate America!
He’s working on it.
Its as if you need to follow the money. Wow. Bet that s never happened before.
The quality is trash for the prices
greed the answer is almost always greed.
We have never had a functional FTC since the Sherman Antitrust Act.
Smiles 😃
I know right
Hope you are having a blessed day there???
Add Australia to the list.
What you didn't mention is that Biden is also working on stopping Kroger (Ralphs & Food4Less & more) from taking over Albertsons.
Corporate interests pampered by our own governing body regardless of its societal implications is a no-brainer. Our evolving hierarchical class structure is not a natural phenomena. It has been engineered and orchestrated by our own oligarchy.
Greed greed greed
I remember when the republicans said they love small business in america. Why are those people in the republican party today?
See? Greedflation is exactly what it is, and that's what we should continue to call it.
Because the companies keep raising their prices for profit 💯🇺🇸
Aqua farming will help fight this for food... every flat roof on a building can grow food...
Smiles 😃
I know right
Hope you are having a blessed day there??
Thank you!
We're not in an inflation. This is not a supply & demand issue. Companies have a profit margin that they adhere to, so, when people started standing their ground about needing a living wage, the companies increased prices instead of absorbing the additional payouts, which they consider "a loss". Without "canceling" companies, we need to let them know that we're simply not buying their exorbitantly marked up products until they bring prices back down. Minimum wage has been $7.25/hr since 2009!!!!!
Warren Buffett smiles like a friendly old man while you get your pockets picked.
Criminals.
We are seeing and feeling in real time out of control greed and how it effects everyone everywhere .
I don't understand the term "neoliberalism" and how it applies here m
Explains what we know. Corporate greed
Stop the greed
The Big Companies own both parties.
the big companies are controlled by? ✡ david....a mustached bavarian socialist warned us about this in 1932
You have a society that worships money and profit almost down to is last person and there's any question as to why prices go up??
Not surprised. Greed is a disease.
Greedy, they are avaricious and will do anything for money.
The exact same thing is happening in Australia.We are being gauged by the oil companies,Coles and Woolsworth food suppliers,enegy providers who are all in super profit area at the expense of hard working families
unregulated capitalism is just another way to say fascism.
Could it be greed?
money doesnt grow on trees, but food does. why do you grow grass?
To smoke?
"The biggest killer on the planet is stress and I still think the best medicine is and always has been cannabis." ~ Willie Nelson
@@chuckheppner4384As a Physician, Willie Nelson makes a damned fine songwriter.
annuals v perennials
We need to tax them like we're being taxed!🎉
Remember the worldwide droughts. More expensive to move by truck than ship
open ur eyes to corporate greed
Wait, capitalism doesn't work?
But still they blame Biden !
It's true that price gouging has gone out of control, but the reason isn't because there are no more small companies. Why was it that small companies were always much more costly than your huge corporations? Competition loss isn't the reason for our high prices. It's just plain old massive greed. Small business can never compete with the giant companies on anything. Full stop. You should know this Thom.
It's harmful when people say that companies like Amazon have the best prices because it ignores the value of competition. Competition was always good for the consumer because it forced retailers to undercut their competitors with lower prices. Small, local stores were also healthy for society because they interconnected shoppers with the people who worked in stores. We've lost so much.
Because CEOs and commodities dealers got so greedy. People who add a grand total of "Zero", to the product, its creation, cultivation or development. Parasites often consuming a larger percentage than creators or marketers.
Only four food companies monopolize our availability. 40% of all that food in your huge grocery store is thrown away!!!
Monopoly pricing power
Based on my ownership of a small American manufacturing company, profits move up and down greatly. Down is very common. Government regulation of what looks like “excessive” profits is worse. Let the markets work!
And MAGA blames Biden.
Smiles 😃
I know right
Hope you are having a blessed day there??
Thanks again. You speak to the problems. Not make believe.
Smiles 😃
I know right
Hope you are having a blessed day there???
But people are blaming Biden.
Back in the 30s they broke up Boeing Air Transport, because it was a monopoly. which is now UAL and Boeing
Smiles 😃
I know right
Hope you are having a blessed day there???
Your posts always make me feel smarter
The only difference between a common criminal and a CEO is a business suit and an education. GREEDY CAPITALISM.
We are a county of monopolies, cough, cough, greed. I see these goals as a great wound in our civilizations' ability to continue, though really, just limping alone as it has been.
The President needs to have meetings with these people and have them lower prices if they are raking in record profits.
I wonder what the people responsible in rising the prices of foods and products would say to God why they made it hard for people to eat, clothes, and water?
Don't think God is involved in this. That's a convenient label for the ignorant. BTW thoughts and prayers 😢😅
Told everyone we needed to talk about both Roosevelt s.
Smiles 😃
I know right
Hope you are having a blessed day there???
You continuously un-see things for what they are. Trump has been out of office for almost 4 years. When does the sins of this administration start to reflect on them?
Really dude... can answer your question in one word: GREED
What’s the source or link to what he’s referencing?
Do a Google search for "commonwealth study corporate profits." It's one of the top 3 results.
The corporate motto: Kick the people when they're down..!
Thing is, would more and smaller U.S. corporations be able to compete with international mega-corporations? Might they not find themselves vis-a-vis international trade being as mom & pop stores the same way mom & pop stores currently are to them?