Anyone that listens to him is a fucking moron.
this post was submitted on 16 Aug 2024
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The reason publicly traded companies continually raise prices is the pressure from Wall Street to continually make more money than you did last month, last quarter, last year.
Say you sell 1,000,000 hamburgers and make a 20% profit on it.
Unless you make more money next year, selling that same 1,000,000 hamburgers, Wall Street is going to punish you. They don't care that you're profitable.
You either sell more burgers or raise prices.
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I genuinely wish we lived in the world they fear so much
Same
Well of course paying lower prices is clearly communist /s
Surely linking affordable groceries to communism will make affordable groceries less popular rather than communism more popular.
Arise, you prisoners of starvation!
Arise, you wretched of the earth!
For justice thunders condemnation.
A better world's in birth.
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Yes, if cheaper groceries are communist, then I’m ready for my hammer and sickle.
then I’m ready
Then WE'RE ready, comrade.
I think there is a difference between price-fixing and putting a stop to price-gouging.
Fucking called it. That's all he knows to do.
Wait... wasn't he just giving a "press conference" about how grocery prices have gone up? If not price controls, what will hinder price gouging?
More tax reliefs for rich people.
Tax cuts for the elite. It will trickle down to cheaper groceries. Read the art of the deal already.
We need to De-Woke the agricultural sector. There are too many regulations. Not enough people can keep a cow in their back yard and sell milk to the neighbors.
Retvrn to Tradition!
Just... not anywhere close to Trump-owned real estate.
Oh, I think there should be a cow and a chicken hutch in every Trump Towers lobby.
backyard chickens in cities.
Of course going vegan could also lower prices.
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Weren’t you paying attention? He’s not going to use price controls, he’s going to use container size controls.
It can’t be communist if it’s big!
the shrinkflation shall continue until his tiny hands can wrap themselves around a can of diet coke.
Like that picture of Shaquille O'Neal with the water bottle?
Only he can do it. With big numbers, the best. I mean low
He will simply tell the companies they have to lower the prices, and they will say "no way" and he will say "way".
Problem solved.
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Only by giving massive amounts of no-strings-attached government money to Smithfield and ConAgra while lightly scolding them about shrinkflation can we address high grocery costs!
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I mean... Price control is kinda anti-capitalist, he's not wrong.
And no I will not vote for Donald Trump.
I need to eat every day whether it's profitable for Jim Perdue or not. Capitalism is a terrible way to run food distribution or healthcare.
The problem is that it's anti free market.
You can make regulation for standards of quality and transparency, and regulation against unfair business practices and monopolies.
These things stimulate fair competition, and help consumers make good choices. Which generally result in fair value for consumers.
But you can't dictate prices, it never works and it has been tried many times in many countries, and every time the result is shortage of the price regulated items.
If the price is set so low there are no profits, the goods simply disappear from the market. Nobody wants to work for free.
If the price is set high enough for companies to still profit, it has little or no effect in a competitive market anyway, and is unnecessary.
It might even keep prices higher, because the industry sees it as a floor they don't need to go under, and it works like a cartel price setting.
We don't have a true free market anyhow. Corn subsidies (among other policies) anyone?
A market can never be truly free, it needs to be regulated to work. Sometimes subsidies are needed to prevent possible shortages from year to year.
Subsidies are not to promote a free market, but to secure production.
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Price control is kinda anti-capitalist, he’s not wrong.
It's authoritarian, but still very capitalist in function. The state is regulating the rate at which you can raise prices, not who profits from the sales.
And no I will not vote for Donald Trump.
I wouldn't lose too much sleep over the decision. In the end, I predict this election will be decided 6-3.
I wouldn't lose too much sleep over the decision. In the end, I predict this election will be decided 6-3.
Only if they agree to hear the case. I'm not sure ACB or Gorsuch like him as much as people think. The elections are run by the states. Unless a super close Florida Bush/Gore situation happens I doubt it will even reach the SC.
The elections are run by the states.
Nevada, North Carolina, and Georgia all have Republican governors.
