Pages:
Author

Topic: "Greedflation" has gone too far! - page 5. (Read 683 times)

hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
April 07, 2023, 03:33:55 PM
#5
OP, I must say it's the first time I've thought about this word; I even typed it into an English dictionary, but there's no word like that. Obviously, it's self-explanatory that it's a kind of inflation that arises from human greed for more excessive profit in their businesses.

Greedflation in my country is more common among retail sellers and also some wholesalers who really want to make more profit. One of the causes of this is the lack of a price regulation union or agency among those sellers or private owners of their resources.

based on the chain of indirect distribution, which involves many intermediaries such as distributors, wholesalers, and retailers. If there are no price regulation agencies, all of the intermediaries in the chain of distribution will definitely sell at a different price, at which they will earn a higher profit.

In my country, there is the PPPRA (petroleum products pricing regulation agency) and also other agencies and a smaller union for price regulation, which makes sure that all wholesalers are not selling with greed but in a profitable amount based on their costs. Despite having these agencies, there are still some products or businesses in my country that don't have them, and those businesses are prone to greedflation, and all retailers and whole sellers are just selling at different prices that they wish to.
sr. member
Activity: 1288
Merit: 231
Hire Bitcointalk Camp. Manager @ r7promotions.com
April 07, 2023, 03:27:26 PM
#4
Quote
When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. trillion in profit on $16.1 trillion in revenue.

Capitalism is working same way it should, their is no law that band traders from making profit, capitalism is thoroughly the system where private individuals/companies owners manage and control how goods and services are being produced, the price to which they should also be purchased.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
April 07, 2023, 03:07:24 PM
#3
There will be an end to all of this but we'll never know who's going to be ending up first. It could them or us, with our lives. Anyway, I believe that these all evil or what these conspiracies were actually right after all. And the government don't do anything about it and recently, just another news about OPEC limiting the supply daily and that's giving a global impact. Why these world leaders and these oligarchs can just stop it, they'll just say that they have no control on it but it seems that even before they admit that, it's obvious for everyone that there are people at the top of it that controls almost everything and just like with OPEC, they've just added another wave of an awaiting price increase a.k.a inflation.
sr. member
Activity: 686
Merit: 398
April 07, 2023, 02:55:51 PM
#2
but when is enough? Is there enough?
There is never enough, human are driving by greed. Business men have voracious appetite, always hungry for more.
legendary
Activity: 3346
Merit: 1191
April 07, 2023, 02:41:09 PM
#1
Quote
When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?
Pages:
Jump to: