Report: Executives Are BRAGGING About Price-Gouging Americans

Progressive watchdog group Accountable.US reveal the brashness of executives using price hikes to bolster profits. Cenk Uygur, Ramesh Srinivasan and John Iadarola discusses on The Young Turks. shoptyt.com/collections/justi...
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"An analysis released Tuesday shows that executives at some of the top publicly traded companies in the United States aren't exactly being coy about using their pricing power to hike costs for consumers and boost revenues and profits-which are then dished out to wealthy shareholders.
The progressive watchdog group Accountable.US noted in its new report that "some of the largest general consumer S&P 500 companies have admitted to benefiting from increased prices as their net profits increased year-over-year and they rewarded shareholders with billions in handouts.""
***
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230616__TA04PriceGouging

Пікірлер: 368

  • @rowann26
    @rowann26 Жыл бұрын

    It shouldn’t be called inflation when it is price gouging and greedflation

  • @aaron-n
    @aaron-n Жыл бұрын

    These executives need to be dragged into the streets.

  • @birdlover7776

    @birdlover7776

    Жыл бұрын

    Seriously !

  • @NicolasMendoula
    @NicolasMendoula Жыл бұрын

    That's why regulations are important. That's why corporations should never be involved in politics. But people keep voting against their own interests.

  • @Shawn-le1wq

    @Shawn-le1wq

    Жыл бұрын

    The people's vote doesn't matter when the corporations buy the politicians. 🤷‍♂️

  • @danielwolf8365
    @danielwolf8365 Жыл бұрын

    And still no action from the people we elect and pay to represent us. You can only overload the top for so long before it causes everything to collapse.

  • @AdmiralBison
    @AdmiralBison Жыл бұрын

    Remember, this is not about Culture wars- fighting horizontally, left vs right, Dems vs Repubs or red vs blue. It's about Class war - fighting vertically, top vs bottom, corporate America vs working class and the 1% vs you (us).

  • @noel7777noel

    @noel7777noel

    Жыл бұрын

    White collar crime vs non-criminals. If the math doesn't add up, it's fraud.

  • @heartgirl40
    @heartgirl40 Жыл бұрын

    Corporate greed is the ONLY driver of inflation. There is extremely little actual scarcity among literally anything we use in our day-to-day lives. Even when there's a bit less or things due to supply chain issues, stuff still isn't SCARCE scarce.

  • @palmshoot
    @palmshoot Жыл бұрын

    The one that gets me is when business folks say that Americans are still living off stimulus checks sent out a good while ago.

  • @ryanw7196

    @ryanw7196

    Жыл бұрын

    Oh dude I know, I remember seeing some nonsense not too long ago when "quiet quitting" was the thing to talk about and they were like "No one has to work because of the stimulus checks!" I was like "are you serious, that tiny pittance that couldnt even pay a single month of most peoples rent?"

  • @palmshoot

    @palmshoot

    Жыл бұрын

    @@ryanw7196 Exactly, and the interviewers just let it slide.

  • @tommyboy1653
    @tommyboy1653 Жыл бұрын

    Higher wages are a problem ,CEOs at Blackrock and similar places pay theirself $25.000.000 a year. Nobody is worth that much to sit in an office chair .

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    25 MILLION?

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    That's over $10,000/hour.

  • @manuelvillacana9284
    @manuelvillacana9284 Жыл бұрын

    So it doesn't matter who's in power whether it is Democrat or Republican

  • @mrbrooklynite

    @mrbrooklynite

    Жыл бұрын

    True but repugs say they wanna kill people n take what little rights we got left

  • @calebseverson318
    @calebseverson318 Жыл бұрын

    I was happy to hear recently that Arizona Tea co, did not raise their prices. Their cans are still $.99 each. They tightenened their own belts instead of charging us more. Glad to hear Costco didnt raise their prices either. So few actually try to help us. Who else cares more about their consumers?

  • @hfc3249

    @hfc3249

    9 ай бұрын

    They raised it in Mexico. Walmart is selling them as 6pack 12oz cans and are more expensive 🫰

  • @lngtimesurfer
    @lngtimesurfer Жыл бұрын

    Same corporations that will plead poverty when the well finally dries up and they need the Fed to step in and bail them out

  • @vidsbyme2590
    @vidsbyme2590 Жыл бұрын

    50% tax on stock buy backs, 30% tax on all US drilled gas and oil exported. Let the free market reign! Removal of all tax benefits from corporations that pay CEOs above a certain % of average company wages just like many EU countries. Ditch the carried interest loophole.

