• Ronin_5@lemmygrad.ml
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    1 year ago

    How prices are set, is that it’s a deviation from previous prices.

    So if supply driven inflation from covid has been made the baseline, (lack of supply resulting in low inventory and higher prices) then that’s an equivalent to a free pass to increase prices from suppliers and retailers.

    • Marxism-Fennekinism@lemmy.mlOP
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      1 year ago

      then that’s an equivalent to a free pass to increase prices from suppliers and retailers

      That’s the quiet part they’re not allowed to say.

      • Ronin_5@lemmygrad.ml
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        1 year ago

        I remember in 2020 I was doing analysis on this situation and found a trend that there’s massive inflation after every recession. And since this was a massive recession, I kind of expected that this would happen.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
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      1 year ago

      I love how the question of what actually causes inflation is never actually addressed in the mainstream. They just keep acting like it’s some mysterious force acting on the economy that nobody understands fully. Meanwhile, the answer is very simple. Prices are set by people who own businesses. Inflation is just a result of business owners choosing to raise prices because they want to raise their rate of profit. That’s literally all it is. Inflation in capitalist economies is a direct result of the capitalist class leveraging the fact that they own the means of production to raise the cost of living for the working class.

      • Ronin_5@lemmygrad.ml
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        1 year ago

        Yea pretty much. If businesses are exposed to circumstances that makes them think they they can get away with increasing profits, they will.

        So increased velocity of money, richer customers, more demand for their products, etc. will all contribute to that decision.

      • Marxism-Fennekinism@lemmy.mlOP
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        1 year ago

        Turns out capitalist State media refuses to cover the problems caused by capitalism the same way the accuse socialist State media of refusing to cover the problems caused by socialism!

  • Yerbouti@lemmy.ml
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    1 year ago

    There was one of those guide in my local newspaper a little while ago. One of the 10 advice they gave was “make a garage sale”. Ok, will do thanks.

  • Blapoo@lemmy.ml
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    1 year ago

    Don’t buy anything. What you do buy, buy local. That’ll teach these assholes.