Did someone say "greedflation"?
this post was submitted on 07 Jun 2024
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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.
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)
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.
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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Unregulated capitalism will be the death of us all.
Capitalism will be the death of us all.
Only once there's no longer a profit in keeping us alive.
So we've got a couple good years left in us!
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Just a reminder from a very price sensitive shopper that ALDI barely raised any prices through all of this bullshit.
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...
I started shopping at Aldi almost exclusively and it's been fantastic.
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.)
Same with Winco
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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Collusion
Isn't the next step more shrinkflation? Lower sticker prices, but also reduced size products to keep profits right where they're at now.
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.
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.
News reads more and more as advertisement. "Walgreens just lowered prices!" is what I'd expect to see between news stories not in them.
Greedflation. Call it what it is.
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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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!
Remember: If you see someone stealing food from a large company store... No you didn't.
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Dont let em sit satisfied on these pitiful reductions either. Make them drop enough to at least undo some of their thievery
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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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.
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.
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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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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