this post was submitted on 07 Jun 2024
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[–] Ragdoll_X@lemmy.world 110 points 5 months ago (4 children)

Did someone say "greedflation"?

[–] InternetUser2012@midwest.social 78 points 5 months ago (1 children)

When I can go to a sit down restaurant and have a fresh cooked meal for less than going to mcdonalds, something is wrong. I will never eat there again. Pay more for less, and it's absolute trash.

[–] taiyang@lemmy.world 23 points 5 months ago

Isn't that wild? My favorite mom and pop shops are at least 33% less expensive and made with solid ingredients (especially real ice cream milk shakes lol)

[–] Phegan@lemmy.world 17 points 4 months ago

I wouldn't recommend making this into a sticker and putting it on the door of these places so people can see. Don't do that, it would be vandalism.

[–] volodya_ilich@lemm.ee 5 points 5 months ago

Almost as if in capitalism, a system where companies are free to choose their prices, inflation could be caused by companies choosing to rise their prices...

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[–] henfredemars@infosec.pub 95 points 5 months ago (1 children)

Unregulated capitalism will be the death of us all.

[–] pelerinli@lemmy.world 66 points 5 months ago (5 children)

Capitalism will be the death of us all.

[–] Seraph@fedia.io 22 points 5 months ago

Only once there's no longer a profit in keeping us alive.

So we've got a couple good years left in us!

[–] Pistcow@lemm.ee 11 points 5 months ago (2 children)

The death of us all will be the death of us all.

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[–] psycho_driver@lemmy.world 94 points 5 months ago (8 children)

Just a reminder from a very price sensitive shopper that ALDI barely raised any prices through all of this bullshit.

[–] Trainguyrom@reddthat.com 38 points 5 months ago

My weekly grocery bill rose from about $80/wk at Aldi to about $110/wk at Aldi in the last 3 years while my shopping has largely remained almost identical. That's an increase largely in line with overall inflation during the same period.

Also during that same period my house nearly doubled in value for...reasons I guess? I seriously cannot afford to buy a new house in the current housing market so something is going to give at some point...any decade now...

[–] Lev_Astov@lemmy.world 20 points 5 months ago (1 children)

I started shopping at Aldi almost exclusively and it's been fantastic.

[–] dalekcaan@lemm.ee 8 points 5 months ago

My only complaints about Aldi are that the selection is a bit limited (though they often have some interesting stuff in the "aldi finds" section) and the produce can be a bit hit or miss, but I always do the bulk of my groceries there, then get the rest at Kroger. (Their prices aren't great, but they're the cheapest in my area beside Aldi.)

[–] quicksand@lemm.ee 15 points 5 months ago (2 children)
[–] Anticorp@lemmy.world 6 points 5 months ago

I love WinCo! They have such great prices and so many options. They even sell this pre seasoned carne asada taco beef that is fucking amazing! I've never found it anywhere else. It tastes like legit Mexican carne asada tacos.

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[–] callouscomic@lemm.ee 38 points 5 months ago
[–] jettrscga@lemmy.world 34 points 5 months ago (2 children)

Isn't the next step more shrinkflation? Lower sticker prices, but also reduced size products to keep profits right where they're at now.

[–] bulwark@lemmy.world 17 points 5 months ago* (last edited 5 months ago)

True. I'm sure the part they're not reporting is they reduced prices by 5% but didn't mention they also reduced per product quantity by 10%.

Just enough for customers to not notice but think they're getting it for cheaper, while actually paying more per unit of quantity.

[–] Shelbyeileen@lemmy.world 14 points 5 months ago

They are already doing this. Aldi raised their Elevation protein bars by a few pennies, compared to the competition raising prices by dollars; BUT they dropped in size by a THIRD. So people think they're getting a great deal, but are only getting 2/3 of the product they used to.

[–] UnderpantsWeevil@lemmy.world 25 points 4 months ago

News reads more and more as advertisement. "Walgreens just lowered prices!" is what I'd expect to see between news stories not in them.

[–] billwashere@lemmy.world 18 points 5 months ago

Greedflation. Call it what it is.

[–] 01189998819991197253@infosec.pub 16 points 4 months ago (4 children)

Pretty sure laws exist that are supposed to prevent price gouging, but they require a government that actually enforces said laws...

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[–] Suavevillain@lemmy.world 16 points 4 months ago (1 children)

Corporate Greed will lead to humanity's end.

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[–] _sideffect@lemmy.world 16 points 4 months ago (2 children)

Honestly, I was never a fan of theft, but these big corporations deserve it after these past 3-4 years.

I root for everyone stealing clothes and food from Macy's, walgreens, etc.

Just DON'T steal from your local mom and pops store!

[–] Snowpix@lemmy.ca 10 points 4 months ago (1 children)

Remember: If you see someone stealing food from a large company store... No you didn't.

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[–] Sam_Bass@lemmy.world 13 points 5 months ago

Dont let em sit satisfied on these pitiful reductions either. Make them drop enough to at least undo some of their thievery

[–] Beaver@lemmy.ca 10 points 4 months ago* (last edited 4 months ago) (1 children)

Canadians will force our grocers to do the same by crushing loblaws.

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[–] WoahWoah@lemmy.world 9 points 4 months ago* (last edited 4 months ago) (2 children)

Businesses reduced prices when people started buying less of their product? HOW COULD IT BE.

Everyone wants a ton of cheap shit and they feel like price is owed to them. You want prices to be lower for shit? Stop buying shit. I assure you, that will really freak them out.

You want to see CEOs lose their jobs? Stop buying shit. You want to see the managerial class shrink? Stop buying shit.

The fact remains, no one is going to stop buying stupid shit. The entire global culture, to varying degrees but with few exceptions, is tilted towards consumerism.

Everyone keep doing what you're doing. Everything is fine. No cause for panic. You don't need savings. You don't need property of any sort. Want a song? I'll rent it to you. Want to live somewhere? I'll rent it to you. Movie? I'll rent it to you. Education? I'll loan it to you.

There are people with property, and those allowed to use it for a fee. Welcome to neo-feudalism.

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[–] PhlubbaDubba@lemm.ee 8 points 5 months ago (6 children)

I don't think there should be price caps, but, I think we could get somewhere having a maximum amount you're allowed to raise your prices by in a single year and how long you have to take to get there.

I think this rate should be tied to federal interest rates to create a competing class interest to the owner class wanting interest rates to stay low forever even if it breaks the bank for everyone else.

[–] Bob@midwest.social 27 points 5 months ago (1 children)

I mean, just break up the massive corporations. Capitalism requires seller competition in the marketplace in order to provide an incentive to drive down prices. If there are too few players, they can easily make unspoken agreements to fuck over consumers.

[–] PhlubbaDubba@lemm.ee 13 points 5 months ago (3 children)

The problem is we have historical evidence to show that that doesn't exactly work. Standard Oil's broken up parts have mostly been able to informally collude with one another on "turf" and in some cases even defy having been broken up to reacquire each other.

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[–] Juice@midwest.social 6 points 4 months ago* (last edited 4 months ago)

Marxists: inflation isn't caused by increase in wages that drive up demand, its caused by companies conspiring to increase prices. This was proven 125 years ago in Value, Price and Profit...

Non-Marxists: god can't you ideologues just stop repeating the same outdated theories? There's no conspiracy, class isn't real

Inflation: happens

Workers: I think there's a conspiracy to raise the prices of things because wages went up

Corporate and government overlords: no, you see increase of wages creates increase in demand of goods which increases prices, I went to Yale

Workers: i just got a raise and yet I can't afford to eat anymore

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