The popular idea that prices should fall to previous lows gives most economists chills. Deflation is bad for everyone, they say.

  • IninewCrow@lemmy.ca
    link
    fedilink
    English
    arrow-up
    13
    arrow-down
    1
    ·
    1 year ago

    Always pointing the finger at people, consumers, average citizens, middle class individuals and governments about what they should or shouldn’t do about the economy … and the expert never addresses the big fat white elephant in the room … CORPORATE GREED and how companies basically took the opportunity of a world in panic to raise prices, make profit and tell people it was due to a global emergency.

    Now it’s the same old sales job as old as time … a loaf of bread originally costs $1 … company raises price to $5 … people complain … company lowers price to $4 and everyone thanks the company for lowering prices.

    Just skimming off CEO bonuses and cutting those profits to their shareholders would probably be enough to bring back prices to what they were before … but no one ever wants to talk about what companies are paying themselves or giving to their shareholders … in political talk and talking points from economists and financial professionals - that’s sacrilegious

    • Cyborganism@lemmy.ca
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      They took all the money out of people’s pockets and now they complain people can’t buy shit. Fucking smooth brain thinking by corporate greedy assholes.

      • kent_eh@lemmy.ca
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        They took all the money out of people’s pockets and now they complain people can’t buy shit

        They are also laying people off, downsizing ang offshoring jobs.

        Who do they expect to still be able to buy their shit when they have no income?