this post was submitted on 19 Aug 2024
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While that all sounds sane and rational, it's a sad fact the price trend does not appear to go both ways. Do you believe that food prices will go back down after supply goes up?
The rational part of me thinks "yes, of course". The cynical part of me thinks, "no, of course not, aritificially limiting supplies would be too profitable."
its like selling us renewable energy technology via the argument: "why not use the energy of the sun and the wind, its free!" yet energy gets more and more expensive. inflation is a great tool to extract more and more money out of you. its very subtle and slow. but its a scaling effect that really pays out for someone on the receiving end.
Macroeconomics 101 would tell you no, prices won't go down because prices are sticky. Like your salary for example, just because a business is doing poorly your wage won't go down.
I won't get into the weeds about it, but if Ukraine was magically restored tomorrow, prices wouldn't go down but it would help prices from going up faster.
If we see prices go down that's a bad thing, and we are in for a rough time.
I have never in my life witnessed a price going down, so no they won't.
They are not "competitively" pricing their shit anyway. The only competition the megacorporations hold is on who can be the bigger, greedier asshole and get away with it.