6 ms·
The economist is a nonsense idea. Already been shown that inflation is being abused to raise prices in many places. Now it might not have started this mess, b
by wouldbecouldbe 3y ago
The economist is a nonsense idea.
Already been shown that inflation is being abused to raise prices in many places.
Now it might not have started this mess, but it's for sure keeping it going.
It's the ECB itself, normally Unilever's friend, who argued such: https://www.theguardian.com/business/2023/jun/27/corporate-profits-driving-up-prices-ecb-president-christine-lagarde https://www.theguardian.com/business/2023/jun/27/corporate-p...
Now fair enough, the ECB should point the finger at itself for it's monetary policy.
- lukas099 3y ago> inflation is being abused to raise prices Inflation is the rising of prices. If prices are rising around you, it makes sense to raise your own prices. Just like it makes sense for workers to look for raises (i.e. raise their prices).
- wouldbecouldbe 3y agoYeah if you think the stores didn't use the general price hike and took advantage of it you our pretty gullible. According to the ECB itself it was the corporates who were the main driver & cause: theguardian.com/business/2023/jun/27/corporate-profits-driving-up-prices-ecb-president-christine-lagarde
- lukas099 3y agoIs it 'abusing' inflation if I ask my company for a larger raise due to inflation?
- wouldbecouldbe 3y agoYeah if its more then the inflation itself and you are doing it under the guise of inflation it's manipulative. Lots of products jumped 50% in grocery stores here, main argument was gas prices, then gas prices went down, still prices went up. And record profits as well.
- lukas099 3y agoI think that companies are always trying to make the most profit per unit sold. Inflation may have provided a stimulus that led to the companies being able to increase their prices, even beyond the increase in costs, but the inflation had to already be there for this to happen. I don't think it's really abuse; they are free to charge whatever they want.
- deciplex 3y agocapitalists never let a good crisis go to waste
- pauldenton 3y agowe need only see how the government reacted since March of 2020 to see how they react to crisis The government vetoed business, not the other way around. That's why do many shops were shut down or had signs blocking you from buying "non essential" goods Deciding who is essential who is not is deciding who goes bankrupt and who makes record profits.
- 1letterunixname 3y agoThe Economist cares about pushing the baseless opinion of their unnamed editors. They're a rag without the courage to name or give credit to their writers.