General Discussion

Mosby

(19,491 posts)

45. When do profits become "gouging"?

Fri Jan 19, 2024, 05:22 PM

Jan 2024

I don't know.

As someone who has spend decades in retail though, I'm glad people are finally noticing manufacturer pricing strategies. Companies like P&G, Kelloggs, General Mills, Kraft, Nestlé, Tyson etc have been overcharging since forever, because they know the retailer will take the blame. OTC and HABA manufacturers are even worse.

We all just got screwed by the egg manufacturers, only retailers will recover some of the excess profits.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

51 replies

= new reply since forum marked as read

Highlight:

Half of recent US inflation due to high corporate profits, report finds [View all] kpete Jan 2024 OP

It is capitalism. The choice is the for the consumer. chicoescuela Jan 2024 #1

It's capitalism in its monopolistic phase where the lack of real competition Voltaire2 Jan 2024 #3

True in many industries, I will concede that . chicoescuela Jan 2024 #8

Pre-Famine Ireland had many of the same characteristics Farmer-Rick Jan 2024 #12

Exactly, but... a selective "few" get billions upon billions... Justice matters. Jan 2024 #33

Unfortunately capitalism is quite resilient. Voltaire2 Jan 2024 #36

Yup and our buddies in big oil and fossil fuel business (gas and oil) have made record profits ... Botany Jan 2024 #2

Exactly right. FalloutShelter Jan 2024 #4

Too true. summer_in_TX Jan 2024 #51

The cost of transportation fuel affects everything else. Hermit-The-Prog Jan 2024 #7

I heard an old man in Aldi complaining about the price on the cheese Marthe48 Jan 2024 #24

Exactly Marth DENVERPOPS Jan 2024 #26

Don't even bother to tell "them" that oil and gas prices are also based in part that they are a function .... Botany Jan 2024 #31

For gawd dam. Sure 3auld6phart Jan 2024 #34

And don't bother telling "them" that under President Biden we are now producing more oil than ever, Botany Jan 2024 #35

Big Grocery has a bag over our heads Charging Triceratops Jan 2024 #5

And they started the 'holdup' back in 2019, but MSM didn't mention inflation until Biden took office Attilatheblond Jan 2024 #15

Ah, but will any of the American media dare to proclaim this to the masses? sinkingfeeling Jan 2024 #6

You mean the media corporations who make their money from other corporations? progressoid Jan 2024 #17

No. And the Trump masses don't read anyway. It's Fox and Newsmax to get their daily dose of hatred and lies. Lonestarblue Jan 2024 #20

Honestly, that's on Biden and Democratic surrogates to get out there and pound that issue... spudspud Jan 2024 #32

They are our only hope. Ligyron Jan 2024 #49

Yes it's quite odd that I saw prices drop on lets say pet food but now it's suddenly back up again..... GuppyGal Jan 2024 #9

Kick dalton99a Jan 2024 #10

K&R ck4829 Jan 2024 #11

Of course, it takes a BRITISH publication to point this out. Wednesdays Jan 2024 #13

Not from the Complicit Corporate Catamites that are our media ArkansasDemocrat1 Jan 2024 #18

You have succinctly defined the GOP. dchill Jan 2024 #19

Who is funding Groundwork Collaborative? Mosby Jan 2024 #22

Marxists? George Soros? dpibel Jan 2024 #25

Well Soros is a capitalist so I doubt he's funding them. Mosby Jan 2024 #30

So you're thinking Marxists? n/t dpibel Jan 2024 #37

We don't know because Arabella Advisors doesn't disclose their donors. Mosby Jan 2024 #43

In any case, dpibel Jan 2024 #44

When do profits become "gouging"? Mosby Jan 2024 #45

Surprise, surprise, surprise! Fla Dem Jan 2024 #14

Predatory Capitalism Emile Jan 2024 #16

gee. greedflation. AllaN01Bear Jan 2024 #21

Only HALF? Wicked Blue Jan 2024 #23

The 2017 billionaire's tax cut caused this Jerry2144 Jan 2024 #27

It also caused an extreme uptick in residential investment ScratchCat Jan 2024 #29

Please don't say it went to stockholders, it didn't Warpy Jan 2024 #28

half? half? what about all of it . half?? my eye. AllaN01Bear Jan 2024 #38

Well, I've said it and said it! Under our current legal doctrine of 'shareholder primacy,' the ONLY fiduciary PatrickforB Jan 2024 #39

Corporate price gouging drove more than half of the price increases last year. LetMyPeopleVote Jan 2024 #40

Tony Montana said it best... JoseBalow Jan 2024 #41

Voters need to know that the president doesn't set prices IronLionZion Jan 2024 #42

More than that. kwijybo Jan 2024 #46

Kicked and recommended Uncle Joe Jan 2024 #47

No Fucking Shit. How many millions did that did that investigation cost? Scalded Nun Jan 2024 #48

Oh really? jaxexpat Jan 2024 #50