• 21Cabbage@lemmynsfw.com
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    10 months ago

    Almost like economic indicators don’t have the weight on the general population that the wealthy would like us to believe.

    • oatscoop@midwest.social
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      10 months ago

      They have significant weight on the general population: layoffs, actual inflation decreasing value of wages, etc.

      The problem is corporate greed and artificial scarcity also have a significant impact on the general population.

    • doctorcrimson@lemmy.world
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      10 months ago

      Well, inflation does affect people, but more than that corrupt businesses can push the prices up even if inflation goes down.

      • 21Cabbage@lemmynsfw.com
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        10 months ago

        Right, grocery store prices and just general corner cutting in said stores has gone up faster than inflation, at least in my experience.

      • intensely_human@lemm.ee
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        10 months ago

        Corrupt businesses can only do that if they’re in a situation without competition.

        With competition in play, they can’t just push up prices arbitrarily without losing business to their competitors.

        A situation without competition between businesses is more like a corrupted market. I guess the businesses are themselves corrupt too, to be participating in such a price fixing cartel, to take the opportunity provided by the corrupted market, but the only reason they’re able to is if their competition has been eliminated.