Is greed causing shrinkflation?

President Joe Biden, Sen. Elizabeth Warren, and other like-minded politicians maintain the underlying cause of shrinkflation is "greed." But, as Andrew Heaton explains, greed is pretty much constant across industries and time periods. Shrinkflation is just a passive-aggressive form of inflation, which we are struggling with largely due to government fiscal policy.

#economics #inflation #comedy #humor

[NewVegasBadger]

How about cracking down on another greed: the Congressional insider trading.

[JohnSmith-rwvo]

Greedy politicians and billionaires are the problem. The billionaires use lobbyists to get politicians to change laws that drives stock prices up. Oh and lets not forget about the great wealth transfer of 2020 when small businesses were forced to close while giant corporations made record profits.

[qjames]

They didn't go to highschool together, just college, same golf clubs, and same smokey backrooms

[MrREDLORD]

Casually sends another 95 billion dollars overseas

[thetruthhurts]

Didn’t the printing of more money caused inflation, during covid?

[androgenius_alisa]

"Every industry in the world"
So like ... 20 dudes?

[freemarketspeople]

Who’s greedy? Not me, it’s always the other guy that’s greedy! - Milton Friedman

[newsboom]

Though I am annoyed that my candy bar is 20% smaller than a few years ago, I'm guessing the trillions being printed and spent in the same time period may be a bigger reason for inflation.

[lolsflint]

This is deadass funded by corporations. ReasonTV is a part of the Reason Foundation, a well-known Think Tank founded in 1978. This sort of media and content is most likely funded by corporations as well, as think tanks are often given funding from sources that don’t have to publicize themselves. Furthermore, they often give opinions and papers/reports that aren’t necessarily peer reviewed.

Regardless of whether you agree with this man or not, be critical thinkers, and keep in consideration the topics they are discussing and whoever may have benefit from what he’s saying and what relation they may have in terms of funding these messages.

For example, note how this entire message has been purely based on implicit statements rather than explicit ones. No facts or concrete statements were made, but rather solely putting the words of another (from a 1s snip with zero additional context) into a frame of reference that solely depends on making their statements seem outlandish or unreasonable without giving any judgement to back it up. Does this mean he’s wrong by default? Not necessarily, but it certainly means that this video is likely meant to influence your opinion/perspective without giving any real facts.

[dreeemer]

Anyone gonna acknowledge the “ legion of doom” is Blackrock, Vanguard and State Street? They are majority stakeholders of 88% of the S&P 500….

“ When interests align their is no need for a formal conspiracy “
-George Carlin

[weareharbinger]

It is definitely greed, but not exactly corporate.
Government greed is the worst, because they spend money that isn't even theirs.

[Granox]

Tell me you don't know how a company works without telling me you don't know how a company works

[azmtb]

Embarrassing that the majority of voting aged people used to learn this in middle school…

[michaeltaylor]

It's time to crack down on Government Greed flation.

[cerisgreen]

i sell a widget on amazon. I wanted to sell it for $16, because i'm greedy and wanted to make more money. However, after testing, by lowering my price to $12, my sales exploded, so even though I charged a lower price per unit, I more than made up the difference with volume. So I got greedy, and lowered my prices so I could make more money.

[ronaldwilliams]

When is the next Legion of Doom meeting? I’m supposed to bring the snacks.

[michaeltoney]

Obviously that isn’t the way it works.

But what is an underlying driver is that the Board and Executives of American companies never take a hit.

They’ll layoff, raise prices, cut costs but not impact their own raises.

So when things get more expensive supply chain wise they don’t look to the huge labor costs of the executives or the board. They look to raising prices and laying off staff

[DC-cttv]

This would be true if 3 mega corporations didn't own everything

[whatwhat]

Completing for the highest profit actually dose raise the price of everything 😅

[williamsveen]

Both. Companies are playing chicken on how far they can go. Record profits.