I don’t think corporate greed is a poor excuse though.
All prices in the UK have gone up by substantial amounts over the last 5 years. While at the same time these massive corporations have recorded record profits.
If the price increases were purely inflation then it would stand to reason that profits wouldn’t have gone up so much. Clearly they’ve used inflation as an excuse to squeeze consumers as much as possible.
I am talking generally here and not specifically about eggs.
Is it truly your belief that corporations were not greedy over the last 15 years, but somehow got really greedy at the same time that there were major supply chain shocks across the planet? Or is it more likely that “corporate greed” is a more enticing answer to a complex economic problem?
If the price increases were purely inflation then it would stand to reason that profits wouldn’t have gone up so much
During inflation, the value of EVERYTHING goes up. Companies pull in more money because money is not worth as much as it was
Oh you’re misunderstanding me. I’m not saying corporations started being greedy over the last 5 years. I’m saying that they turned up the dial as far as they could. They’ve always been greedy.
By greedy I mean they have to extra t value for shareholders. Then you have pensions, UK at least, tied to the stock market making it almost impossible to change the system due to the fact we need to account for the elderly and we refuse to increase taxes by a substantial amount on obscene wealth.
Ok thanks.
I don’t think corporate greed is a poor excuse though.
All prices in the UK have gone up by substantial amounts over the last 5 years. While at the same time these massive corporations have recorded record profits.
If the price increases were purely inflation then it would stand to reason that profits wouldn’t have gone up so much. Clearly they’ve used inflation as an excuse to squeeze consumers as much as possible.
I am talking generally here and not specifically about eggs.
Is it truly your belief that corporations were not greedy over the last 15 years, but somehow got really greedy at the same time that there were major supply chain shocks across the planet? Or is it more likely that “corporate greed” is a more enticing answer to a complex economic problem?
During inflation, the value of EVERYTHING goes up. Companies pull in more money because money is not worth as much as it was
Oh you’re misunderstanding me. I’m not saying corporations started being greedy over the last 5 years. I’m saying that they turned up the dial as far as they could. They’ve always been greedy.
By greedy I mean they have to extra t value for shareholders. Then you have pensions, UK at least, tied to the stock market making it almost impossible to change the system due to the fact we need to account for the elderly and we refuse to increase taxes by a substantial amount on obscene wealth.