And the people aka cattle suffer in silence and acceptance.
They print, we rent.
Inflation is theft from what you earned yesterday.
It’s only hidden if you’re wilfully blind to it, otherwise its painfully obvious.
Fuck the people who keep voting for these shysters.
Glad this is pointed out – that should the be the first point made at each PM questions…
Isn’t this something that we should file under “No shit, Sherlock”.
What’s more important is that there is absolutely bugger all that can be done about it. Corporations can play games with trans-national finance and defeat any attempt to level the playing fields – all costs can be trivially passed on to customers.
I don’t understand this argument. Haven’t corporations, always been “greedy” and sought to maximise profits? Why would that explain the sudden increase in inflation?
Wait shell/BP announcing consecutive record profits while telling us how they’re being forced into their highest ever prices wasn’t a big enough clue???
Hidden?! It’s out in the fucking open!! It’s government backed!!
Oh we know. We just don’t know how to stop it. We protest, we attack eachother for it.
HIDDEN? Corporations have not tried to hide the fact they are greedy bloodsucking leeches, its what they do.
Energy and transportation costs affect everything that is produced, and those companies not passing on the cost savings that we can clearly see in the markets will kill everything else
If only we had a government that cared about the people as apposed to the corp donors!
That is whole point of capitalism though. The big companies did not get that way by playing nice, they got there by being ruthless and destroying the competition by any means necessary. Look back at the history of the likes of Coca Cola, Nestle, Philip Morris, BP, Facebook etc. They all have a history of greed stretching back as far as they go, a history littered with crushed companies, lobbying, environmental damage and much more. Corporate greed is one of the world’s worst kept secrets.
Our governmental overlords are also in the corporate pocket… So nothing will change… which is nice…
Energy and fuel prices driving inflation
Oil companies make record profits
Hmmmm. Maybe these are somehow connected? Not sure, not an economist.
Hidden? Hidden!! FFS. You could only get more seen if you were Trump in dress.
I don’t think that’s as big a scoop as they think it is
‘I have a contract that says my electric is 100% renewable – so why has it gone up.’
‘Ah – its the war in Ukraine’
‘Explain please’
‘Its the way the price of electricity is calculated – its linked to the price of gas, which is affected by the war’
‘but wholesale gas prices are rock bottom at the moment’
‘did I mention the war in Ukraine…’
Btw America and Russia in terms of economy doing really well.
“Will you please tax us we are making to much money” – Many cooperation’s realizing it’s better to pay a little now than lots in the future.
“I can’t hear you over my wanting to punish the poor” -Tories
This idea is the ultimate cop-out. Of COURSE companies charge market prices for their goods – that’s how it’s always worked, and how it will always work. So we can take actions that will actually affect supply/demand levels, and thereby attempt to lower market prices. Or we can impotently rail against “corporate greed”, doing nothing to actually help, but… feeling good about ourselves, I guess?
and the reason it’s happening is because the Tory government is allowing it, because they’ve been bought off by the companies involved.
The fact terms lie ‘tax havens’ is so casually thrown around without ‘jailtime’ included really hints at just how relaxed we’ve gotten about just letting this happen.
Tax simply shouldn’t be dodgeable. No exceptions, no excuses and when they get caught it should be hard jailtime, not paying some fine they can obviously afford without a sweat.
There are far too many very much intentionally legalised loopholes they duck and weeve through. Then giving the people at the top eye watering bonuses for doing so.
Culturally we need to get away from the ‘tax is bad so it’s normal for people/companies to want to avoid it’. This sort of shit is why so many modern countries are in collasal debt, why we have hungry nurses, struggling services across the board.
It has been compounding for decades with it never being properly tackled. We need a governent that finally puts their foot down and isn’t so bloody wishy washy about making the hyper wealthy and corporations just pay enough to make the country they profit able to actually effectively run.
Well I for one am shocked by this startling revelation, I would never have guessed.
I guess we will have to stop the corporate greed by taxing the rich.
There is no hidden cause. It is the Brexit Correction that is returning the economy to the disaster it was in the 1970s. We already have corporate, supermarket, enforced rationing of eggs – cheese and milk is unlikely to be far behind. And tomatoes. Probably.
