Topic: "Greedflation" has gone too far! - page 3. (Read 607 times)

It's a sad fact that it is the politicians in our country that are letting us down. They are the ones that are meant to be setting and strengthening laws that keep corporations in check, that keep them and their owners paying a fair contribution to the rest of the country which they rely on for profit. All too often these politicians undermine and betray the public who vote them in, to get wealthy themselves, but it is not a job I'd ever envy having either. There is a lot of money at stake at the highest echelons and if you don't play the right game then you are often targeted for replacement. They have to walk a very fine line between appeasing corporations while trying to keep existing laws fit for purpose.

The greed and lust has really gone too far. The world has been a bitter place.
I have lost all the interest in the world. I like staying at my home and work from my work desk and that is it.

If a person starts with the slogans "the end of capitalism" or "everything, the whole world refuses the dollar" - this is typical populism, behind which there is nothing but an empty desire to attract attention to oneself.
Inflation is a natural process, it was and will be in monetary philosophy. This is neither bad nor good. It `s naturally. The question is how high this inflation is. It's like the body's pressure - it exists, and you can't do without it, but there is a normal level of pressure, for example, it is increased after physical exertion, and there is a critical one caused by illness. So it is with inflation - for the last 4 years the world economy has experienced a lot of stress (read diseases) and, of course, there are consequences, in the form of inflation. But in countries with normal economies, this process will be leveled out in the near future, and this applies to countries whose economy is based on capitalism. But countries with a "socialist" or anti-capitalist concept are likely to continue to bear the burden of inflation

When greed become lust - it is very harmful.
People are getting greedy day by day
I have always met people who are greedy- who try to get your money by hook or crook. This world is a tortuous  place with the every passing day

Yeah, I read it all, I'm just preemptively closing any doors!  


Nothing to not believe, I have the math too, but this is the thing, it's my math, and it won't work for everyone, just like yours is.
Let's run the numbers quick.
500k per person, 8 billion people, that would make 40quadrillion, about 60 times the current global wealth so if every one of us gets that much you either have to produce enough houses, commercial estate, cars, electronics, and everything to compensate for this wealth or a used 2002 golf would go for $200k.
We've seen already how it works to have money and not products, demand, and offers have already shown us what's next so no need to linger on this aspect, and move to the next..


Hmm, I might have been half wrong on this one you didn't bring up 1800 up but you defended it, so let's split the fault here.

I am not sure did you read what I wrote, or do you judge by all posts... I am a bit confused here.


Well, believe it or not, I already have that math in my head. $500k and I am on pension! I could achieve it with Bitcoins and many other alts (I am here for a long time), but I missed many big things because I wanted to live... and gamble. We can go deeper into that and when I give it a thought it's pretty funny... but in the meantime, I got married, got kids, and all that goes along... Now it's even harder for me to understand how can some people do so horrible things to kids around the world... just for more profit.

I am not preaching any madness... I saw a new term that made me think. "Greedflation", to repeat it again. And I saw it as a global problem... Therefore quotation from Guardian. Big corporations with their "crazy big vehicles" of any kind are making a lot of pollution! They are digging and digging... moving mountains... and let's not get into what they are doing to people, maybe more important to kids along the way. Even now in the 21st century, let's not go into the past about it. Do you really think it's the right path!?  


Again, take a better look. It's not me who brought up "1800s" in conversation...

No, I wouldn't want to live in that time. And I don't live in that time... something we can't say for many others who are stuck in the middle ages. You are good with words, you push your thoughts and cunningly avoid answering the questions... Like some politicians.

When I see a chorus like this not understanding basic economic concepts and clapping their hand in full hate against a concept they are actually embracing while posting here on the same forum I needed to slap a bit of reality on some!


