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Free Market theorist
(lemmy.world)
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this post was submitted on 24 Dec 2023
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I am not even saying that capitalism is remotely acceptable but prices going up doesn't imply inefficient of the system. Inflation could be a reason and inflation says nothing about efficiency.
Shit on capitalism. Be my guest. Just don't make bad arguments.
Ok explain why the prices in my local supermarkets go up every three weeks. Go ahead. Whats the argument.
I'm not an expert in macroeconomics but I'd say some global effects are likely due to the invasion of Ukraine (global exporter of wheat) ABC News and US Gov, the rising price of oil (some fertilizer uses fossil fuels)NBC, and possibly that the world has changed due to Covid and that a lot of things had shifted along with it CNN. A country that once was in the top 5 of grain exporters dropping off the global map is going to shake things quite a bit and oil unfortunately affects so many different markets.
Thank you for the explanation :)
I know all this. We can go through all sorts of explanation to see why, it still does not make it okay.