comment by Sat Nav (U18243)
posted 9 hours, 39 minutes ago
The difference is though that I want there to be a path for the disenfranchised whereas people on your side of the argument think that the path has to be earnt first then outcome later.
----------------------------------------------------------------------
I can see why you’d think that and it certain specific scenarios that would be true. I also don’t feel that our current path totally ignores the disenfranchised as you call it. Some will not progress, some will struggle very badly in the world. But I believe that those in that category are already better off than their equivalents 100 years ago say, even 50 years ago. This path is positive, just not perfect.
But keeping it macro, I don’t feel that way. I’d like us to get to a place where none of this crap exists: poverty, hunger, money, desire for ‘things’ et cetera. But we’re not there yet, we simply cannot do that yet. I think once we have certain technologies for example, we can and will get there.
But until then, the way I want progress is what I think will get us there quickest and best for all. Yes that encompasses the mantra (although not to the extreme) of natural selection but only to get us to the point where I want and believe we will get to.
If I could invent anything, I think I’d invent teleportation. That would solve so many issues for us as a planet and get us towards that place.
----------------------------------------------------------------------
I feel that you're reducing this debate to a basic elementary level of positive vs not positive. Just because something is positive doesn't mean it's OK. Just because people are better off now than 100 or 50 years ago doesn't mean we haven't missed, and aren't still missing tricks that could have had us much further ahead than we are now when it comes to poverty, hunger etc.
If you buy a loaf of bread and the store only gives you half a loaf instead, would you say "well it's not so bad, at least I have half a loaf of bread now whereas I didn't have anything before".
No you wouldn't. You have a loaf of bread and your tummy is full, but you've still been ripped off badly.
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
It's the utter failure of privatisation and private corporations, which some laud as successes to my bemusement.
The moment something is privatized, the same corporation is immediately lobbying and appearing at corridors of leadership with their begging bowl seeking tax cuts, subsidies and favours in order to stay afloat, still relying on tax payers who already pay them for their services. But it's never enough is it? They always need more and will never stop. They'll squeeze the juice from the berry until there's nothing but pulp left, and then cease to exist becaus they destroyed the reason for their existence.
"Oh if you don't do us this favour we will have to fire people and you'll probably lose the next election due to joblessness. Better help us or we're both facked."
Privatisation should mean privatisation, not ripping off the people. Any private entity kept profitable or afloat by tax cuts, subsidies and favours is basically a failed entity being kept alive on a life support machine by the tax payer. Better off to pull the plug.
There will always be poverty, hunger and suffering because it is an inevitable byproduct of the current system.
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted 15 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
And that just proves the point that once inflation becomes imbedded it is very difficult to get rid off.
comment by isembowel the libeals, an ink the bloo of thei chilen (U17054)
posted 25 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
100% and if anyone thinks the price of food will be reduced when inflation is back around normal levels is deluded.
comment by SWTN - Judas is number 1 (U7916)
posted 7 minutes ago
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted 15 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
And that just proves the point that once inflation becomes imbedded it is very difficult to get rid off.
----------------------------------------------------------------------
Under the current model where the state refuses to intervene in the market, corporate interests are free to influence the National Assembly, legislation is anyway geared to protect the profits of corporations over the well-being of people, regulators and tax authorities have had all their teeth removed, and any notion of competition in the marketplace has been complete and utterly undermined.
There are other models though.
comment by Pranks Baby (U22336)
posted about a minute ago
comment by isembowel the libeals, an ink the bloo of thei chilen (U17054)
posted 25 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
100% and if anyone thinks the price of food will be reduced when inflation is back around normal levels is deluded.
----------------------------------------------------------------------
Well nothing should in theory. Prices will just rise at a slower pace.
For prices to come down we need deflation
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
The closed shop is factually correct.
====
Maybe in the 70s. That's not the case anymore for a long time.
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
comment by isembowel the libeals, an ink the bloo of thei chilen (U17054)
posted 2 hours, 45 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 7 minutes ago
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted 15 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
And that just proves the point that once inflation becomes imbedded it is very difficult to get rid off.
----------------------------------------------------------------------
Under the current model where the state refuses to intervene in the market, corporate interests are free to influence the National Assembly, legislation is anyway geared to protect the profits of corporations over the well-being of people, regulators and tax authorities have had all their teeth removed, and any notion of competition in the marketplace has been complete and utterly undermined.
There are other models though.
