this post was submitted on 19 Apr 2024
1303 points (99.8% liked)

World News

39402 readers
2403 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] tearsintherain@leminal.space 26 points 8 months ago* (last edited 8 months ago) (2 children)

Greed is now baked into capitalism. Morals and ethics be damned, squeeze and squeeze and see what the market and consumer will bear. So what if much of the population is struggling economically, and more have been thrown into outright poverty. And that record number of people are homeless and sleeping rough.

Consolidation and deregulation always benefits the few over the many, all the while claiming it will be beneficial to consumers. I'm always amused by the religious folks who defend free market greed as though God is a cruel, exploitive being who's big on dog-eat-dog capitalism.

Margin expansion under the guise/cover of inflation should be criminal.

What I would love to see one day is the margin pocketed for every product sold on display next to the price tag.

Retailers could have chosen to eat these higher costs and weather lower profit margins, but instead, the FTC found that on aggregate retailers passed all higher costs onto consumers and raised prices even more to increase their profit margins, too. This finding isn’t totally new, several economists and researchers (including me) pointed out this trend at the time. https://www.foodandpower.net/latest/ftc-supply-chain-disruption-grocery-food-processing-report-apr-24

[–] BallsandBayonets@lemmy.world 6 points 8 months ago

as though God is a cruel, exploitive being who's big on dog-eat-dog

The Christian god definitely is. I don't know where Christians got the idea of a loving god but it wasn't from their bible.