Inflation here? gas/grocery prices just continue to climb (2 Viewers)

[bigdaddysaints]

talking about construction- 12 yard dump truck of dirt- $400

you said "dirt cheap" - he saying "dirt aint cheap".

get it? like a dad joke lol

dirt is cheap. Its free, just walk outside and grab some. now a truckload of dirt isn't cheap. but you are realy jusy paying for the truck and the driver and the person who loaded it.

 

[Tapxe]

A corporation's #1 goal is to make money and make as much money as possible. They will always charge right at the ceiling and try to cut costs as much as possible. Not sure what people to expect them to do? Say they have enough money and start gifting things to people? Never going to happen and shouldn't.

This is all fine. The problem is that corps have forgotten the workers. We are approaching the point where workers cannot afford the products they produce. This is a problem of shortsighted boards only concerned about their own bank accounts.

 

[0rion]

This is all fine. The problem is that corps have forgotten the workers. We are approaching the point where workers cannot afford the products they produce. This is a problem of shortsighted boards only concerned about their own bank accounts.

Not sure they've ever really had their workers best interest in mind to begin with much past how do they benefit the company. On a local level maybe but board rooms probably have never truly cared about the average worker. As long as the job gets done they don't care who's doing it and the cheaper it gets done the better.

 

[Bayouboy]

talking about construction- 12 yard dump truck of dirt- $400

you said "dirt cheap" - he saying "dirt aint cheap".

get it? like a dad joke lol

YAS!

 

[superchuck500]

This is all fine. The problem is that corps have forgotten the workers. We are approaching the point where workers cannot afford the products they produce. This is a problem of shortsighted boards only concerned about their own bank accounts.

Henry Ford was sued by his shareholders over his plan to use corporate profits to increase production and raise wages without passing costs to the buyers because he thought it was patriotic.

The shareholders won and the Michigan Supreme Court ruled that Ford's plan to use corporate surplus in such a manner violated the company's duty to shareholders.

Ford could have argued that allowing more consumers to buy cars (in the mid- 1910s) would mean greater future sales because many of these buyers didn't own cars at all yet and would be hooked on Ford for future purchases . . . but he didn't. He believed in the principle of that matter, but his principles were inconsistent with profit-making and distributing.

In other words, that quote is at substantial odds with the US model of corporate moneymaking.

Dodge v. Ford Motor Co. - Wikipedia

en.wikipedia.org

 

[HoustonSaint68]

Not sure they've ever really had their workers best interest in mind to begin with much past how do they benefit the company. On a local level maybe but board rooms probably have never truly cared about the average worker. As long as the job gets done they don't care who's doing it and the cheaper it gets done the better.

This. I think it's a race to see which comes first:

1) Unions find a way to thread their way through "free trade" agreements and dictatorial governments to organize worldwide so as to MAKE corporations and government-controlled economies care;

2) Populist movements around the world lead to trustbusting;

3) Populist movements around the world lead to autocrats which lead to dictators...and then the dictators give the populists a warped government-controlled version of the "socialism" they so loudly fear;

4) Populist movements around the world lead to regional wars which lead to world war.

 

[HoustonSaint68]

Henry Ford was sued by his shareholders over his plan to use corporate profits to increase production and raise wages without passing costs to the buyers because he thought it was patriotic.

The shareholders won and the Michigan Supreme Court ruled that Ford's plan to use corporate surplus in such a manner violated the company's duty to shareholders.

Ford could have argued that allowing more consumers to buy cars (in the mid- 1910s) would mean greater future sales because many of these buyers didn't own cars at all yet and would be hooked on Ford for future purchases . . . but he didn't. He believed in the principle of that matter, but his principles were inconsistent with profit-making and distributing.

In other words, that quote is at substantial odds with the US model of corporate moneymaking.

Dodge v. Ford Motor Co. - Wikipedia

en.wikipedia.org

Aaaand, this.

I can see why some might think that the argument I've been making against the mustache-twirling is simply semantics. But I think it's more than that. So long as people have this idea that the root of the problem is just a cabal of uber-rich board members and executives trying to line their own pockets, the problem will never get solved. That's just the eye-candy. As I argued above, it's much more fear that drives corporations than it is greed.

The root problem lies in the above quoted post. A short-sighted and short-term view of profit...and one that is getting shorter and shorter with algorithmic trading and hedging. I certainly don't have the solution, but that's the problem. And "free trade" agreements will be problematic so long as corporations can leverage workers of the world against one another.

I am no communist. And I am certainly not a big fan of tariff-based economics. But this house of cards is going to fall soon without a major shift in approach. And reducing the issue to personal greed just delays a solution because it hides the actual problem.

 

[Bayouboy]

this house of cards is going to fall soon

I think this as well. It doesn't seem like any of this is sustainable.

 

[TheRealJRad]

It’s ok, we’ll bail out the corporations and for some reason handing them billions won‘t lead to inflation like giving us normies a grand will.

 

[bclemms]

It’s ok, we’ll bail out the corporations and for some reason handing them billions won‘t lead to inflation like giving us normies a grand will.

You got a grand, the corporations got hundreds of billions and the government got trillions. Not a single one of them would have really caused inflation. All three of them at a time where the supply chain got crunched, that's another story.

I only mentioned the checks because they are being used as political rhetoric and as all rhetoric goes, it's inaccurate and the whole part is made up of half lies and half truths.

 

[Mr. Blue Sky]

Henry Ford was sued by his shareholders over his plan to use corporate profits to increase production and raise wages without passing costs to the buyers because he thought it was patriotic.

The shareholders won and the Michigan Supreme Court ruled that Ford's plan to use corporate surplus in such a manner violated the company's duty to shareholders.

Ford could have argued that allowing more consumers to buy cars (in the mid- 1910s) would mean greater future sales because many of these buyers didn't own cars at all yet and would be hooked on Ford for future purchases . . . but he didn't. He believed in the principle of that matter, but his principles were inconsistent with profit-making and distributing.

In other words, that quote is at substantial odds with the US model of corporate moneymaking.

Dodge v. Ford Motor Co. - Wikipedia

en.wikipedia.org

TIL…. Seriously, i must have missed that particular History class at MHS .. very enlightening story to help illuminate where we find ourselves today in corporate America .

 

[SteveSBrickNJ]

I havent been to Singapore for much more than a layover, but from what i understand, Singapore and Japan are two of the most expensive countries on Earth .. best food ive found anywhere, consistently , is in Thailand- and it’s dirt cheap .

My friend....when walking in their many many upscale malls, you will see a great amount of beautiful 21 to 29 year old women. I've never seen so many beautiful women all under one roof as the time I spent in Singapore.

 

[superchuck500]

TIL…. Seriously, i must have missed that particular History class at MHS .. very enlightening story to help illuminate where we find ourselves today in corporate America .

No worries - I learned that in Corporations in law school, not MHS.

 

[Mr. Blue Sky]

My friend....when walking in their many many upscale malls, you will see a great amount of beautiful 21 to 29 year old women. I've never seen so many beautiful women all under one roof as the time I spent in Singapore.

Haha, there may or may not be as many- or even more- beautiful wimmins walking in the malls of Bangkok, and Chiang Mai and Phuket and in Cebu City or any number of other cities in Asia……….. OR SO I HAVE HEARD

 

[efil4stnias]

Haha, there may or may not be as many- or even more- beautiful wimmins walking in the malls of Bangkok, and Chiang Mai and Phuket and in Cebu City or any number of other cities in Asia……….. OR SO I HAVE HEARD

or lady boi.....ask Stu.