  • @sallysnow777
    @sallysnow777 Жыл бұрын

    Of course people are going to buy the overpriced items, especially food! They have no choice!

  • @mokumboi19
    @mokumboi19 Жыл бұрын

    There are several studies that all demonstrate how 55-60% of the inflation since the start of the pandemic had gone straight to corporate profits. It's undeniably full on price gouging.

  • @jon2026

    @jon2026

    Жыл бұрын

    This is how corporate America works. If they can't get their Republican tax cuts, they'll steal it right out of your pocket. They key is to stop buying. Work at becoming more sustainable. Limit big purchases. Learn to live with less. Screw these corporations.

  • @jgcelliott1
    @jgcelliott1 Жыл бұрын

    "They take our money and give us the middle finger." Sound familiar? .

  • @robinparker6178
    @robinparker6178 Жыл бұрын

    Corporations have to be stripped of their rights as people under the law. They went from paying 75 percent of the nation's taxes to Less than 25 percent. Corporate mentality and greed have to be STOPPED

  • @gravestone4840

    @gravestone4840

    Жыл бұрын

    Who is going to stop them? The courts? Congress? They own both of those. You're absolutely correct they need to be stopped but there is no way to do so. Voting new faces into Congress won't change a thing either, the system itself ensures that. There is no fix that doesn't involve grinding ALL commerce to a halt or laying hands to these monsters. If we find either of those options distasteful then we might as well pack it in and get used to this because we've already lost.

  • @toniarmijo9943

    @toniarmijo9943

    Жыл бұрын

    I keep thinking about how much the homeless population has EXPLODED! How many people that are living in poverty UNNECESSARILY! People that can't get health care or child care... This is MY proposal. A NATIONAL WALK OUT. In ONE day, EVERYONE walks off of the job. EVERYONE. Yes, even critical services. You see, it seems the fat, greedy corporate fuques seem to have forgotten where all that money comes from....YOU! YOUR LABOR!! I say it's time for a DRASTIC REMINDER! Now, I know a lot of people will say "yeah, but then I'll lose my job or can't pay my rent". So, I ask...Is that shitty job REALLY paying for your rent? Or, is it keeping you locked into poverty? Is the PITTANCE they pay us REALLY a "living wage"? Ofc NOT. It's NOT. Ofc people are afraid. It's terrifying times right now. Which is EXACTLY why I think THIS IS the time to get their God damn attention! The politicians, the corporations, yes, even the law. ALL of it is just TAKING, TAKING, TAKING!! They took a woman's right to bodily autonomy, her right to privacy. They are taking away books, education, wages, healthcare, social safety nets, medicaid, food stamps, retirement... WHAT'S LEFT? Shall we ALL wait until we are homeless? Dying? Too Ill to fight back? Too poor to even be heard? Drastic times call for drastic measures. NATIONAL WALK OUT DAY!! That may be the ONLY thing that FINALLY gets their God damn attention cause it's the ONLY thing that will hurt their bottom line.

  • @samk4801
    @samk4801 Жыл бұрын

    I had already started to cut back on my Amazon purchases, but after checking for some scrubbing cleaner that Amazon was selling it for $8, I found Walmart and Home Depot were selling the same produce for $2.25. And that was just the beginning. Time and again I found that Amazon was not the great bargain store it had been in the past. (And factor in how many bogus reviews there are on Amazon, and the fact that they're basically just funneling stuff from China to the US, it's not worth the hassle any more.) So while Amazon raked in billions of dollars of profit in the first few months of the lock down, I have: 1. Cancelled my Prime membership. 2. Cut back my Amazon purchases to almost zero. Granted...one person doing that won't bring Amazon down, but the more people do, the more it hurts them. And they deserve to be hurt. The government should have implemented a windfall profit tax on them and everyone else who gouged consumers during the lock down and subsequent to the lock down. But that never happened. And it's not just the Republicans to blame. The Democrats have their fair share to go around as well.

