this post was submitted on 26 Aug 2024
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It’s laughable when some people talk about inflation as it’s a physical law like gravity. No, it’s a decision of the capital owners to protect and grow their profits at the expense of the workers.
This is a phenomenon that's literally thousands of years old. It's just basic economics. If there was good competition, there wouldn't be any price gauging. And that's the regulator's fault not the company's. Americans want their free market, they get their free market. So stop complaining.
The market is anything but free when the price to entry is so high and the big wigs get bailed out constantly. Yes, I agree that farmers should be subsidized, but if we do that, we do not have a “free market” and we shouldn’t.
Sure, in the broad, capitalist sense, you can't blame the company.
But, as just a collection of people, you can absolutely blame them. Saying that a company has no fault in deciding to use aggressive, manipulative methods to pull money out of people no matter what feels on the level of saying 'I couldn't help myself, they should've stopped me from being terrible".
Or "she was asking for it, just look what she's wearing'
Yup, it's just bullshit like trickle down economics.
The only people being affected by inflation are the people who can't afford to save money. (Which one of the points of inflation is to prevent money hording)
The oligarchy hides most of their wealth in owning stuff and as such are unaffected.
Inflation and our financial system were created by politicians.