I would never call something that is shit*t sandblasted into your face as “hidden”.
Ah yes, I remember in 2021 when the corporations got together and decided to be greedy so inflation went up. Before that they were altruistic which was why inflation was low.
It’s not hidden, the major news outlets aren’t covering it in their analysis of what’s driving inflation.
Well I can’t read the article but the headline is bullshit.
Inflation is caused by the BoE’s monetary policy and a shortage of gas
Hidden Cause? We’ve known about this shit for fucking decades.
… hidden?
Didn’t BP report record profits whilst your gran froze to death?
If anyone glances at when inflation becomes a problem it seem far more likely due to top down profiteering than bottom up demands for better pay.
It’s not like companies raising prices aren’t recording record profits.
Wars, pandemics, oil shocks make people vulnerable and a great excuse for people at the top to fill their pockets.
What’s causing Turkey’s (currently 85%). General view seems to be printing money and putting back into economy. Like we have done.
Hardly hidden, it’s in their dividend payouts. 1 greedy person at the top is hard to satisfy with profits, 100 hedgfunds at the top are impossible to satisfy.
Somewhere the drive changed from “Good product and good profits” to “Cheapest possible production and all the money that exists”.
Bingo.
Prices “had” to go up.
Yet profits were at record levels.
Meaning they did not have to go up. Corporations simply didn’t want to take a hit, or, they just capitalised on the crisis to make loads of money.
Prices or profits need to fall in order to get inflation under control. Either pay people more money and keep prices the same, or lower prices and keep wages the same.
edit:
Also, reverse Brexit. Prices have increased due to that in some areas, too.
Its not just corporate greed, but also wealth greed. Often paid loads for land rents, land, owning of businesses etc, and its not uncommon for them to pay next to no tax.
And let’s not forget the thing the Tories have a media blackout on…. The Tory Brexit.
People were warned it would increase prices but they took no notice.
It’s not that well hidden. Most people assumed it was a combo of corporate greed and govt incompetence
Nooo… when have corporations ever shrunk products and charged double….
Hidden? Ain’t hidden. People are just fucking stupid.
41 comments
And the people aka cattle suffer in silence and acceptance.
They print, we rent.
Inflation is theft from what you earned yesterday.
It’s only hidden if you’re wilfully blind to it, otherwise its painfully obvious.
Fuck the people who keep voting for these shysters.
Glad this is pointed out – that should the be the first point made at each PM questions…
Isn’t this something that we should file under “No shit, Sherlock”.
What’s more important is that there is absolutely bugger all that can be done about it. Corporations can play games with trans-national finance and defeat any attempt to level the playing fields – all costs can be trivially passed on to customers.
I don’t understand this argument. Haven’t corporations, always been “greedy” and sought to maximise profits? Why would that explain the sudden increase in inflation?
Wait shell/BP announcing consecutive record profits while telling us how they’re being forced into their highest ever prices wasn’t a big enough clue???
Hidden?! It’s out in the fucking open!! It’s government backed!!
Oh we know. We just don’t know how to stop it. We protest, we attack eachother for it.
HIDDEN? Corporations have not tried to hide the fact they are greedy bloodsucking leeches, its what they do.
Energy and transportation costs affect everything that is produced, and those companies not passing on the cost savings that we can clearly see in the markets will kill everything else
If only we had a government that cared about the people as apposed to the corp donors!
That is whole point of capitalism though. The big companies did not get that way by playing nice, they got there by being ruthless and destroying the competition by any means necessary. Look back at the history of the likes of Coca Cola, Nestle, Philip Morris, BP, Facebook etc. They all have a history of greed stretching back as far as they go, a history littered with crushed companies, lobbying, environmental damage and much more. Corporate greed is one of the world’s worst kept secrets.
Our governmental overlords are also in the corporate pocket… So nothing will change… which is nice…
Energy and fuel prices driving inflation
Oil companies make record profits
Hmmmm. Maybe these are somehow connected? Not sure, not an economist.
Hidden? Hidden!! FFS. You could only get more seen if you were Trump in dress.
I don’t think that’s as big a scoop as they think it is
‘I have a contract that says my electric is 100% renewable – so why has it gone up.’
