Damning Report Confirms Big Businesses Have Been Price Gouging To Inflate Profits | 10 News First
A damning report has confirmed we're being screwed by big business, revealing the deceptive ways money has been clawed from our pockets to inflate profits, with the Government being told to step in and end the gouging of consumers. Subscribe to 10 News First to get the latest updates and breaking news: bit.ly/37DDbL1
#finance #money #inflation #costofliving #supermarket #pricegouging #australia
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Пікірлер: 62
$48 for a 30 pack of Coke Zero at Woolies but $28 at Aldi the jack a$$es
Price GOUGING should be against the LAW
@remyfanggidae3277
4 ай бұрын
Let see if the parliament care and bold enough
@ArtyBayville
4 ай бұрын
price gouging doesn't exist.
@RAM_845
4 ай бұрын
@@ArtyBayville YES, it DOES mate...Companies buys things on a CHEAP and sell DOUBLE than what they PAY for.,
@sensaznal
4 ай бұрын
@@RAM_845 a 300% mark up is normal for business but when it's 1000% mark up it is price gouging.
@RAM_845
4 ай бұрын
@@sensaznal 300% or 1000% is STILL price gouging.
Not only do we get the pleasure of paying way to much we then get to serve ourselves while someone watches you like we're the criminals
@1ihws
4 ай бұрын
And don’t forget the well position cameras above selfserve checkouts - so if you have to enter a pin number from your card to make a purchase, it’s probably on cctv!
I felt like crying today I had to go to the food bank and there was ques out the door for people trying to get basic supplies
@Ful-OGold
4 ай бұрын
How many of those people smoke and drink I wonder?
@user-tw1js5ye9s
4 ай бұрын
Dtryryryry
At least the media and other organization are doing more to help on the cost of living than our government.
And so? What does the report do? Force them to lower prices? Then they lower prices and fire staff to cut costs?
Big business always screws over the bottom line in pursuit of profits. From airlines to supermarkets, to utility companies and media corporations. Australia needs to focus on monopolies, otherwise democracy and competition will always be dead.
And a big thank you to our farmers they have always been shagged by banks governments and retail giants most people have not a clue how hard they work to feed Australia and the world I am disgusted in how they are treated it's not the Aussie way the same as our returned soldiers were treated sickening
The law should be chained they've gotten away with this for to long
How is this a surprise, we all know this has been happening.
Nothing about leaving incorrect prices on food meaning people think it's a lot of cheaper, I got banned from my local Woolworths for trying to tell people about this
Nothing will change.
They all rip off innocents together ,people suffer more than ever before !
One thing that government can’t fix is people with a greedy heart.
@sensaznal
4 ай бұрын
It is called capitalism.
It's a normal practice in Australia
Time to redeem the special customer discount!
The supermarkets will only change if they end up with a bigger problem.
Just look at how AGL hiked the electricity price ..... Within 4 months, the rate has tripled! Look at how much the feed-in tariff if compared to the electricity usage rate !!!
And what can we do, the big business is buying the competition up.
where's the compensation for theft?
How many times do we here this one ? The price of a barrel of oil has risen so expect to pay more at the pump ! But when price of a barrel of oil drop the price at the pump don't The beef farmer's are getting high price for beef cattle expect to pay more for meat products! ! but when the farmer getts less per head of beef cattle price don't drop Conection fees for utility bills rise every year to do what ? Hgh Fees on your supper funds to sends you a statement & that's all they do . They already make a profit from investing your money held in accounts
This has been happening for a long time, especially under the Liberal Party with their arrangement with big business.
@rowan226
4 ай бұрын
Too true
Damning? I'm pretty sure we all kmew
they've always done it, so maybe someone should've said it ages ago
What do you expect with huge shareholders and stakeholders like Vanguard and CO in this world. People owned supermarkets needed, Australian only apply keep farmers alive to keep us alive, us Australians.
no kidding...
Woolworths half price is misleading, skincare is still cheaper at chemist warehouse without yhr so called half price
The government has a lot to answer for!
@rowan226
4 ай бұрын
This and previous governments. Look at the private health insurers, under coalition every increase on consumers, requested each year was granted. Why? Because they pay the liberal politicians and lobby/fund elections. Crazy non democratic world we live in. America F yeah
We need to empower the public
this is monopoly capitalism doing what its always going to do - extract as much wealth from the public as it can get away with and then say its due to the pandemic, or the war in ukraine, or inflation and the public are utterly powerless government regulation with teeth is what is needed against the inhuman greed of big businesses - - and it is these businesses who are causing the inflation, yet as usual the RBA will ignore them and just put futher pressure in the public to pay the bill
@Ful-OGold
4 ай бұрын
Yep not to mention all the government hand outs like job keeper. So many big businesses happily took job keeper but later reported record breaking profits and didn’t pay back what the government gave them. The country is stuffed, the world is stuffed, people’s morals are stuffed.
DUUH !
Thanks ALP!
@TheOmegaTheOmen
4 ай бұрын
Not labours fault.
@RAM_845
4 ай бұрын
@@doozey1 Well said, MAJOR Parties in general prefer people to be poor and OWN NOTHING.
@dekumutant
4 ай бұрын
Mate THEY ARE THE ONES SHINING A LIGHT ON THIS. After 10 years of inaction they are the ones actioning this report. Get your head out of the sand. The people in power don't want labor in because they know this kind of light will get lit on them
@soulsurvivor8293
4 ай бұрын
@durrie555 Considering Labor has barely been in Government for less than a quater of the time the Coalition has been in the past 50 years. It's pretty obvious who's at more fault here. After all, how cannyou expect any long-term, meaningful change when one Party is lucky to get even 1-2 term's in Government most of the time?
@RAM_845
4 ай бұрын
@@soulsurvivor8293 and my comment has been hidden...truth hurts as usual
Who cares
@david020218
4 ай бұрын
you obviously live with your mummy and daddy and they pay for your food and bills
@rowan226
4 ай бұрын
@david020218 or he is a boomer that owns a few houses and has shares in woolies, Coles, banks and qantas?
@OgglyGoogly
4 ай бұрын
@@rowan226 Shares are not the best return on money so no, I ro invest in ny own businesses and employee's though.
President Xi said CCP encourage Australia businesses to have price gouging to help China's economic. 🤣😂
Go ALDI they are the best
Damning? I'm pretty sure we all kmew