Corporations are money hungry freaks but if you stop eating garbage food you will quickly realize a lot of the worst offenders for food price increases have been in junk food and trash items truly unfit for human consumption.
Simple don’t buy don’t support them
Supply and demand
That food is junk and poisonous
“Blaming inflation on greed is like blaming a plane crash on gravity.”
In economics, all firms are treated as profit maximizers in the same way consumers are treated as utility (satisfaction/happiness) maximizers. Firms have always been greedy, and this is not a recent phenomenon.
The question is not, “Why are firms being greedy?” The question is, “What conditions have occurred or have been created to allow firms’ greed to control markets?”
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Here is a nice article from the Federal Reserve San Francisco that in part explains why using corporate profits is a flawed measure of mark-ups. [https://www.frbsf.org/research-and-insights/publications/economic-letter/2024/05/are-markups-driving-ups-and-downs-of-inflation/](https://www.frbsf.org/research-and-insights/publications/economic-letter/2024/05/are-markups-driving-ups-and-downs-of-inflation/)
Corporations are money hungry freaks but if you stop eating garbage food you will quickly realize a lot of the worst offenders for food price increases have been in junk food and trash items truly unfit for human consumption.
Simple don’t buy don’t support them
Supply and demand
That food is junk and poisonous
“Blaming inflation on greed is like blaming a plane crash on gravity.”
In economics, all firms are treated as profit maximizers in the same way consumers are treated as utility (satisfaction/happiness) maximizers. Firms have always been greedy, and this is not a recent phenomenon.
The question is not, “Why are firms being greedy?” The question is, “What conditions have occurred or have been created to allow firms’ greed to control markets?”