Latest Breaking News

multigraincracker

(36,370 posts)

35. Users, like airlines and railroads use to

Wed Apr 27, 2022, 06:18 PM

Apr 2022

Balance the highs and lows in the futures markets and it worked out well for them. They had the storage to take delivery. That all changed some years ago and the future markets were opened up to investors that were not end users and no storage. It turned into a casino with bets placed.

The Father of Capitalism, Adam Smith, in his book Wealth of Nations thought markets were able to balance prices with the laws of supply and demand. He also thought markets needed regulations to prevent monopolies that would manipulate the markets. Along came neoliberal economics and did away with regulations. Banks, energy and other businesses consolidated to bring about today’s monopolies and what we are now living with.

Just my opinion.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

46 replies

= new reply since forum marked as read

Highlight:

Revealed: Top US Corporations Raising Prices on Americans Even as Profits Surge [View all] eissa Apr 2022 OP

It has been repeated ad nauseum to little effect. It is what it is ... uninformed but misinformed KPN Apr 2022 #1

"What's good for grifters is good for grifters." - Republicans Achilleaze Apr 2022 #2

There is some legitimate inflation Pantagruel Apr 2022 #3

Even with oil at $100/barrel, that does not require an increase in the world wide wally Apr 2022 #14

Where do you live that shipping and refining don't require any energy? mahatmakanejeeves Apr 2022 #21

I didn't say "any energy" I said "more" world wide wally Apr 2022 #23

Where does moving ten times as much product not require an increase in expense? mahatmakanejeeves Apr 2022 #26

You think refinery workers and petroleum truck drivers work for 2016 wages? mathematic Apr 2022 #33

Take a deep breath. world wide wally Apr 2022 #34

yes but inflation is 7% Skittles Apr 2022 #31

That is impossible Zeitghost Apr 2022 #38

As long as idiots blame Biden IronLionZion Apr 2022 #4

Yep! calimary Apr 2022 #11

What's that they say.... let no crisis be wasted. groundloop Apr 2022 #15

Indeed ck4829 May 2022 #45

This message was self-deleted by its author turbinetree Apr 2022 #5

Now how much taxes did they pay compared to the average person.... turbinetree Apr 2022 #6

The fact that every mention of inflation doesn't include this info is media dereliction of duty. Nt Fiendish Thingy Apr 2022 #7

In a related story. More people living in poverty. twodogsbarking Apr 2022 #8

Grabbing all those $15 an hour raises. dchill Apr 2022 #9

Sucking the life blood from everyday Americans one dollar at a time... Historic NY Apr 2022 #10

"Price gouging" could be responsible for some, but yes there is inflation. Call it a hoax Hoyt Apr 2022 #12

Corporate greed and inflation are not mutually exclusive. brooklynite Apr 2022 #13

Majority of Americans get it that price gouging is occurring. rockfordfile Apr 2022 #16

do the majority of voters Skittles Apr 2022 #41

Just from a business perspective, without moral/ethical concerns ToxMarz Apr 2022 #17

Someone here suggested the term "Greedflation" nuxvomica Apr 2022 #18

I like that ck4829 May 2022 #46

Capitalism has nothing to do with supply and demand. multigraincracker Apr 2022 #19

"Capitalism has nothing to do with supply and demand." mahatmakanejeeves Apr 2022 #28

I don't see the supply in that formula. multigraincracker Apr 2022 #29

The oil market is not something I ordinarily follow on a day-to-day basis. mahatmakanejeeves Apr 2022 #30

The IEA report aside, there's this: mahatmakanejeeves Apr 2022 #32

Users, like airlines and railroads use to multigraincracker Apr 2022 #35

A vast right-wing conspiracy, I tell you.* KY_EnviroGuy Apr 2022 #20

Laws written over the last 4 decades have steadily moderated the risks inherent in businesses. jaxexpat Apr 2022 #22

This for crappy Mexican (Not really Mexican) food. ... aggiesal Apr 2022 #24

That was the pattern of stagflation back during the Nixon administration Model35mech Apr 2022 #25

profit is not inflation, when demand is high, prices will rise regardless of profit AlexSFCA Apr 2022 #27

Simple questions that were asked a lot from 1939-1945, during World War II. roamer65 Apr 2022 #36

Is there a politician out there that is going to run on instituting gasoline rationing? MichMan Apr 2022 #42

Of course not. roamer65 Apr 2022 #43

Yep, they're all yanking our supply chain. LudwigPastorius Apr 2022 #37

FTR, Hershey's is unique in that the entire company Deminpenn Apr 2022 #39

NPR has an interesting conversation on inflation. XacerbatedDem Apr 2022 #40

K&R ck4829 May 2022 #44