  • @8arrows

    @8arrows

    Жыл бұрын

    Both parties invested in Amazon & fed ex, ups, and other delivery services during Covid because they predicted ppl staying home will need shit delivered.

  • @michaelmci7778
    @michaelmci7778 Жыл бұрын

    What's crazy is I'm a mover and I recently moved a customers who work for tyson and Kimberly Clarke. Tyson is paying over 50k to move him plus his closing costs for selling home. All of this dispite him retiring in 2 years. They won't raise wages or lower prices they hoard money and blame everything else.

  • @Carolynj
    @Carolynj Жыл бұрын

    It was a major talking point on the mainstream media. You got to lower wages to bring inflation down. I thought, who is getting overpaid when your minimum wage is so low. At the bottom, which is 90% people spend what they earn. Driving the economy anywhere. It's like grocery shopping. Every week something else has gone up in price. Just because they know you need to buy food etc. that sustains your life. You don't have a choice because they're all doing the same thing. Prices never go down. It's just a pursuit of more profit, inflation is a convenient lie. Paycheck to paycheck is the reality for most working families. It's only the rich that sit on money they never spend.

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    Wrong take away message. The RIGHT message is that workers were gaining too much bargaining power, so corporations drove up inflation to stop this. Rising worker power, not continued poverty, is what corporations find unacceptable.

  • @Carolynj

    @Carolynj

    Жыл бұрын

    @@scifirealism5943 no, the threat maybe, but the way they've fought against union formation is dirty. People still don't get a living wage. Family leave, sick pay, when do people go on holiday? And now, looks like work from leaving school to just before you die. If they make it that far.

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    @@Carolynj what i'm saying is this: 1. worker solidarity and wage based poverty cannot both exist at once. Doctors can refuse to work for $10/hr. Cashiers can't, not on their own. They can collectively. If all workers had the power doctors do, noone would accept jobs that paid below the cost of living and/or had no benefits like paid sick leave. 2. I'm saying the truth of our values lies in what we are NOT willing to do(JFK was wrong). Corporations prioritize eradicating collective bargaining over the impoverishment of their workers. Well, news flash fox news, there wouldn't need to be collective bargaining or welfare if people were paid enough in the first place. Just like doctors don't need food stamps.

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    @@Carolynj i agree. it's messed up. but the core problem driving this is ideological, not economic: corporations and politicans do not find poverty unacceptable like they do rape. This change in politics requires a shift in our values. Billionaires and corporations stand to lose from workers have collective bargaining. They stand to lose from the elimination of poverty.

  • @OrangeStrayCat
    @OrangeStrayCat Жыл бұрын

    First we should call the original price increases what they were: disaster price gouging. Companies charged more because people were desperate. It's just that there's no actual competition in any sector of this country's economy, so after people stopped being desperate they realized they didn't actually have to lower prices again. Second, the Democrats don't make things better. I'm sure there are some people that do, but I think most non-Republicans are coming around to the idea that what Joe Biden said is the party's motto: Nothing will fundamentally change. When republicans are in charge they wreck the country even more, and when Democrats are in charge, they largely don't do anything at all.

  • @GaryParris
    @GaryParris Жыл бұрын

    complicity to price gouge is so normalised by both business and politicians who take money in donations by those same businesses should be imprisoned for 6 months for each occurance!

  • @CynthiaAustin
    @CynthiaAustin Жыл бұрын

    I’ve shopped at Meijer for several years and I buy the same products week after week so I know what the prices were before they started raising the prices. The CPI pegged inflation at 8.7% yet every price increase at Meijer was at least 18% with most increases being above 20%. So don’t tell me that its inflation that caused the massive price increases.

  • @merriemelodiesfan7425
    @merriemelodiesfan7425 Жыл бұрын

    People don't unleash and channel their anger towards corporations enough.

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    Poverty keeps people in line.

  • @albertmooney2628
    @albertmooney2628 Жыл бұрын

    inflation only happens when a business has to increase prices to offset the cost of doing business. the fact businesses are making record profits means they do not have to increase prices.

  • @madbug1965
    @madbug1965 Жыл бұрын

    Dollar Tree went from $1.00 to $1.25. They openly raised prices by 25%! What a rip off!

