Eddy Posted February 17 Report Share Posted February 17 Incredible how so very many people to-day are incapable of comprehending even the most elementary of economic theory as it relates to real-time situations. I'm thinking here, of course, about the insane profits that Big Grocery has been enjoying -- and all at our expense in the check-out counter. Prominent reps from the industry would have us all believe that the high prices at the consumer level are directly attributable to high prices from their suppliers,. So how to account for the recod-setting profits when any capitalist worthy of the name who wants to remain in business would automatically just raise his retail prices to match these mark-ups...? supplier prices go up...? Retail prices are raised correspondingly. That translates to an unchanged profit level, does it not...? In layperson's terms, we're talking net zero here. So how ten to account for the recent stellar profits...? Easy. Simply raise the consumer prices more than what those pesky wholesale ones did. PERIOD. Why Canadian consumers -- & our federal "inquirers", too -- can't seem to able to grasp that reality goes way beyond my ability to think logically. Meanwhile, the oligarchy that is Big Grocery rolls in the piles of their new-found riches that cotinue to result from this "magic"formula, & taking great delight at the universal ignorance that is Canada personified to-day. Quote Link to comment Share on other sites More sharing options...
Perspektiv Posted February 20 Report Share Posted February 20 Obviously many are padding their profits as you have a monopoly at the top, making it harder to do something about it. However, you saw over the years, many grocers taking advantage of the product shortages, which skyrocketed demand for their products. You'd think it would hurt a grocer. If you struggle to find toilet paper, you would see a pallet of it land, and get snatched up quickly, at full price, no less. There are multiple variables at play here. Also, the fact groceries are a necessity. Was on market for an SUV, but prices are extortionate, so would rather wait a few more years as my car is still immaculate. Quote Link to comment Share on other sites More sharing options...
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