Gouging adds to inflation.

https://perfectunion.us/tyson-foods-price-gouging/
Company data from Tyson Foods indicates that the meat processing giant used its size and power to extract an additional $500 million from American consumers last quarter under the cover of inflation.

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Thank you for that

Companies across the board are taking the coverage offer3ed by the inflation theme to increase profit margins to make up for (or exceed) the loss of profits over the past couple of years.

Abhorrent or wonderful, depending on which side of the cash register you are standing on - and may be of interest when the stock market is going in the wrong direction.

Jeff

Gouging? Wrong perspective!

If a business can raise prices it’s a great investment, it means that there is plenty demand for its products. I’m feeling more confident than ever about my crashing TSLA shares as they increase prices to maintain or even increase their gross margins which are well above the auto industry median.

Maybe Gouging would have more resonance on a social charity board.

The Captain

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captainccs analyzes,

Gouging? Wrong perspective!

If a business can raise prices it’s a great investment, it means that there is plenty demand for its products. I’m feeling more confident than ever about my crashing TSLA shares as they increase prices to maintain or even increase their gross margins which are well above the auto industry median.

Maybe Gouging would have more resonance on a social charity board.

If a business is price gouging because of lax antitrust enforcement and the ability to buy-off a sufficient number of Congressmen and Senators to prevent price competition, it’s not good for the economy. That’s why drugs and healthcare cost twice as much in America than anyplace else on Earth yet the health care system kills us 3 years sooner than our largest economic competitors.

Same thing with bacon and chicken. Three or four large operators control the slaughterhouses, then squeeze the farmers on one end, and the consumers in the other.

It’s not good for the people, or the animals.

intercst

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intercst
price gouging because of lax antitrust enforcement and the ability to buy-off a sufficient number of Congressmen and Senators to prevent price competition, it’s not good for the economy

…and it means that the brilliant vision of the “free market” set forth by Adam Smith is CANCELLED because of the exact coercive, monopolistic, and corrupt factors that Smith decried in hisWealth of Nations, a thoroughly misrepresented masterpiece.

In that book Smith’s real world exemplar of a “free market” functioning with the huge advantages of “the invisible hand” (what Ricardo and Pareto and others would later elaborate mathematically as a magnificent balancing of interests given any set of resources and needs, supplies and demands) were the great “Faires” of England, such as Scarborough. These operated under the license, control, and protection of the Crown against potential coercive or manipulative conspiracies and powers and practices.

david fb

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Abhorrent or wonderful, depending on which side of the cash register you are standing on -

The seller/vender has a right to make a profit. Period.

Absent that right the seller/vender packs up his/her cash register and goes home.

Also, we’ve seen what happen to a society when the rights of businesses are infringed upon:

Russia,
The dissolution of the Soviet Union[e] (1988–1991) was the process of internal disintegration within the Soviet Union (USSR) which resulted in the end of the country’s and the federal government’s existence as a sovereign state
https://en.wikipedia.org/wiki/Dissolution_of_the_Soviet_Unio…

Cuba,
The standard of living in the 1970s was “extremely spartan” and discontent was rife.[151] Fidel Castro admitted the failures of economic policies in a 1970 speech.[151]
https://en.wikipedia.org/wiki/Cuba#Revolution_of_1933–1940

Venezuela,
In the absence of official statistics, foreign experts estimate that GDP contracted 12% in 2017, inflation exceeded 2000%, people faced widespread shortages of consumer goods and medicine, and the central bank’s international reserves dwindled. In late 2017, Venezuela also entered selective default on some of its sovereign and state oil company, Petroleos de Venezuela, S.A., (PDVSA) bonds.
https://www.cia.gov/the-world-factbook/countries/venezuela/

If they take away my right to profit from my endeavors I’ll pack up my cash register and go elsewhere.

Which is what we’ve seen happen over and over again as hard core socialists* try to inflict their vision of ‘paradise’ on the rest of US.

I’m talkin’ Cuban Commie socialists not the soft core BeaverTails eating Canadians.
https://theculturetrip.com/north-america/canada/articles/the…

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