320
Americans Continue to Name Inflation as Top Financial Problem
(news.gallup.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 May 2024
320 points (100.0% liked)
News
31312 readers
3055 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
Greed is just one part of the equation of higher prices. You also need opportunity. If prices ramped up so rapidly without a plausible excuse, then it would lead to an investigation. Hell, the egg producers took their excuse of bird flu too far and jacked up prices about 6x, which was so ridiculous that it did lead to the threat of an investigation and that alone magically got the price down to "only" about 2x.
Which part of the equation is it?
Like how much greed gives you 1% higher prices? How do you measure greed?
It doesn't map so simply. Greed will try to push prices up as high as possible, but what's possible depends on other factors. People can understand how a global pandemic causing supply issues would lead to higher prices, but greed took full advantage of that understanding and pushed it far beyond limits.
It didn't push beyond limits, greed pushes the price exactly up to the limit people will pay.
That's like claiming that no one gets scammed because they were willing to participate.
Usually a scammer doesn't uphold his end of the contract. They promised you something, but you didn't get it.
That's not the case here
There are many scams and a lot of them don't involve a contract at all. There are also ones that do involve a contract and upholding it is part of the scam. Regardless, you missed the point that just because someone pays the price, doesn't mean everything is fine and dandy.
There's an implied verbal contract when you say you're providing a service and you are in fact not.
My point is that a lot of people are fine with paying the price they are paying. The people who are not can just stop