While blaming inflation for rising prices, the country’s biggest food and restaurant companies are raking in billions and showering shareholders with payouts

5 comments

1. As food costs have skyrocketed for Americans, some of the country’s biggest chains and grocery brands, including General Mills, PepsiCo, and Tyson, have blamed the price hikes on supply chain issues and economywide inflation. But behind the scenes, these companies have expanded profits and quietly authorized billions of dollars in lucrative stock buyback programs and dividend payouts to shareholders.

2. LOL the dem blame continues.

3. Why do we keep bothering with these news stories , I more surprising news article would be of one of the companies lowered prices or did something that wasn’t blatantly capitalistic

4. Economist Polanyi’s The Great Transformation, said it well:

   “Our thesis is that the idea of a self-
   adjusting market implied a stark utopia.
   Such an institution could not exist for
   any length of time without annihilating
   the human and natural substance of
   society; it would have physically
   destroyed man and transformed his
   surroundings into a wilderness.”

   Polanyi argued that the self-regulating market represented a utopian ideal that is at odds with both man and nature, as it actively seeks their destruction.

   The four major food corporations that control our food supply, a monopoly for sure, is not good for the price of our food and it cannot be good for independent farmers.

5. All the would-be and actual economists in this forum deny that greed and price gouging have the slightest impact on inflation. According to them, inflation is caused by the government printing money, and corporate choices can’t possibly be to blame.