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Economy

Farmer-Rick

(11,610 posts)

1. The highest prices for the least product or service

Reply to peppertree (Original post)

Thu Jul 6, 2023, 08:52 AM

Jul 2023

It's how capitalism rolls.

This ensures inflation, poor quality, poor safety, bad service, less availability and reduced variety.

Just look at the fresh vegetables a chain grocery store carries. The huge variety of tomatoes, radishes and beans are whittled down to 1, 2 or 3 at most. When I sold radishes at the farmer's market, I sold over 15 varieties with specials on 4 to 5 more varieties. Traditional markets allow for variety and competition. Capitalism, especially corporate capitalism, encourage monopolies, low wages and monotony.

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Highlight:

The ECB and IMF confirm: "Inflation is mainly driven by companies, not wages." [View all] peppertree Jul 2023 OP

The highest prices for the least product or service Farmer-Rick Jul 2023 #1

Sad but true - especially when allowed to regulate themselves peppertree Jul 2023 #2