‘Ah – its the war in Ukraine’
‘Explain please’
‘Its the way the price of electricity is calculated – its linked to the price of gas, which is affected by the war’
‘but wholesale gas prices are rock bottom at the moment’
‘did I mention the war in Ukraine…’
Btw America and Russia in terms of economy doing really well.
“Will you please tax us we are making to much money” – Many cooperation’s realizing it’s better to pay a little now than lots in the future.
“I can’t hear you over my wanting to punish the poor” -Tories
This idea is the ultimate cop-out. Of COURSE companies charge market prices for their goods – that’s how it’s always worked, and how it will always work. So we can take actions that will actually affect supply/demand levels, and thereby attempt to lower market prices. Or we can impotently rail against “corporate greed”, doing nothing to actually help, but… feeling good about ourselves, I guess?
and the reason it’s happening is because the Tory government is allowing it, because they’ve been bought off by the companies involved.
The fact terms lie ‘tax havens’ is so casually thrown around without ‘jailtime’ included really hints at just how relaxed we’ve gotten about just letting this happen.
Tax simply shouldn’t be dodgeable. No exceptions, no excuses and when they get caught it should be hard jailtime, not paying some fine they can obviously afford without a sweat.
There are far too many very much intentionally legalised loopholes they duck and weeve through. Then giving the people at the top eye watering bonuses for doing so.
Culturally we need to get away from the ‘tax is bad so it’s normal for people/companies to want to avoid it’. This sort of shit is why so many modern countries are in collasal debt, why we have hungry nurses, struggling services across the board.
It has been compounding for decades with it never being properly tackled. We need a governent that finally puts their foot down and isn’t so bloody wishy washy about making the hyper wealthy and corporations just pay enough to make the country they profit able to actually effectively run.
Well I for one am shocked by this startling revelation, I would never have guessed.
I guess we will have to stop the corporate greed by taxing the rich.
There is no hidden cause. It is the Brexit Correction that is returning the economy to the disaster it was in the 1970s. We already have corporate, supermarket, enforced rationing of eggs – cheese and milk is unlikely to be far behind. And tomatoes. Probably.
I would never call something that is shit*t sandblasted into your face as “hidden”.
Ah yes, I remember in 2021 when the corporations got together and decided to be greedy so inflation went up. Before that they were altruistic which was why inflation was low.
It’s not hidden, the major news outlets aren’t covering it in their analysis of what’s driving inflation.
Well I can’t read the article but the headline is bullshit.
Inflation is caused by the BoE’s monetary policy and a shortage of gas
Hidden Cause? We’ve known about this shit for fucking decades.
… hidden?
Didn’t BP report record profits whilst your gran froze to death?
If anyone glances at when inflation becomes a problem it seem far more likely due to top down profiteering than bottom up demands for better pay.
It’s not like companies raising prices aren’t recording record profits.
Wars, pandemics, oil shocks make people vulnerable and a great excuse for people at the top to fill their pockets.
What’s causing Turkey’s (currently 85%). General view seems to be printing money and putting back into economy. Like we have done.
Hardly hidden, it’s in their dividend payouts. 1 greedy person at the top is hard to satisfy with profits, 100 hedgfunds at the top are impossible to satisfy.
Somewhere the drive changed from “Good product and good profits” to “Cheapest possible production and all the money that exists”.
Bingo.
Prices “had” to go up.
Yet profits were at record levels.
Meaning they did not have to go up. Corporations simply didn’t want to take a hit, or, they just capitalised on the crisis to make loads of money.
Prices or profits need to fall in order to get inflation under control. Either pay people more money and keep prices the same, or lower prices and keep wages the same.
edit:
Also, reverse Brexit. Prices have increased due to that in some areas, too.
Its not just corporate greed, but also wealth greed. Often paid loads for land rents, land, owning of businesses etc, and its not uncommon for them to pay next to no tax.
And let’s not forget the thing the Tories have a media blackout on…. The Tory Brexit.
People were warned it would increase prices but they took no notice.
It’s not that well hidden. Most people assumed it was a combo of corporate greed and govt incompetence
Nooo… when have corporations ever shrunk products and charged double….
Hidden? Ain’t hidden. People are just fucking stupid.