So, when are enough coins and enough profits made from BTC for you? Have you put a label and a quota on your plans also?  
Do you plan on quitting once you have enough and never search for profits again? Or...are you going to answer honestly on this one? 
Because you see, there is one huge difference between preaching this madness and actually being the one doing what your preach, and this is the annoying part, everyone has an idea of how others should live but god help if they should make such a radical change.
Communism at its best, everyone should be equal, but not me!


So why did you bring it into the conversation earlier?
Would you love to live like in 1800? Or would you love to see others living like that?

I was wondering if you would leave a comment...

I don't wish to cut your post, I will answer in a different way...
 
- You started with the title of the article... as I pointed out "the end of capitalism" is not the point, but you made some good remarks, and I guess this is some kind of conclusion:


I agree and it's because the fact is that we all want more. But I guess you missed my question, when is enough? Because of that "more money, more profit," we had/have too many casualties... who cares about nature, about the people? Does it matter when profit is higher...


- Yes I am aware of child mortality in the past, it's why people had many kids in the past (+5), they knew that some kids will not survive. That transition in Serbia came a bit later than in Europe for example. My Grandparents had +5 brothers and sisters, even some of their brothers and sisters couldn't make it. I still remember the summers spent in the village with them... my children don't have a village, and probably won't swim in the streams, rivers, and lakes where I swam +20 years ago. They will not be able to experience that as I did...

- I know about the sewage problems that all big cities had, believe it or not, some still have them... even in the 21st century! Even before that, in the time of castles, there were no toilets, where did the elite defecate? Tourists write that the stench is still felt, I wouldn't know, I haven't been and I don't plan to.

Some things are just not right... where is this "Greedflation" leading this world and all of us with it?

Yeah, everyone was burning coal and wood, there were basically no drugs to combat any epidemics, there was no food safety whatsoever, the life expectancy was around 40 years, and you know what childmortality looked like?
So basically for you to have two kids reaching adolescence you would have to be ready to bury at least two at birth.

And no garbage? Lol!
https://www.collectorsweekly.com/articles/when-new-yorkers-lived-knee-deep-in-trash/
Do you know how toilets and sewage worked in cities in 1800 and 1700? Oh wait, they didn't!

I agree with what they're saying here, the corporations were using covid as a justification to raise prices and force their medicine down our throats and now governments and corporations are using the war in the same way. Their reasoning is simple - rise energy prices and tell people it's because we don't have enough green energy and we all have to contribute to build this new, green world, with less greenhouse gasses and all that.

When the war broke out gasoline prices went up and reached prices unseen before, but when the price of crude oil dropped these fuel prices did not! They were still stealing from us keeping prices high because they saw that people could afford it. If they increased by 30% and we still kept buying it's money making time ladies and gents, until there's protests or the sales drop the prices will stay high.

However, the greed is not always to have more. We have families to feed and certainly we all know that each year government and big institutional firms will raise the cost of living, daily need stuff, raw materials and bank interests and what not. This will be done to correct the income of government in the name of running the nation properly. They have to take care of various government schemes, pensions, research and military funds and what not.

The problem is, Money comes from the tax payers like you and me. In turn, the cost goes up, we pay more taxes and that’s why WE start running behind more money.

At least that could help us live a normal lifestyle. That’s the greed but they have defined it in most rugged way possible.

It's a well known fact for decades that inflation makes the rich richer and the poor poorer.
Should we expect that the companies are going to lower their profit margins just because there's an inflation and the prices are doing up?
Maybe there are cartel agreements and the forces of market competition are failing at lowering the prices. There's no significant drop in market demand, even though the prices are doing up. This means that the people have enough money to cover their bigger expenses. This is the result of the "helicopter money" policies and the stimulus checks in the last 3 years. Inflation will go down, only when the recession strikes.

In reality, while companies might be taking advantage at times, this stems from failed central bank policies and the politicians that enabled them. If we step back to the financial crisis of 2008, the US and then European governments ended up pushing interest rates down massively to encourage lending. That worked fine at the time, but in the last 10 years the economy had already recovered and these super low rates stayed in place. If the central banks had been responsible, they would have slowly notched the rates back up to discourage over borrowing and being reckless with the vast swathes of money that were sloshing around. Now it's the general public getting screwed because they are hiking them so fast to counteract inflation.