  • @amyfrancois9121
    @amyfrancois9121 Жыл бұрын

    SAID THIS ALL ALONG… timing, and IGNORANCE of GOP!!

  • @stephaniebrooks8044
    @stephaniebrooks8044 Жыл бұрын

    I remember that! People saying that raising the minimum wage was gonna drive inflation! I don't think so! Price gauging played a big part!

  • @yishnir

    @yishnir

    Жыл бұрын

    Minimum wage wasn't increased. So long as the Corporate profits are high, the price-gouging is high. 'Inflation' is nothing more than a measure of how much corporations have increased their prices over time.

  • @paulpease8254
    @paulpease8254 Жыл бұрын

    Why won’t politicians talk about this??!!!

  • @Glimmmerra

    @Glimmmerra

    Жыл бұрын

    Bernie Sanders, Katie Porter, AOC, and a few more. TYT Watchlist.

  • @pjg6019
    @pjg6019 Жыл бұрын

    This was so obvious all along

  • @jacksprat418-ju5qo
    @jacksprat418-ju5qo Жыл бұрын

    Consumers refuse to fight corporations. They just line up in grocery stores, give free labor to the greedy store, without pay and PAY what they are told to. SHEEP.

  • @BlueDrakk

    @BlueDrakk

    Жыл бұрын

    What are you talking about? Free labor? Where?

  • @jacksprat418-ju5qo

    @jacksprat418-ju5qo

    Жыл бұрын

    @@BlueDrakk Self checkout lanes.

  • @BlueDrakk

    @BlueDrakk

    Жыл бұрын

    @@jacksprat418-ju5qo Its a little bit of both, people like the convenience of self checkout but they definitely need more cashiers and to pay them a living wage.

  • @jacksprat418-ju5qo

    @jacksprat418-ju5qo

    Жыл бұрын

    @@BlueDrakk People with one or two items may find the convenience, but people with a cart full of groceries do not! The corporations do not want to hire real people any more, let alone pay them a decent wage. The problem is normal citizens just don't care and will refuse to stand together to force Corps. to do the right thing.

  • @RiDankulous
    @RiDankulous Жыл бұрын

    There's a lot of people that still won't cut back on higher priced items which aren't necessary; way too many. They don't have any responsibility to do so but I don't want to hear complaints on the unnecessary items, and yes, that most definitely includes eggs. Tell the egg manufacturers to shove it by never buying eggs again.

  • @shirazismail6876
    @shirazismail6876 Жыл бұрын

    Gouging will never stop unless the CEOs are indicted and sent to jail. It's then the prices may go down.

  • @mireillelebeau2513

    @mireillelebeau2513

    Жыл бұрын

    Just tax them and jack up the amount in proportion of their profit.

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    ​@@mireillelebeau2513 that would wipe out any profit increases.

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    ​@@mireillelebeau2513 or tax them 6x the amount their employees use in welfare benefits.

  • @AlbertaGeek
    @AlbertaGeek Жыл бұрын

    Unconstrained capitalism sucks.

  • @RobertStricklandinKorea

    @RobertStricklandinKorea

    Жыл бұрын

    Our invisible foe.

  • @sglushak
    @sglushak Жыл бұрын

    Ok, let's retroactively charge them. Or take it from them at this point. I'm so sick of this crap!

  • @miquelquiles727
    @miquelquiles727 Жыл бұрын

    0:10 The guy's face looking at the receipt that was literally me a few days ago same expression and all... LOL!!!

  • @jamesbriers696
    @jamesbriers696 Жыл бұрын

    Real wages have been stagnant for decades. Productivity growth has been poor for at least a decade. So all these increases in profit have come from prices being raised above the rate of inflation. Prices are being driven by profit margin increases not cost pressure. Wages are lagging way behind prices. We have been collectively getting poorer for decades it's only recently that we have seen that decline accelerate.

  • @traynada5755
    @traynada5755 Жыл бұрын

    TURNING AMERICA INTO A WORK CAMP

  • @james0805
    @james0805 Жыл бұрын

    How about a law saying companies can’t mark up more than say 30%?

  • @Mr_Timi1
    @Mr_Timi1 Жыл бұрын

    Yeah some people are buying food on credit cards... this will not go on forever, there is only so much you can buy on credit.

