My dude, corporations were putting in their earnings reports for the COVID years that they were having record profits because they were using COVID-based supply disruptions to increase their prices. Even a basic knowledge of economics would lead one to understand that if supply for a good becomes limited, demand stays the same, and profits go up, it could only be because the price of that good has significantly increased as well.
The average price of coca-cola during this period of time, adjusting for inflation, has been $1.89, and the most current price of $2.69 is 42.33% above that average.
It’s not price gouging, there’s no coca cola shortage and it’s not a necessary for life good. You’re acting like you can’t just stop buying it
And yes, the price people willing to pay for some goods is a reasonable price for them, unless it’s some necessity or it’s some disaster area. If it was unreasonable, people wouldn’t pay that price. Especially for something like coca cola
But asserting that the new inflation is a result of corporate greed does imply that the corporate greed is a new factor. It doesn’t make any sense
No it implies there was a factor restraining that greed before and it’s been removed.
My dude, corporations were putting in their earnings reports for the COVID years that they were having record profits because they were using COVID-based supply disruptions to increase their prices. Even a basic knowledge of economics would lead one to understand that if supply for a good becomes limited, demand stays the same, and profits go up, it could only be because the price of that good has significantly increased as well.
Profits go up per unit, but not necessarily the total amount since you’re moving fewer units
Except corporations were posting record profits. So both profit per unit and overall profitability were increased.
They took advantage of COVID to fleece the public.
If you’ve been paying attention you would have seen that profit margins were going up as well
For some companies, sure.
Intel and AMD, for example, already sold so many computers during the pandemic their profits are down now
No, just a new type.
How is it a new type? What’s new?
Getting away with price gouging is new.
So the greed is constant, but the market let companies raise prices.
The market gave them an excuse to raise prices.
You don’t have to take my word for it.
https://moneynotmoney.com/historical-price-of-coca-cola-in-united-states/
Because consumers will pay those prices. Nobody forces you to drink coca cola
Sorry… you’re arguing that corporate greed and price gouging are acceptable things because enough people are willing to pay that price anyway?
It’s not price gouging, there’s no coca cola shortage and it’s not a necessary for life good. You’re acting like you can’t just stop buying it
And yes, the price people willing to pay for some goods is a reasonable price for them, unless it’s some necessity or it’s some disaster area. If it was unreasonable, people wouldn’t pay that price. Especially for something like coca cola