NC governor is a Democrat (and was on Harris's short list for VP)
While the legislature is Republican run our AG & Secretary of State are both Democrats and it will be quite difficult for Republicans to gum up the election I'm sure they will try though
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The informed consumer is a great price control in the free market.
This is why I don't buy whatever crap that Trump flogs or for that matter tic tacs.
The informed consumer is a great price control in the free market.
What does that even mean? We all see prices rising.
Price controls could lead to shortages, which is reportedly common in Communist countries—which I'll concede to Trump;
however, Trump is hardly better with his flogging crap, the encouragement of stupidity, the anti-science, and the tariffs—why do Trump supporters—presumably a vast majority being consumers—support tariffs, quotas, and seem indifferent to IP ("intellectual property") trolls and their lobbies? Why do they oppose abortion (and perhaps contraceptives) when fewer children means less need to purchase stuff?
Perhaps price controls for basics are needed, but this is not the ideal; and if you support price controls because you favour socialism, then again, Trump is kinda right here.
note: if I was American, I would not vote for Trump or pretty well any Republican.
Price controls could lead to shortages
Nope. That's just the line the profiteers feed the most gullible of their victims so they'll defend their corrupt practices.
which is reportedly common in Communist countries
You know what's also common in nominally communist countries?
Government corruption, wealth and power being concentrated in the hands of a few privileged people, and that privileged class tricking their victims into being their advocates.
Exactly like capitalism in general, and especially US capitalism.
which I'll concede to Trump
Well that's just stupid and unnecessary. It's not like he has a point or anything. he's just throwing buzzwords at the board and seeing if any sticks
why do Trump supporters—presumably a vast majority being consumers—support tariffs, quotas, and seem indifferent to IP ("intellectual property") trolls and their lobbies? Why do they oppose abortion (and perhaps contraceptives) when fewer children means less need to purchase stuff?
For the same reason that you think price controls lead to shortages and that any country calling itself communist is an accurate representative of what communism is: lots of internalized propaganda.
Disclaimer that shouldn't be necessary: I'm not a communist or in favor of communism. It's far too authoritarian, inflexible, and unprepared for when the real world doesn't correspond with theory.
Perhaps price controls for basics are needed
No "perhaps" about it. The profiteers have demonstrated that they will always raise prices when not forced not to, far beyond their customers' ability to survive in the long run. It's long past time to make social murder illegal.
but this is not the ideal
No, the ideal is that all companies are worker owned co-ops so that the socially good and the fiscally good are inseparable so that there's no systemic incentive to profiteering.
We're not getting there within any of our lifetimes, if ever, though, so let's focus on what is already possible and necessary: price controls.
if you support price controls because you favour socialism
Nah, I support price controls because they're necessary to reduce a pandemic of standardized plundering of the poor. Call it socialism or don't, just get that boot off my neck.
then again, Trump is kinda right here.
Nope. Not even kinda. He doesn't know what communism is any more than he knows what asylum is, how to prevent forest fires, or how to deal with hurricanes.
The man is a colossal idiot who happens to be tragically effective at self-promoting. He's also a fascist and the poster boy for malignant narcissism.
You do not, under any circumstances ever, have to concede ANYTHING to him as, even on the incredibly rare occasion that he's right about literally anything, he got there by accident.
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We were talking about price controls, I failed to see how any of that well known stuff is related. Spend more time focusing on your own country.
I mean... Price control is kinda anti-capitalist,
Good. Fuck capitalism.
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IDGAF what they call it. Lower the damn prices! Sacrifice a billionaire to the capitalist god or something.
Maybe $10 000 to each person per year in food stamps, and $5000 extra payment if they maintain a BMI under 25.
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You have to keep sacrificing the billionaires to the Invisible Hand until market equilibrium is restored.
Trump called it "the Maduro plan" and I'm laughing. What an idiot!
I should have known, when I read all the comments posted under the story I read about it earlier. Nonetheless, there is the ongoing issue wrt Palestinians and their plight.
there is the ongoing issue wrt Palestinians and their plight.
which is why we shouldn't (totally) dump on Oliver, Stein, and West.
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https://www.telegraph.co.uk/us/politics/2024/08/16/harris-lower-grocery-prices-trump-brands-policy-communist/