  • @Drake21339
    @Drake21339 Жыл бұрын

    Eat the rich.

  • @stephencoopet7860
    @stephencoopet7860 Жыл бұрын

    Publix Supermarket is the worst they actually jacked up their soda brand by 25% last two weeks

  • @dannyhudson9659

    @dannyhudson9659

    Жыл бұрын

    Don't know how anyone could buy anything from them they were high before this inflation

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    Wow

  • @dborg56
    @dborg56 Жыл бұрын

    The government needs to punish consumers by manufacturimg an economic crisis resulting in job losses so that corporations are forced to drop prices. A government of the corporations, by the corporations for the corporations

  • @user-jf3jl4sc9z
    @user-jf3jl4sc9z Жыл бұрын

    Well said! Thank you for pointing out the corruption on both sides! Needs to louder for the rumpers in the back.

  • @BoydGilbreath
    @BoydGilbreath Жыл бұрын

    I think very few Americans believed that suddenly inflation changed from something that grows day by day, to something that just occurs instantly.

  • @TSgtOzzy
    @TSgtOzzy Жыл бұрын

    A few weeks ago I watched 3 shows in a row on MSNBC blame the workers for inflation.

  • @JanelleGodwin-zl8li
    @JanelleGodwin-zl8li Жыл бұрын

    It's time to pass laws and regulations against shareholders and investors now. They have admitted to price gouging Merrick Garland+DOJ now at 5 a.m. kick in their doors, arrest them, sue&prosecute them and do all you can to ensure that they spend the rest of their lives in prison and do it now, not after long-winded investigations because they have confessed‼️

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    Politicians are bought by corporations.

  • @jaymzgaetz2006
    @jaymzgaetz200611 ай бұрын

    How are tomatoes as much as steak? How is milk the same price per gallon as gasoline? Houses last 20 years and mortgage payments last 30. Cars last 5 years and their loans last 10 years. We went from companies standing by their products to companies offering you the option to pay more at the register in case their product fails and must be replaced. I guess the real question is where is the integrity? How can you devote your life to a company designed to rip off...YOU ?! They do it because the modern customer doesn't make companies answer for their failures or price hikes while failing. This market could not exist 30 or more years ago because there were much better customers. Customers that repaired and maintained everything themselves and couldn't be lied to for that reason. More for less is here to stay because you allowed it. At least until it breaks our economy and the government initiates PROFIT REGULATION. Has a chilling ring doesn't it? It could be a pre cursor to SOCIALISM. Oh ya...you're freezing now. Next time you go shopping do the world a favor and act like your money is actually worth something. Make the store put that product back on the shelf rather than pay the replacement fee. Raise hell if you're product breaks. More importantly narrow the gap for food prices by buying anything but the safeway brand food products (or albertsons,Walmart, whatever crook your neighborhood has) so they don't continue to undercut and buy up their competition while raising prices and replacing humans with computers at check out. At least focusing on the price gouging of groceries will feed families and reduce strains on public assistance and charities put there by people that do actually care about people. It's time we all kept the fat guys fingers out of our pies.

  • @murdkochforbesiii6990

    @murdkochforbesiii6990

    9 ай бұрын

    Well said.👍👍

  • @sirdrakey
    @sirdrakey Жыл бұрын

    Federal price gouging laws would be nice😅

  • @user-jo8if7lm7v
    @user-jo8if7lm7v Жыл бұрын

    How do we get TYT in the White House press you so yous can hold our government accountable on a national stage cause this is beyond frustrating I spend most of my time a week away from my family and when I do get to be home we go out and we everything is grossly expensive - how and when do we stop the circus in Washington

  • @logibare9228
    @logibare9228 Жыл бұрын

    Publish a weekly list of the companies...

  • @justthinkin5956
    @justthinkin5956 Жыл бұрын

    Cal-Maine (20% of US egg market) increased profit over 900%. Price increase was not due to “Avian Flu” which was excuse to raise egg prices.

  • @Groucho_Marxist_ASMR
    @Groucho_Marxist_ASMR Жыл бұрын

    And here I am BRAGGING about stealing from them. It's the circle of life.

  • @shadowjudge921

    @shadowjudge921

    Жыл бұрын

    Mind my asking, what's your secret?

