Corporations finding a new way to be greedy does not mean they were not greedy in the past as well.
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
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 it implies there was a factor restraining that greed before and it's been removed.
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.
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.
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
Sorry... how is a price increase that is not justified by inflation not price gouging?
Price gouging has nothing to do with what is necessary and Coca-Cola is being used as an example. I'm not why you think this is singly about coca-cola.
I think this simply depends on your definition of gouging. If I used "to charge someone too much money for something, in a way that is dishonest or unfair" as I found from google, one could argue that the increase was justified by some others means that didn't qualify as dishonest or unfair, which is also subjective.
Okay, what was the justification for raising the price significantly higher than would match inflation?
It's justified by inflation, inflation is an average.
For example, if thing A goes up 20% and thing B goes up 0% we say the inflation is 10%. You will complain that A went up faster than the inflation. But you're cherry picking the data, since you ignored B not going up
Corporations finding a new way to be greedy does not mean they were not greedy in the past as well.
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
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 it implies there was a factor restraining that greed before and it's been removed.
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
Sorry... how is a price increase that is not justified by inflation not price gouging?
Price gouging has nothing to do with what is necessary and Coca-Cola is being used as an example. I'm not why you think this is singly about coca-cola.
I think this simply depends on your definition of gouging. If I used "to charge someone too much money for something, in a way that is dishonest or unfair" as I found from google, one could argue that the increase was justified by some others means that didn't qualify as dishonest or unfair, which is also subjective.
Okay, what was the justification for raising the price significantly higher than would match inflation?
It's justified by inflation, inflation is an average.
For example, if thing A goes up 20% and thing B goes up 0% we say the inflation is 10%. You will complain that A went up faster than the inflation. But you're cherry picking the data, since you ignored B not going up
I see, you didn't actually read the article.