----------------------------------------------------------------------
Politicians are running scared of them because they can make or ruin a political career. Most politicians just don't want to get in the way of anything they're doing. The general public is generally stupid and a well funded campaign to tarnish a name will always succeed.
Sat Nav was worried about the balance of power in Unions.
I'd say we've got far bigger problems to worry about.
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
#Breaking A body has been found in the River Wyre close to where Nicola Bulley went missing, Lancashire Police said
comment by Jonathan Moore (U11781)
posted 6 minutes ago
#Breaking A body has been found in the River Wyre close to where Nicola Bulley went missing, Lancashire Police said
----------------------------------------------------------------------
Very sad but not surprised
How big is this river? They kept saying they searched it from top to bottom
comment by Jonathan Moore (U11781)
posted less than a minute ago
How big is this river? They kept saying they searched it from top to bottom
----------------------------------------------------------------------
Unless the body moved in the river
Hopefully some closure for the family.
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 2 hours, 19 minutes ago
The closed shop is factually correct.
====
Maybe in the 70s. That's not the case anymore for a long time.
----------------------------------------------------------------------
That is what I meant.
comment by Gingernuts (U2992)
posted 1 hour, 45 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
Well energy prices can of course. They are traded in open markets and go up and based in long run over supply and demand.
But prices of food, labour machinery etc will only come down if we have deflation and the most common cause of deflation is a severe recession.
comment by Gingernuts (U2992)
posted 2 hours, 26 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
What a load of idealistic nonsense.
comment by Gingernuts (U2992)
posted 2 hours, 35 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
Many, many people’s wages haven’t risen though. And the cost of many raw materials, components and wholesale articles (particularly those sourced from the Asian market) hasn’t increased. (See example above, which I could supplement with others from our own business).
What *has* risen consistently - significantly and across industries - is profit margins.
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted about an hour ago
comment by Gingernuts (U2992)
posted 2 hours, 35 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
Many, many people’s wages haven’t risen though. And the cost of many raw materials, components and wholesale articles (particularly those sourced from the Asian market) hasn’t increased. (See example above, which I could supplement with others from our own business).
What *has* risen consistently - significantly and across industries - is profit margins.
----------------------------------------------------------------------
This is correct and perhaps a big reason why despite a severe economic downturn, unemployment remain low.
It's such a f3ckin trap, cause if those margins are squeezed going forward, which I think they will be, then we will very likey start to see unemployment rise as companies strive satisfy shareholders.
comment by SWTN - Judas is number 1 (U7916)
posted 1 hour, 16 minutes ago
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted about an hour ago
comment by Gingernuts (U2992)
posted 2 hours, 35 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
Many, many people’s wages haven’t risen though. And the cost of many raw materials, components and wholesale articles (particularly those sourced from the Asian market) hasn’t increased. (See example above, which I could supplement with others from our own business).
What *has* risen consistently - significantly and across industries - is profit margins.
----------------------------------------------------------------------
This is correct and perhaps a big reason why despite a severe economic downturn, unemployment remain low.
It's such a f3ckin trap, cause if those margins are squeezed going forward, which I think they will be, then we will very likey start to see unemployment rise as companies strive satisfy shareholders.
----------------------------------------------------------------------
Which is why shareholder culture needs to be reigned back in.
It's currently ridiculous, and the current levels of dividends and buybacks are all on the basis of wage squeezes.
Sign in if you want to comment
Arguing w/strangers cause I'm lonely thread
Page 3311 of 4955
3312 | 3313 | 3314 | 3315 | 3316
posted on 19/2/23
comment by Sat Nav (U18243)
posted 9 hours, 39 minutes ago
The difference is though that I want there to be a path for the disenfranchised whereas people on your side of the argument think that the path has to be earnt first then outcome later.
----------------------------------------------------------------------
I can see why you’d think that and it certain specific scenarios that would be true. I also don’t feel that our current path totally ignores the disenfranchised as you call it. Some will not progress, some will struggle very badly in the world. But I believe that those in that category are already better off than their equivalents 100 years ago say, even 50 years ago. This path is positive, just not perfect.
But keeping it macro, I don’t feel that way. I’d like us to get to a place where none of this crap exists: poverty, hunger, money, desire for ‘things’ et cetera. But we’re not there yet, we simply cannot do that yet. I think once we have certain technologies for example, we can and will get there.
But until then, the way I want progress is what I think will get us there quickest and best for all. Yes that encompasses the mantra (although not to the extreme) of natural selection but only to get us to the point where I want and believe we will get to.