  • @Groucho_Marxist_ASMR

    @Groucho_Marxist_ASMR

    Жыл бұрын

    ​@@shadowjudge921Maintain plausible deniability. Don't try to make a living doing it.

  • @8arrows
    @8arrows Жыл бұрын

    “16 tons”

  • @madworld5511
    @madworld5511 Жыл бұрын

    The CEO of Proctor & Gamble admitted to this about a year ago on Good Morning with Robin Meade He even said as long as consumers is buying the products why should it be lowered

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    That's messed up

  • @aaronkritusan9397
    @aaronkritusan9397 Жыл бұрын

    I've never really understood why inflation exists as an almost universal modifier. Like, I understand supply and demand, if demand outpaces supply then prices go up to counter demand, or to match rarity of a commodity. I don't understand why prices have to constantly increase the way they are. Resources and land aren't infinite, and demand increases with population, but we also change the way we use land for housing and agriculture over time; we use way less land for farming than we did a century or two ago. Things slowly become more efficient, and when we eventually open up space prices would drop even more, inflation never seems to match demand anymore; it's used like an arbitrary value that corporations and economists set rather than something based on concreate data.

  • @Ex0dus111

    @Ex0dus111

    Жыл бұрын

    The simple answer is because the idea that capitalism would create lower prices through competition was utter and complete bullshit.

  • @robertadams8192
    @robertadams8192 Жыл бұрын

    I remember when Pierre Trudeau introduced wage and price control in Canada. There was no real price control and every level of government adopted wage control. Private employers used the government example as an excuse to screw their workers. Employees had been falling further and further behind inflation for years (double digit inflation). Wages were not even close to keeping up with inflation. But everyone in a position of power (and a lot of the press) blamed wages. The hollowness of the government blaming wages was revealed in the few days before the legislation was fully implemented. First the salary's of all Members of Parliament was increased by an average of 33% (the poor dears had fallen behind inflation). The next day the salary's of their staffs went up about 11% (those poor dears worked so hard - unlike everyone else in Canada - and obviously deserved it - gag). Meanwhile, the day after that all other government employees saw their salary's frozen at a maximum 2 to 3 % increases for 2 years (it lasted for longer than that). Private employees and unions were considered selfish if they asked for increases higher than that.

  • @old_grey_cat
    @old_grey_cat Жыл бұрын

    The same is clear in UK and Australia, partly because we have the same multinational conglomerates and no corporate "social ethics must limit profits" laws.

  • @Uncanny_Mountain

    @Uncanny_Mountain

    Жыл бұрын

    This is why we must call for Direct Digital Democracy without parties or politicians. Citizen initiated referendums with thresholds and a social contract means Communities can vote their own laws. As well as a Public Authority to audit police and prosecute bad actors in our own courts. Thorium energy renders their global energy monopoly obsolete

  • @tommyboy1653
    @tommyboy1653 Жыл бұрын

    Prices on food going up are like taxes ,the prices never come down.

  • @eltorocal
    @eltorocal Жыл бұрын

    Setting a precedence... in other words, "Get Used To It" - Corporate Welfare

  • @mrbrooklynite
    @mrbrooklynite Жыл бұрын

    America celebrates someone shooting a robber in a store but not one robbing you directly 😒

  • @amyfrancois9121
    @amyfrancois9121 Жыл бұрын

    STOP BUYING… watch the price go down!!

  • @Jukantos

    @Jukantos

    Жыл бұрын

    Yeah how do you stop buying food? Cause remember 5 megacorporations own 99,7% of all food you find in US stores. Good luck avoiding them!

  • @Glimmmerra

    @Glimmmerra

    Жыл бұрын

    @@Jukantos Find an Aldi's near you if possible.

  • @lalah9481
    @lalah9481 Жыл бұрын

    So disgusting. Greed kills.

  • @tevetanders9729
    @tevetanders9729 Жыл бұрын

    Why don't the Federal Trade Commission break up these Moniplies?

  • @philliphessel6788

    @philliphessel6788

    Жыл бұрын

    They are appointed by elected politicians. A decisive share of the voters electing the politicians allow the propaganda big money buys to dictate their votes. Therefore, capital is effectively the real government in this context to but a slightly lesser extent than it is outright dictatorship in the corporate government that more directly affects our daily lives.

