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there's significant evidence that this is due to corporate price gauging. though it is fair to point out that this type of system does require a few other chan
by r14c 2y ago
there's significant evidence that this is due to corporate price gauging.
though it is fair to point out that this type of system does require a few other changes in the corporate incentive structure. shareholder primacy for one, would have to go. you can't really be a shareholder profit maximalist and provide a consistent standard of living for everyone in your society, because every possible penny is supposed to end up in the shareholders pocket. even if you could technically build more long-term wealth by investing in things like education, infrastructure, and affordable housing.
- prepend 2y agoCorporate price gouging is only due to increase in consumer funds. Companies want to price gouge all the time, but were only able to do so because everyone, especially lower income people, had extra cash. Good luck introducing price controls on basic goods like groceries. Otherwise, things like UBI will increase inflation.
- r14c 2y agothat's addressed in my comment :)
- prepend 2y agoI don’t think it is. The price increases due to additional cash would not be addressed by restructuring corporate profits. Unless you want to do away with corporations all together and go full communist. If people have more money, they will spend it. Since things are fixed, then prices will go up. That’s what happens when you increase money. You get inflation. You didn’t address how to stop that.