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Post by tonyroma on Aug 17, 2024 14:32:25 GMT -5
This’ll election will be probably the most important election of my lifetime Right wing media has entered the chat.
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Post by misterjr on Aug 17, 2024 14:56:38 GMT -5
There is no such condition as "free markets". Of course there is... The free market will adjust to compensate for all the stupid things that government tries.. Create price controls, the free market stops production of products controlled by those controls. Institute rent control, the free market adjusts and stops creating places to rent. It is the naive left that thinks there is no such thing as free market as the free market undoes everything they try to do. How do you feel about monopolies?
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Post by biminitwisted on Aug 17, 2024 15:02:54 GMT -5
Of course there is... The free market will adjust to compensate for all the stupid things that government tries.. Create price controls, the free market stops production of products controlled by those controls. Institute rent control, the free market adjusts and stops creating places to rent. It is the naive left that thinks there is no such thing as free market as the free market undoes everything they try to do. How do you feel about monopolies? This is what happens when one learns history from MAGA sources.
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Post by Captj on Aug 17, 2024 17:38:56 GMT -5
FYI: Nixon issued Executive Order 11615 (pursuant to the Economic Stabilization Act of 1970), imposing a 90-day freeze on wages and prices in order to counter inflation. This was the first time the U.S. government had enacted wage and price controls since World War II. Yes, it was a Republican administration for those of you who can't remember. And having been involved in the food service business for most of my life I can state that according to the wholesale food prices I still receive daily that the retail sector is making landfall profits on their sales. One could question why Walmart is at least 25% cheaper or more on like products. Instead of criticizing Harris for doing something constructive how about opening your eyes to who and what is really taking your hard earned money daily. It is called economy of scale. Pick up a book sometimes. Might learn something! Economy of scale? Think Publix has less buying power for food than Walmart? I picked up many books, and graduated from the school of hard knocks. Created and sold a few money making food distribution companies without sacrificing my ideals. Fact is that we are being hosed by those multinationals who have taken over production of our food items, pharmaceuticals, fuel products, construction materials, and I could go on, but there is no convincing anybody who's mind is already made up. Might be a time to listen to different takes on the same subject.
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Post by illinoisfisherman on Aug 17, 2024 17:44:24 GMT -5
Price gouging?
Not Biden/Harris caused inflation?
That’s a very unique theory
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Post by cadman on Aug 17, 2024 18:31:31 GMT -5
I am unsure what she will propose, but I would guess it would be similar to many state laws if she has any smart advisors. I think any proposal will also require legislative action. But she might be able to do something through executive orders.
Most likely will be an executive order or bill through Congress that says once the President declares a state of emergency, a company can not increase its profit over what it was before the emergency was declared. This would mean, that during events like Covid, a President can declare a state of emergency and companies will ensure their markup on goods remains what it was before the state of emergency. Once the emergency was lifted, things would return to normal.
it will be interesting to see what the proposal is.
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Post by restlessnative on Aug 18, 2024 9:40:36 GMT -5
It is called economy of scale. Pick up a book sometimes. Might learn something! Economy of scale? Think Publix has less buying power for food than Walmart? I picked up many books, and graduated from the school of hard knocks. Created and sold a few money making food distribution companies without sacrificing my ideals. Fact is that we are being hosed by those multinationals who have taken over production of our food items, pharmaceuticals, fuel products, construction materials, and I could go on, but there is no convincing anybody who's mind is already made up. Might be a time to listen to different takes on the same subject. I try not to post too much in this insane asylum, but can’t let this one pass. I don’t think Walmart has more buying power than Publix, I know. I have clients that sell to both, and 100% Walmart does and buys at lower prices for the exact same product. How you think a retailer that only covers the southeast has as much buying power as a worldwide retailer is beyond me. They absolutely stick it to their vendors, and as has been said before have massive economies of scale the whole way through the system. I know you have a lot of personal experience and normally at least respect your opinion, but I’m sorry you are just flat out wrong on this one.
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Post by cadman on Aug 18, 2024 10:01:56 GMT -5
The buying power of Walmart does help some, but let's be serious. The overhead at Publix is much higher on a store-by-store basis. Publix has more employees keeping the store stocked and clean, and helping customers. The employees are better trained as well. It costs more to operate a Publix than it does a Walmart. Walmart relies on those low prices to get you in even if the employee service sucks and the store is dirty.
Walmart can also take a vendor's product, move the manufacturing to China with a special "Walmart model number" and sell it much cheaper, it just has the brand name on it and is not the quality of their other products. Walmart also dictates the terms you will sell to them. Many items in Walmart are not owned by Walmart and Walmart only pays the vendor when the product is scanned through the register.
Walmart has a huge advantage being the largest retailer in the world.
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Post by misterjr on Aug 18, 2024 11:51:00 GMT -5
Generally, I'm not too fond of anecdotal stories, but here is an example of price gouging. In 2021, I was looking for a new car to lease and walked into a dealership and found the car I wanted. As I was looking at it, I noticed the sticker and the dealer had added $10,000 onto the price of the vehicle due to the chip shortage.
I drove to the dealership new door and drove out with a car at sticker price (the last car on the lot).
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Post by Captj on Aug 18, 2024 12:30:15 GMT -5
I had the pleasure of doing business with Publix, Walmart, Walgreens, Target, Winn Dixie, and a few of the larger distributors - Sysco, US Foodservice, Cheney Bros to name a few, and they all try to pressure the vendors on price. The reality is that the larger ones such as Walmart and Publix need the vendors who can supply product in the quantities they require, and many times are paying more for the product than the smaller vendors. My category was frozen foods (ice cream) and certain meat products. Volume was impressive, but profit was rather small.
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Post by illinoisfisherman on Aug 18, 2024 22:18:24 GMT -5
Harris and Biden own the massive price increases
She is trying anything to get away from the responsibility
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Post by luapnor on Aug 19, 2024 9:23:48 GMT -5
Generally, I'm not too fond of anecdotal stories, but here is an example of price gouging. In 2021, I was looking for a new car to lease and walked into a dealership and found the car I wanted. As I was looking at it, I noticed the sticker and the dealer had added $10,000 onto the price of the vehicle due to the chip shortage. I drove to the dealership new door and drove out with a car at sticker price (the last car on the lot). Thank you for a great example of how "Price Gouging" is hugely misunderstood and a pretend problem. Price gouging can only occur when the market is protected by the government. If the government said you had to buy that particular marked up car... and the dealer knows this and marks it up based on that... that is price gouging.
But you clearly state that you left the store, drove next door and bought a car you felt better about. You didnt even buy the car you were complaining about because you didnt want it bad enough to pay that extra price markup. But clearly someone did or it wouldnt support that higher price.
Prices are how inventory is managed.
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Post by throttle on Aug 19, 2024 15:00:59 GMT -5
It will never pass the courts, it’s political red meat. Of course, but to even suggest price controls as a response to inflation is like bragging through a bullhorn of one's economic illiteracy. And isn't it weird that corporations only got greedy after democrats were in power? Almost as something else was actually causing inflation...
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Post by PolarsStepdad on Aug 19, 2024 15:23:06 GMT -5
Remember when President Nixon instituted price controls and froze everybody's wages too? Pepperidge Farms remembers. (I wasn't born yet)
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Post by biminitwisted on Aug 19, 2024 15:24:58 GMT -5
Remember when President Nixon instituted price controls and froze everybody's wages too? Pepperidge Farms remembers. (I wasn't born yet) Bigly Communists, of course.
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