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This isn't the gotcha that you think it is. Inflation is kept at a positive number on purpose. Deflation causes a self-reinforcing spiral that brings everyone's wealth down. If inflation is too high that's a problem too, but it's less of a problem than deflation.
... With that said, the huge amount that prices have gone up recently is caused by corporate profiteering, which is a serious issue that needs to be addressed.
A sane economic take on lemmy?! Blasphemy.
I'll add this; Stop buying shit. I'm not talking rent and food. I'm talking "consumer confidence" stuff. If you don't need it to live, stop.
Example; Ammo got wildly overpriced. So we stopped buying. Like magic, prices tanked! Ain't that crazy?
Of course that's stupid oversimplified, but the basic idea is sound.
Locally, people were bitching about Taco Bell's quality. OK. Stop buying Taco Bell. They'll either crash (that store) or correct. Win-win.
I would love a legislative way to stop corporations from wildly profiteering off our asses, but I don't know what that looks like.
The corporations are absolutely aware that people have stopped being price conscious.
I understand everyone who can afford a $6 case of coca cola can also afford a $12 case. At some point you have to just choose not to buy it, or the price will just keep rising.
I mean, you are the one making the logical fallacy of assuming they are defending the exact opposite... They're basically just saying, "inflation bad", and you come in and say, "deflation bad, too!".
OK? They weren't defending deflation? You even admit inflation has been out of hand lately...
You spelled "corporate market manipulation" wrong.
Efficient at extracting wealth from humans
This doesn’t seem like a correct use of this meme. I’d even allow for something other than the standard “Aliens” if it was something equally ridiculous or nonsensical compared to the first statement, but this isn’t even following the format.
Because it's efficient at transferring wealth upwards.
Normally a strong democracy with multiple parties, checks and balances would help stop this. But the new META in economics is to just buy politicians to do your bidding for you. Kinda hoping the Supreme Court will patch that at some point, but it's not looking likely.
I would be a social democrat for just that reason. But with climate change looming, my options have narrowed.
Definitely harder to patch out features then bugs.
It is efficient, in increasing the wealth of the wealthy.
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.
I thought they were coming at it from a supply & demand angle.
Inelastic demand on food and housing yet prices still go up.
That might be the case but generalized statement that are wrong, are wrong.
Don't generalize to the point of failure of your point. Especially in public, the in-group might understand you but the out-group will misunderstand and judge you and your ideology based on their misunderstanding.
I realize this isn't really the place for this discussion but capitalism doesn't know what the word "efficient" means. Is it efficient to have to buy the same thing twice? Is it efficient to only make cheap shitty and yet still overpriced versions of everything for the consuming public, shit that is designed to fail? Is pollution efficient? Is ruining everyone's lives efficient? Pointless jobs? Rich people? These things are efficient the way fucking for virginity is efficient. The way Elon's Twitter has been efficient. The way shitting the bed is efficient. Which is to say, it's really fucking not.
On the contrary, this is the proof that it is efficient. The right question to make is: Efficient for whom?
Optimized for what objective? Whose objective?
The system is working as intended.
The rich get richer
.... The system is working as intended.
Efficient at producing profit, is essentially what it means. The definitions are utterly twisted.
Which in a properly competed market equals producing wealth for everyone.
The free market is an illusion at this point. The monopolies killed it.
I think you may be right.
It's efficient at exploitation
Capitalism isn't concerned with efficiency, merely the most direct route to monopoly.
Wish more understood this.
Companies that are structured to maximize short term shareholder value need to make extra profits at all costs.
Supply lines were strained during the pandemic, which led to drastic price increases. Supply lines stabilized and the pandemic subsidized. Prices didn’t go down? Why?
Because the companies that set prices need to make more money this quarter to make the shareholders happy. And they bribe the politicians and the judges and the regulators to control the system at every level.
These rich assholes doomed our world to destruction and our “leaders” were too greedy and small minded to stop them.
Enjoy the ride down
Because "number go up" is all the system cares about. Damn you living creatures for opposing it. The system shall prevail.
It's very efficient at extracting wealth from the lower classes.
Guys I love you and support most of the changes you want to make regarding the way we govern ourselves.
But sometimes I see some posts that make me wonder. I want to help solve capitalism and it's problems. So I'm studying macroeconomics I'm studying economic theories in general.
Sorry,and with all due respect, sometimes there are some dumbass posts that show a complete lack of understanding of how things work in the world economy.
This is a meme, not meant to be taken seriously. (Although more people seem to be forgetting this)
As far as dumbasses... Welcome to the Internet
Nice shitpost lol
That's literally the stupidest nonsensical shit I've ever seen, doesn't even make sense.
Greed.
Because regulations
The idiot right
that's what it's efficient at!
Aliens.