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.
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 itās a great investment, it means that there is plenty demand for its products. Iām 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
captainccs analyzes,
Gouging? Wrong perspective!
If a business can raise prices itās a great investment, it means that there is plenty demand for its products. Iām 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, itās not good for the economy. Thatās 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.
Itās not good for the people, or the animals.
intercst
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, itās not good for the economy
ā¦and it means that the brilliant vision of the āfree marketā 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 Smithās real world exemplar of a āfree marketā functioning with the huge advantages of āthe invisible handā (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 āFairesā 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
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, weāve seen what happen to a society when the rights of businesses are infringed upon:
Russia,
The dissolution of the Soviet Union[e] (1988ā1991) was the process of internal disintegration within the Soviet Union (USSR) which resulted in the end of the countryās and the federal governmentās existence as a sovereign state
https://en.wikipedia.org/wiki/Dissolution_of_the_Soviet_Unioā¦
Cuba,
The standard of living in the 1970s was āextremely spartanā 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_1933ā1940
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 bankās 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/
ā¦
If they take away my right to profit from my endeavors Iāll pack up my cash register and go elsewhere.
Which is what weāve seen happen over and over again as hard core socialists* try to inflict their vision of āparadiseā on the rest of US.
Iām talkinā Cuban Commie socialists not the soft core BeaverTails eating Canadians.
https://theculturetrip.com/north-america/canada/articles/theā¦