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This is a really weird article "The women-led grocery store boycotts of the 1960s in the US were ultimately unsuccessful, and inflation was only stamped out ye
by narutosasuke 3y ago
This is a really weird article
"The women-led grocery store boycotts of the 1960s in the US were ultimately unsuccessful, and inflation was only stamped out years later by the Federal Reserve hiking interest rates to punishing levels. But today’s consumers have a far more effective tool than placards — social media. "
K. So it hasn't worked in the past and Federal Reserve Hiking did?
"Leaving a one-star Google review for a price-gouging local business or a TikTok campaign against a bigger target might sound anti-business. But in fact it’s far better for the economy (and stock prices) than massive rate hikes that cause unnecessary unemployment. "
This borders on parody. Individuals are supposed to figure out what price increases are necessary and which are price gouging themselves. I hear people shout price gouging when a restaurant has to increase their burger prices, this is a nonstarter and will simply be noise.
"So far, consumers have mostly gone about tackling inflation quietly by, for example, switching from household-name brands to supermarkets’ cheaper private-label goods, turning to no-frills stores like Aldi and Lidl, or making products last longer."
So the brands that increase their prices too much suffer and the ones that don't lose customers. Why are you writing this article?
- stephen_g 3y agoThe rate hikes just coincided with the energy crisis easing, which actually did resolve inflation, so I still strongly believe the hikes themselves didn’t do anything to help bring down inflation (but did cause unnecessary unemployment). But yeah, the grocery store boycotts wouldn’t have done anything either…
- crmd 3y ago“Greed is good”, say the capitalists, except in the case of rising workforce salaries which is bad and requires intervention by the Federal Reserve.
- readthenotes1 3y agoGreed is the necessary evil of capitalism. Fair markets are the necessary counter.
- tourmalinetaco 3y agoAlso, notice how they specify leaving negative reviews for “local businesses”, and not focusing on the big companies that can afford to lower their margins. And then, continue on to say we are suffering “quietly” by reducing the money we give name brands. This is an article trying (and failing) to convince people to complain on social media and continue to spend money on expensive name brand foods, rather than taking actions that hurt megacorp bottom lines.