Greedflation: corporate profiteering ‘significantly’ boosted global prices

[blackpowder]

Companies naturally consolidate over time toward monopolies. Broken occasionally by necessity or calamity.
Staying focused on that risk requires, if that's your desire, less Wizard of Oz distractions.

[blackpowder]

The third time I read that article I realized it was written by/for a child.

[AlbertaFarmer5]

The third time I read that article I realized it was written by a child.

Only because the intended audience are children. Or those with the fiscal literacy of children.

[blackpowder]

Exactly. The IPPR is as qualified on economics as Greenpeace is on energy or food security. And yet here we are on the losing end yet again because of tactics.
Eventually playing the easy card to the masses will hurt us all.

[Guest]

All fairly good stocks to own. Personally and for your pension funds. If we determine a cap on profits, we should establish a subsidy when unprofitable.
I'd like to be your landlord.
Definitely crop share, percentage increasing by my determination of your profits. Funds for growth and maintenance included of course.
By that measure, there should be a tax on John Deere. Or maybe the govt should just own everything. Best way to curb profits. Yes, a Board for everything.
An editorial supporting a wrong world view is also wrong. More fools believing it is the curse.

Looks funny when you see it in print ,lol

[chuckChuck]

More naive denial from the usual suspects that nobody in the business world is overcharging their customers in order to maximize profits? LOL

So are you guys all enjoying the rapid increase in ag machinery parts? If so, it seems like there is still a lot of complaining about getting overcharged, but you still thinks its okay?

Most farmers recognize that rapidly increasing parts prices are not only driven by increasing costs, but the fact that most machinery companies will charge as much as they want to increase profit margins. And since each manufacturer has a monopoly on most unique parts where are you going to go? But you guys don't mind monopolies?

[furrowtickler]

Covid drug makers made billions more during that same time period, why are they not on that list ?

[chuckChuck]

Look them up and see how much profit they made. Trump invested lots of taxpayer money into the rapid development of the covid vaccines.

The companies listed were notable for their very large increases.

[cropgrower]

Trump wanted a vaccine that was tested to work and was safe , thats not what he got , huge lawsuit filled in Texas against pfizer now because they misled everybody

[biglentil]

Chucky yet you love big corps like Pfizer that made billions from the plandemic? Don't you have like 8 of their shots in the past few years. Lol

[blackpowder]

More naive denial from the usual suspects that nobody in the business world is overcharging their customers in order to maximize profits? LOL

So are you guys all enjoying the rapid increase in ag machinery parts? If so, it seems like there is still a lot of complaining about getting overcharged, but you still thinks its okay?

Most farmers recognize that rapidly increasing parts prices are not only driven by increasing costs, but the fact that most machinery companies will charge as much as they want to increase profit margins. And since each manufacturer has a monopoly on most unique parts where are you going to go? But you guys don't mind monopolies?

This post is full of naivete.
But you're not alone. Too many people don't understand the rules of money and are therefore afraid. Ignorance is fear afterall.
They really should teach them in grade school. There are many basic ones, but I'll address this post.
1. Goods trade for what the market will bare.
2. Maximizing profits is fundamental.
You seem to believe there is a choice involved in pricing other than the above. There is not.

It is a disservice to the rules of money and those less intelligent than yourself to fertilize this nonsense.
Please attempt better word selection to get your point across.
Difficult to read when I'm always proofreading.
I don't believe you are that thick unless you have an agenda with people who are.

Greed is a natural, exclusive human trait. Good governance required for honesty and therefore stability.

Support of, and therefore success within, the system requires understanding of the natural laws.

There are no nations today with a purely Marxist system. There were no technology breakthroughs in one.

[chuckChuck]

BP "Greed is a natural, exclusive human trait. Good governance required for honesty and therefore stability. Support of, and therefore success within, the system requires understanding of the natural laws." Huh?

Out of control greed with a relatively very small number of people controlling the majority of the worlds wealth and power is not stable nor fair in in any sense of the word.

Did you teach your kids to be greedy and self centred and not care about the rest of their family or community too? Let the oldest biggest kid eat the cake while the youngest get none?


?

[shtferbrains]

Did you copy and paste that from a description of soviet style communism, Chuck?

[blackpowder]

Perhaps I write too fast. Meant to be read as if spoken aloud.

Greed/gluttony is a natural human trait.
We are all capable.
We control it through wisdom.
Both capacities for which, found only in humans.

Good laws and respect thereof, provide checks and balances.
Allowing the natural laws of economics to benefit everyone.

In some way or another, no matter ability.

It is only natural that money flows towards itself over time.
Wise rules slow it down and redirect it.
Resets occur through regulation or revolution, similar events with largely different levels of pain.
Think of playing Monopoly if it helps.

Doubtful you can find a system of societal governance that isn't susceptible to human weaknesses.
Name one where power didn't consolidate.

If you don't like the admittedly flawed system we are in, please outline a sustainable improved version. I know this one won't last forever.

[Guest]

You are a deep thinker BP
unlike most sheeple