Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows

kpw@kbin.social to News@lemmy.world – 677 points –
Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows
theguardian.com

Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

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Real question is what the fuck am I supposed to do about it?
Burning the place down hardly helps and our elected officials don't give much of a shit, at least around here.
I'm well paid, so it doesn't matter too much for my family just yet, but there are people for whom this means food insecurity.
I'm still pissed though, because I think people deserve to eat.

One thing is... it's expensive to save money.
Buying in bulk isn't as bad, but someone living paycheck to paycheck can't afford that.
I have a vacuum machine, the space to store things, freezers, etc.
I can spend more money upfront to save on food in the long run, but not everyone can do this and it hits them even harder.

You're describing the poverty trap. Its very real. I'm wealthy now as well, but I remember a time when I took the subway 90 mins round trip to my job, and the fare cost almost an hour's pay. So I'd put in 9.5 hours to work an 8 hour shift and my takehome pay was for 7 hours.

Yea, the grind is becoming impossible though. My old man worked a summer job and could afford university all year on that.

After joining the military for the GI Bill, finishing that commitment, I worked in IT to keep us afloat while my wife went to university.

I left at 5AM for work, worked as much OT as I could, after work instead of sitting in traffic or stuffing on the train like sardines I studied, did all my IT certs, and left work at 7pm. The weekends I worked a second job doing IT. All through university I worked IT on nights and weekends.

The grind you have to do to reach "middle" class is becoming: come from money to afford college, or go into debt for life for uni, or work nonstop always.

How can people take care of kids, family?

Yeah, but the temptation to burn the place down is really smoldering.

Spend less, encourage others to do the same.

Spend less? As in just eat less food?

To be fair most people could reduce their intake by half or more no problem.

Are you surviving off of peanut butter sandwiches? Or have you gotten DoorDash™ recently?

Because there's no middle ground?

He mentioned quantity of food, I mentioned quality.

You don't have to eat less if you're eating food that is overpriced or using scam services like doordash. Just buy more-affordable food and cook your own meals.

But some people think they're "too good" for that and try to conflate needs with wants. I assume you're one of them but won't admit it.

You know what they say when you assume...

I've never ordered DoorDash in my life.

Oh yeah, but you're probably one of the people who conflates needs with wants.

What else am I "probably?" I mean actually asking me would be a waste of time- and don't do it now, it's too late.

I rest my case.

Your evidence-free case made by just guessing about someone based on two very short replies on an internet forum? I'm glad you're resting it because you're making yourself sound like a fool.

You're right, my bad. You're not one of the people who conflates needs with wants.

You're also not flustered because I called it out.

Sorry.

I am not, in fact, flustered.

Believe it or not, saying there is a middle ground between eating nothing but peanut butter sandwiches and ordering DoorDash- which is the post I responded to- does not make me conflate needs with wants.

Although I admit that you don't need to eat anything but beans and vegetables. That doesn't mean I think anyone deserves to live on nothing but beans and vegetables. That's a miserable way to live. Do you think people deserve to live that way?

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The country I live in at least pretends to respect worker right so no DoorDash. And if I wanted to eat cheap I wouldn't go for peanut butter sandwiches. But rather like lentils, rice, beans, potatoes. Which, you know what? I do.

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