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Gov't decides how much utilities can make. Your electric company, water, natural gas, & to a lesser extent, telephone, & cable providers.
Should I list everything that doesn't have government mandated profit restrictions? It may take me a year or so, as there are literally millions and millions of them. Are you suggesting government price setting for everything? If not, what are we supposed to glean from your list?
Last edited by YourWakeUpCall; 04-06-2023 at 12:02 PM..
Companies will price their products to what the market will bear, and due to COVID policies the market was FLOODED with 10's of billions of easy money giving people a lot more purchasing power. Companies logically captured that money leading to inflation, which led to profit.
The monetary policy caused inflation, not profit-seeking.
Such an obviously wrong article which is very confusing from this Economy Policy Institute. So I dug in, and not surprisingly, this is a leftist activist organization that is woke as woke can be.
This is not an economic think tank, it's just another in a long line of groups trying to force this American Cultural Revolution
Good luck there, I can't even get anyone to defend that the analysis is fair (it isn't) and we're getting gaslit that 6 years of data somehow proves this has no historical precedent.
The answer to "big corporations" is NOT big government.
Big government creates big corporations by quashing small businesses with high taxes and burdensome regulations.
Only the biggest companies with the most resources and influence survive, while the little guy that Democrats pretend to care about struggles and flounders.
If a Republican were in office this whole situation would still be going on and all we would be hearing is how it is the fault of the COVID policies, supply chain, and of course the dems blocking policies that would make life a bowl of cherries for everyone.
Instead, since Dems are in charge, we basically get the Dem part with little to no mention of the issues caused by the COVID period. And of course any positive economic news that is put out right now is either fake or a deception of reality according to the right.
If the Republicans were in charge they would re-open the Keystone XL pipeline project and ALL of the worlds problems , including inflation, would be solved instantly.
If the Republicans were in charge they would re-open the Keystone XL pipeline project and ALL of the worlds problems , including inflation, would be solved instantly.
From that one action?
No, of course not.
But running the country with that type of mindset would certainly go a long ways.
It takes a special dedication to partisan stupidity deny that the economy was much better during Trump's administration.
Companies are starting to prioritize profit margin rather than volume.
Similar to what some car dealers are doing in regards charging over MSRP for some vehicles.
Also similar to how home builders are building "luxury" units rather than more affordable homes.
One of the major consequences of the huge income/wealth gap and the declining middle class. Something which the near-zero interest rates and QE of the Central Banks have contributed to.
Really? I thought, it was Trump and Putin's fault?
Anyhow. There is a major inflation going on that no one speaks of. Production inflation. It is hovering somewhere around 27%. When it reaches 40%, the economy collapses.
Anything bad that happens is the other party's fault.
Companies are starting to prioritize profit margin rather than volume.
Similar to what some car dealers are doing in regards charging over MSRP for some vehicles.
Also similar to how home builders are building "luxury" units rather than more affordable homes.
One of the major consequences of the huge income/wealth gap and the declining middle class. Something which the near-zero interest rates and QE of the Central Banks have contributed to.
Is this comment a joke?
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