Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.
  • ChillCapybara@discuss.tchncs.de
    6·
    10 months ago

    Bread and circuses only work when people can afford the bread and circuses. But capitalism demands growth at the cost of all else. The only way out of this mess is when it eats its own tail I imagine. Some say the inevitable collapse of society should be hastened for the greater good. Obviously that’s far too simple a statement, but I’m not well versed on it. Someone hit me with your 2 cents.

      • Star@lemmy.blahaj.zone
        1·
        10 months ago

        So. let’s say they’ll die if society collapses. Right now they are alive and suffering. Suffering for years, or the release of death? Those should not be the options we have to pick from.

        Maybe let’s fix that?

  • EmperorHenry@discuss.tchncs.de
    2·
    10 months ago

    Of course corporations are lying to have a reason to raise prices.

    The executives at every corpo would throw a million puppies into a wood chipper if it gained them an extra penny.

    • Rediphile@lemmy.ca
      0·
      10 months ago

      I just don’t understand why they lie about it at all? To avoid losing long term customers?

      Raising the price of goods to increase profits isn’t illegal. It’s just risky for the business if they lose customers to other places with lower prices.

  • EmperorHenry@discuss.tchncs.de
    2·
    10 months ago

    The title of this post might as well be “Water is wet, the sky is blue, ice is cold”

    Of course corporations are lying to have a reason to raise prices when they don’t need to.

  • Snapz@lemmy.world
    2·
    10 months ago

    Everyone, stop staying “duh” to research outcomes. Research takes time to design, fund, run and analyze and it’s purpose is to scientifically prove something we all “felt” a while ago.

    Our feelings don’t mean too much because they are often wrong, data backed fact means something. Start being happy about these validation posts and hold off on the pickachu face memes.

    • Eximius@lemmy.world
      1·
      10 months ago

      While the defence for science is nice (wasn’t attacked here), outrage is allowed on public discourse. I think most people are outraged for the lack of inaction of regulatory bodies at the sight of extreme price fixing when everyone and their mother had at least the gut feeling that it is all bullshit.

  • DebatableRaccoon@lemmy.ca
    1·
    10 months ago

    Oh no, this is such a shock. No shit they were lying about inflation. Those bastards were reporting record highs while the average Joe was struggling to pay rent.

  • ForestOrca@kbin.social
    1·
    10 months ago

    The beginnings of a list:
    “The biggest perpetrators were energy companies like Shell, Exxon Mobil, and Chevron, which were able to enjoy massive profits last year”
    If you can find any way to go electric, use petrol less, ride a bike, walk, use a train, avoid a plane, etc, go for it. Prolly the petrol corps won’t notice your individual actions, but the carbon you’ll keep out of the atmosphere might just help to keep our planet’s ecosphere viable.

    The Study itself: INFLATION, PROFITS AND MARKET POWER TOWARDS A NEW RESEARCH AND POLICY AGENDA - https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf - Jeebus, 32 pages!

  • Im14abeer@midwest.socialEnglish
    0·
    10 months ago

    So you’re telling me it doesn’t cost twice as much to make and ship charcoal. It doesn’t cost three times as much to grow a head of lettuce? Those sneaky snooks who make house paint have some 'splaining to do too.

    • PlantDna@mander.xyz
      1·
      10 months ago

      For lettuce, the cost of fertilisers, pesticides, fungicides etc, rose significantly this year. At least in Europe.

  • foggy@lemmy.world
    0·
    10 months ago

    I want a well curated list of the worst offenders so I can figure out who to stop giving my money to.

  • PhlubbaDubba@lemm.ee
    0·
    10 months ago

    The Nordics I think figured out a solution to this,

    You might be familiar with all the classic arguments decrying rent controls for causing supply shortages as people refuse to give up their RCd housing,

    Well up in northern Europe they don’t have rent control, they have rent hike control, basically you can only raise rent by a given percentage at most per year, in the US, we could tie that percentage cap to the percent change change in federal interest rates, pass some of that market rally back to the consumers since a rate drop leads to a mandatory profit margin drop to match.