If I could invent anything, I think I’d invent teleportation. That would solve so many issues for us as a planet and get us towards that place.
----------------------------------------------------------------------
I feel that you're reducing this debate to a basic elementary level of positive vs not positive. Just because something is positive doesn't mean it's OK. Just because people are better off now than 100 or 50 years ago doesn't mean we haven't missed, and aren't still missing tricks that could have had us much further ahead than we are now when it comes to poverty, hunger etc.
If you buy a loaf of bread and the store only gives you half a loaf instead, would you say "well it's not so bad, at least I have half a loaf of bread now whereas I didn't have anything before".
No you wouldn't. You have a loaf of bread and your tummy is full, but you've still been ripped off badly.
posted on 19/2/23
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
posted on 19/2/23
It's the utter failure of privatisation and private corporations, which some laud as successes to my bemusement.
The moment something is privatized, the same corporation is immediately lobbying and appearing at corridors of leadership with their begging bowl seeking tax cuts, subsidies and favours in order to stay afloat, still relying on tax payers who already pay them for their services. But it's never enough is it? They always need more and will never stop. They'll squeeze the juice from the berry until there's nothing but pulp left, and then cease to exist becaus they destroyed the reason for their existence.
"Oh if you don't do us this favour we will have to fire people and you'll probably lose the next election due to joblessness. Better help us or we're both facked."
Privatisation should mean privatisation, not ripping off the people. Any private entity kept profitable or afloat by tax cuts, subsidies and favours is basically a failed entity being kept alive on a life support machine by the tax payer. Better off to pull the plug.
There will always be poverty, hunger and suffering because it is an inevitable byproduct of the current system.
posted on 19/2/23
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted 15 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
And that just proves the point that once inflation becomes imbedded it is very difficult to get rid off.
posted on 19/2/23
comment by isembowel the libeals, an ink the bloo of thei chilen (U17054)
posted 25 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
100% and if anyone thinks the price of food will be reduced when inflation is back around normal levels is deluded.
posted on 19/2/23
comment by SWTN - Judas is number 1 (U7916)
posted 7 minutes ago
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted 15 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
And that just proves the point that once inflation becomes imbedded it is very difficult to get rid off.
----------------------------------------------------------------------
Under the current model where the state refuses to intervene in the market, corporate interests are free to influence the National Assembly, legislation is anyway geared to protect the profits of corporations over the well-being of people, regulators and tax authorities have had all their teeth removed, and any notion of competition in the marketplace has been complete and utterly undermined.
There are other models though.
posted on 19/2/23
comment by Pranks Baby (U22336)
posted about a minute ago
comment by isembowel the libeals, an ink the bloo of thei chilen (U17054)
posted 25 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
----------------------------------------------------------------------
100% and if anyone thinks the price of food will be reduced when inflation is back around normal levels is deluded.
----------------------------------------------------------------------
Well nothing should in theory. Prices will just rise at a slower pace.
For prices to come down we need deflation
posted on 19/2/23
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
posted on 19/2/23
The closed shop is factually correct.
====
Maybe in the 70s. That's not the case anymore for a long time.
posted on 19/2/23
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
posted on 19/2/23
comment by isembowel the libeals, an ink the bloo of thei chilen (U17054)
posted 2 hours, 45 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 7 minutes ago
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted 15 minutes ago
Inflation has been driven by profiteering, not wage rises.
Wholesale gas prices in Europe are now lower than they were *six months before* the war in Ukraine kicked off as retail prices are at all time record levels, profits are at record levels, and share buybacks are at record levels. Let’s see what happens to energy bills and with this spring’s dividends…
Supermarket CEOs talking on investor calls about how a bit of inflation is good for business because they can hide increases in their margins. Despite sales volumes dropping, profits are UP, some to close to record levels.
Wholesalers in various domains buying from China at the same prices they have been shopping at for five years and doubling their markups.
(Direct example from the Dutch wholesaler my bro works at: Buying in handbags last year at €5,10 per unit and selling at €29,95. Now buying in handbags at €5,10 per unit and selling at €39,95. Staff have had a €0 pay rise this year.)
Corporate greed is the primary factor now driving inflation. There’s no denying costs have increased in some way for most businesses, but the larger ones have *much more than* made up for that with their price hikes: energy, food and drink and landlords included.
The supply side arguments are laughable nonsense.
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And that just proves the point that once inflation becomes imbedded it is very difficult to get rid off.