  • @debrasmith4675
    @debrasmith4675 Жыл бұрын

    Every corporation that I know of has a standard goal of increasing their earnings by 10% each year- regardless of societal conditions. This is built into their recipe and that is why no one but you is sounding the alarm. It has been happening for decades and no one challenged it.

  • @sundanceks5074
    @sundanceks5074 Жыл бұрын

    Absolutely right. I worked in finance for 30 years and I knew that was exactly what was going on. YEAH wages were the problem so let's raise interest rates to control inflation.

  • @kloss213
    @kloss213 Жыл бұрын

    No competition no reason to lower prices. This is a monopoly issue.

  • @firerosenight6937
    @firerosenight6937 Жыл бұрын

    Went to the store today. 4 years ago what I bought would have been 90-110 bucks, today it was 175 goddamn dollars. I say we do as our ancestors did and turn to chaos. I'm pissed off.

  • @brando7266

    @brando7266

    Жыл бұрын

    When I want to buy something, like hotdogs, bacon etc, I will only buy when it's on sale, or check different supermarkets, the prices r sometimes better, it takes more time,but it's worth it,

  • @firerosenight6937

    @firerosenight6937

    Жыл бұрын

    @@brando7266 i live in a small town with the other grocery store 45 minutes away, and Walmart and other name brand stores are 2 hours away. Driving wise. Not a lot of options

  • @brando7266

    @brando7266

    Жыл бұрын

    @@firerosenight6937 sorry, I'm glad I have 4 supermarkets within 5 miles,

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    Sodas used to be $0.75, not it's $2.13. Movie tickets are $17.

  • @firerosenight6937

    @firerosenight6937

    Жыл бұрын

    @@brando7266 do me a favor and enjoy it.

  • @Dominique216
    @Dominique216 Жыл бұрын

    8 items from the market was $94 this is crazy

  • @deadeyetopher8621

    @deadeyetopher8621

    Жыл бұрын

    What worse is all the long time employees are gone because the pay went down as new part time minimum wage employees are made to do full time work in 6 hours a day! With no benefits! I listen to the announcements about great jobs great pay ,great benefits and vacations! All lies! 100% lies ! I can't even plan an unpaved day off 2 month in advance! The jobs I've worked in the past, just don't exist anymore at even half the pay!

  • @lilesmw
    @lilesmw Жыл бұрын

    Price elasticity of demand . Hot damn I remembered something lol.

  • @alicejademarienorris1313
    @alicejademarienorris1313 Жыл бұрын

    Pet food is ridiculously high compared to last year. There is no reason for it other than greed. And it just keeps going up. I noticed some brands had yet another increase this week. Cheaper brands are just as expensive as the name brand pet food.

  • @sootymammal2891
    @sootymammal2891 Жыл бұрын

    I thought price gouging during an emergency is illegal. Like you can't triple gas prices when a hurricane is coming for example. How is the federal government not stepping in or fining these companies?!

  • @philliphessel6788

    @philliphessel6788

    Жыл бұрын

    We allow the propaganda big money buys to dictate our votes in elections; capital thereby dictates the policies of corrupt politicians. We can’t expect an elite not held to account to protect our interests; it takes pressure from the bottom up.

  • @jgcelliott1

    @jgcelliott1

    Жыл бұрын

    We have a country full of dumbasses who think they understand economics and don't realize that they are actually making excuses for the people who are screwing them. Welcome to the clownshow. Popcorn? .

  • @OnyemaechiAmuro
    @OnyemaechiAmuro Жыл бұрын

    *Where the Capitalism lovers at? Caint seem to find them today...* 😏

  • @TW0man4RMY

    @TW0man4RMY

    Жыл бұрын

    I am right here. Price gouging means theres an opportunity for others to enter as competition and profit. Just stop buying a lot of stuff. Just start producing stuff. In an ideal world im a capital S Socialist, but ive learned cap*talists ruin attempts to implement it (in part by having the government enact socialist-like policies for BUSINESS at the expense of the citizenry).

  • @AdmiralBison

    @AdmiralBison

    Жыл бұрын

    They'll jump in when video's are not explicitly and clearly showing Capitalism and the 1% ultra rich as the culprits. The arguments against the rich and Capitalism are too strong right now, so they'll pick and choose.