There is no word enough to be rich because if someone has a lot of wealth, he wants more wealth and that is natural because the desire to collect more money will arise when we have succeeded in getting money.

I agree that there are things that money can't buy so we have to realize that, at that point, money is of no use at all. We just hope that with money, we can make ends meet and with friends and family, we can feel happy and enjoy life.

And when greed comes to you, you have to be able to overcome it. Otherwise, you will never have enough of what you have because you want more.

All this story is mastered by the richest fiat people in the world. We can't argue it if only talk and give the theory without action.
No one out dares except satoshi. But, even has gone, he left something valuable called Bitcoin. There are main weaknesses that fiat has when didn't have underlying again by gold, because the government always prints money they want, then inflation comes, who is dare?, of course, the government but, still the government is always controlled by Whales (Whalesflation) who speculate in it, and made rich themself.

It's different when corporations wanted to get rich by selling their stuff to their consumers at a high price with cheap labor. But it's different when corporations are taking advantage of an event, i.e. pandemic, wars, to increased their prices and to make a lot of profits out of it. And that's what currently is happening in corporate America or even some in Europe.

And the bad side of it, specially if inflation are going to continue let's say in the next 5-10 years, this "Greedflation' could lead to a huge in balance and obviously make life hard to average joe who are just living from their week to week paycheck in order to survived. Let's give a example, you to go grocery and you see the price is too high and you can't afford it. So what's going to happen?

This has to stop, and the government need to step up to control the prices.

There's nothing wrong if you want to be rich since it's a satisfaction to the others so that they can buy what they want anytime. But just like what you said there are things that money can't buy like feelings, friends, and health, but without money or lack of enough money won't get you far away in life either.

So the question when is enough is subjective IMO since not everyone of us have the same goal but when there's a greed attached to your ambition that's the time enough never existed in your life.

Greedflation has being a big problem all over the world in excuse of covid-19 pandemic and the ongoing war in Ukraine. My country is a third world country and greedflation has eaten up the bones of companies that even when the price of raw materials reduces,producers and companies still maintain their sales price instead of bringing it down,leaving the citizens to suffer for their greedy actions and they put the blame on inflation. I have being lamenting on this but no one seems to understand the danger that greedflation will be in the economy and the citizens themselves. In my country if the price of certain commodity goes up,it will hardly come down with 1% even though the cause of the hike in price on that commodity has been tackled. For instance,in my country the cost of petroleum products will go high,when it is scarce due to one crisis or the other. This is what do cause the price of commodities to go high, but even after there is abundant of petroleum products and the price has gone back to the normal price before scarcity, this producers and wholesalers will still stick to the new price which they have increased it to when there was scarcity of petroleum product.

The fact that the gap between the poor and the wealthy is getting bigger is honestly outrageous to me. I thought it wasn't real until perhaps several years ago because I believed that, surely, the world was making progress toward becoming a more egalitarian place. That the corporations are recording top profits when the majority is suffering is among the indicators of this gap. I actually wouldn't mind seeing the end of capitalism, as long as there's a better system to replace it. But I suppose a more realistic approach is seeking for a better fusion of capitalism and socialism, so that becoming rich and earning profit remains possible BUT there's also a really strong social welfare system financed by the richest people which should become bigger and bigger to narrow the gap. As for greedflation, we just need to outlaw it, so that everyone suffers at least proportionately equally.

Some sectors gained demand especially due to covid and it continues there after so especially companies related to medicine is making more profits and also with the inflation the numbers are getting huge where as other sectors dumped which are in the recovery phase at the moment.

Anyway no matter how much money they are making they will be interested in making more because we don't know how the future will be so the capitalism is still the successful model which makes rich gets richer but allows anyone with the potential and skill can reach that status.