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Under the current model where the state refuses to intervene in the market, corporate interests are free to influence the National Assembly, legislation is anyway geared to protect the profits of corporations over the well-being of people, regulators and tax authorities have had all their teeth removed, and any notion of competition in the marketplace has been complete and utterly undermined.
There are other models though.
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Politicians are running scared of them because they can make or ruin a political career. Most politicians just don't want to get in the way of anything they're doing. The general public is generally stupid and a well funded campaign to tarnish a name will always succeed.
posted on 19/2/23
Sat Nav was worried about the balance of power in Unions.
I'd say we've got far bigger problems to worry about.
posted on 19/2/23
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
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Yeah.
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What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
posted on 19/2/23
#Breaking A body has been found in the River Wyre close to where Nicola Bulley went missing, Lancashire Police said
posted on 19/2/23
comment by Jonathan Moore (U11781)
posted 6 minutes ago
#Breaking A body has been found in the River Wyre close to where Nicola Bulley went missing, Lancashire Police said
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Very sad but not surprised
posted on 19/2/23
Poor family
posted on 19/2/23
How big is this river? They kept saying they searched it from top to bottom
posted on 19/2/23
comment by Jonathan Moore (U11781)
posted less than a minute ago
How big is this river? They kept saying they searched it from top to bottom
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Unless the body moved in the river
posted on 19/2/23
Hopefully some closure for the family.
posted on 19/2/23
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 2 hours, 19 minutes ago
The closed shop is factually correct.
====
Maybe in the 70s. That's not the case anymore for a long time.
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That is what I meant.
posted on 19/2/23
comment by Gingernuts (U2992)
posted 1 hour, 45 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
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Well energy prices can of course. They are traded in open markets and go up and based in long run over supply and demand.
But prices of food, labour machinery etc will only come down if we have deflation and the most common cause of deflation is a severe recession.
posted on 19/2/23
comment by Gingernuts (U2992)
posted 2 hours, 26 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
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What a load of idealistic nonsense.
posted on 19/2/23
comment by Gingernuts (U2992)
posted 2 hours, 35 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
Many, many people’s wages haven’t risen though. And the cost of many raw materials, components and wholesale articles (particularly those sourced from the Asian market) hasn’t increased. (See example above, which I could supplement with others from our own business).
What *has* risen consistently - significantly and across industries - is profit margins.
posted on 19/2/23
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted about an hour ago
comment by Gingernuts (U2992)
posted 2 hours, 35 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
Many, many people’s wages haven’t risen though. And the cost of many raw materials, components and wholesale articles (particularly those sourced from the Asian market) hasn’t increased. (See example above, which I could supplement with others from our own business).
What *has* risen consistently - significantly and across industries - is profit margins.
----------------------------------------------------------------------
This is correct and perhaps a big reason why despite a severe economic downturn, unemployment remain low.
It's such a f3ckin trap, cause if those margins are squeezed going forward, which I think they will be, then we will very likey start to see unemployment rise as companies strive satisfy shareholders.
posted on 19/2/23
comment by SWTN - Judas is number 1 (U7916)
posted 1 hour, 16 minutes ago
comment by isembowel the libeals, an ink the bloo of thei... (U17054)
posted about an hour ago
comment by Gingernuts (U2992)
posted 2 hours, 35 minutes ago
comment by Pranks Baby (U22336)
posted 30 minutes ago
comment by Thorgen son of Kloppin - Mjolnir... To me! (U1282)
posted 3 minutes ago
When prices go up because of some event, they never go down to what they were before. The big wigs just pocket the extra profit.
----------------------------------------------------------------------
Yeah.
----------------------------------------------------------------------
What?
Everything starts with basic ingredients and usually involve labour or machinery which requires power. Each in their own way have had increases in price (how else would people’s wages rise for example).
How can they possibly go down to what they were before unless everything reverts? And that includes wages.
----------------------------------------------------------------------
Many, many people’s wages haven’t risen though. And the cost of many raw materials, components and wholesale articles (particularly those sourced from the Asian market) hasn’t increased. (See example above, which I could supplement with others from our own business).
What *has* risen consistently - significantly and across industries - is profit margins.
----------------------------------------------------------------------
This is correct and perhaps a big reason why despite a severe economic downturn, unemployment remain low.
It's such a f3ckin trap, cause if those margins are squeezed going forward, which I think they will be, then we will very likey start to see unemployment rise as companies strive satisfy shareholders.
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Which is why shareholder culture needs to be reigned back in.
It's currently ridiculous, and the current levels of dividends and buybacks are all on the basis of wage squeezes.
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