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Robert Reich

News flash: Corporations used "inflation" as cover to squeeze more money out of you."

19 comments
Wilson :nfld_flag:

@rbreich Now the question is: What consequence will they face?

Bill Lamb

@rbreich

And, sadly, corporations havne't suffered for it.

Liz❤💃

@rbreich No shit. Great example, Gas X...upped by over 1.50 per flat of what USED TO BE 12 tabs, but then unannouncedly 9. Lying liars and the lies they tell.

yarko

@rbreich Gee … not enough competitive pressure?

Anti-trust laws, regulations, taxation with investment insentives …
all this needs to be stronger…
from a responsible, competent body of legislators acting and speaking on behalf of the best interests of their constituents, and the country…

I think one key objective to get us back to this direction is overturning Citizens United…

Another is regulating lies, and news & media propagating them (harder, but important)…

@rbreich Gee … not enough competitive pressure?

Anti-trust laws, regulations, taxation with investment insentives …
all this needs to be stronger…
from a responsible, competent body of legislators acting and speaking on behalf of the best interests of their constituents, and the country…

I think one key objective to get us back to this direction is overturning Citizens United…

GummyNerds

@rbreich You're as full of shit as a used Huggies diaper.

Pete Zicato

@GummyNerds @rbreich

We’re sorry, but your post lacks any kind of reference or documentation. You will have to re-apply with corroborative documentation before we can acknowledge your personhood.

Mother Bones

@PeteZ @rbreich
That account has a header witha sign saying "Trolls Choice." I just blocked 'em.

...In fact, I reported their trolling posts and then blocked the whole instance. From what I could tell it's a troll instance.

EvolLove

@rbreich
Somehow this is not surprising.
Remember how in construction there were all kinds of excuses for ridiculous price increase of up to 300%

It was everything from Covid to Ukraine war. Suddenly Ukraine was the only country in the world who could produce what we needed. Even products that had been produced nationally for decades...

And the covid was used to increase the export price but then why was the price of nationally produced goods also increased.

Now It's confirmed. Thanks.

@rbreich
Somehow this is not surprising.
Remember how in construction there were all kinds of excuses for ridiculous price increase of up to 300%

It was everything from Covid to Ukraine war. Suddenly Ukraine was the only country in the world who could produce what we needed. Even products that had been produced nationally for decades...

Caleb James DeLisle
Lets suppose you're absolutely right, what are you going to do about it?

Enact price controls? Maybe that will work, maybe it won't. If the products are made overseas and they can get a better price elsewhere, they won't send them to the US at all.

Investigate the companies? They'll move their headquarters out of the US, they're already not making anything in the states, moving headquarters is basically a formality.

There's a lot of things you can do to "send a message", but nothing you can do will actually make diapers cheaper.... UNLESS you slash regulation and encourage more startups to enter the diaper business and compete.

But if you do that, then you have to walk back on your entire political career.
Lets suppose you're absolutely right, what are you going to do about it?

Enact price controls? Maybe that will work, maybe it won't. If the products are made overseas and they can get a better price elsewhere, they won't send them to the US at all.
Doug Baker

@rbreich The tobacco industry is an old hand at this- whenever tax on tobacco was increased, the industry would add a bit more on, so that they hid behind the tax.

Wayne Dixon

@rbreich @adrienne so they’re using “inflation” as in “inflation of their profits”.

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