  • @AdmiralBison

    @AdmiralBison

    Жыл бұрын

    @@TW0man4RMY bullshit. you're only fooling yourself. Price gouging is greed for the shareholder plain and simple. Competition? Again bullshit, - monopolies, oligopolies, cartels and price fixing are natural creations of Capitalism, in particular unfettered "free" market Capitalism. When Capitalism crashes, which we have seen countless times, we know god damn well Socialism - i.e resources from working middle classes are used to bailout out these "too big to fail" corporations, protections and money pumped into an Economy in order to save it. Because 'Free market' Capitalism can NOT fix itself. Regulations and protections are implaced....and over time are whittled away again by both Corporate Democrats and Republicans. Then the cycle repeats itself. "in part by having the government enact socialist-like policies for BUSINESS at the expense of the citizenry" wft are you talking about here? What SOCIALIST policies applied to businesses at the costs of "citizenry"

  • @TW0man4RMY

    @TW0man4RMY

    Жыл бұрын

    @@AdmiralBison You are acting as if capitalists and "the 1% ultra rich" are synonymous...😅😂🤣🥲

  • @AdmiralBison

    @AdmiralBison

    Жыл бұрын

    ​@@TW0man4RMY Capitalism might sound good on paper. Private ownership but in reality in the United States, it's an unsustainable Economic system that comes at the costs of the majority of the people/working class. Let's not bull$shit ourselves. Both major political parties are privately owned by their billionaires donors and corporate lobbyists. Politicians are simply missing sponsor tags on their suite jackets. The Scotus is compromised as we know billionaires and fund raising groups essentially have judges in their back pockets Majority of the news in this country is owned by other corporations, wealthy shareholders and large investment groups. CNN, Fox News network corp. Washington post,, MSNBC The military is mostly comprised of private defense contractors and we have %60 of defense budget not accounted for. We have billionaires that litteraly own and control the biggest social media/public discourse platform. I mean, there is so much shit to bring up, no one cannot truly be ignorant of all it. It's just denialism for many at this point. It is all part of Capitalism. Private ownership for the ultra rich - industries, government, information, healthcare, means of production....

  • @teebone2157
    @teebone2157 Жыл бұрын

    And politicians ignore it and focus on culture bullshit

  • @josearbelada5902
    @josearbelada5902 Жыл бұрын

    Stock buy backs are not in the stockholder's interest. The one time payment is not a good replacement for a steady income. Limit the reporting of stockholder income to dividends. Stock buy backs consolidate the ownership to the who still own stock.

  • @user-du2of3lh1g
    @user-du2of3lh1g Жыл бұрын

    What's crazy is how much$ ceo investors stock traders ect make just because they already had$ to begin with what real value do they add to society it's sad our society is set up to value that over say teachers nurses hell even fast food workers at least their doing something real

  • @lindaj71
    @lindaj71 Жыл бұрын

    How does this end? It’s not like people can boycott everything.

  • @michaelburk9171

    @michaelburk9171

    Жыл бұрын

    Difficult to see it happening. But electing politicians that actually represent the interests of their constituents would work.

  • @toniarmijo9943

    @toniarmijo9943

    Жыл бұрын

    A national walk out. What do you suppose would happen if EVERYONE decided ENOUGH IS ENOUGH and WALKED OUT! I know people are terrified of losing their shitty jobs because they gotta pay rent, support their families. But, that's EXACTLY my point! People ARE NOT able to pay their rent or support their families! Why do you think the homeless population has EXPLODED!!?? CORPORATE GREED. Now, what happens if you take away their ability to make that money off the backs of its employees? People are desperate. But, not desperate enough to take drastic measures.....yet. Are we to wait until EVERYONE is homeless and hungry? I say FUCK NO!!!

  • @JanetBuhrmann
    @JanetBuhrmann Жыл бұрын

    We told you so!

  • @user-jf3jl4sc9z

    @user-jf3jl4sc9z

    Жыл бұрын

    Lol, booooo

  • @brosenone1068
    @brosenone1068 Жыл бұрын

    the stock market should go down. people can't handle it

  • @midkiddle
    @midkiddle Жыл бұрын

    Guess all the corporations did their talk to their shareholders, huh. Praised about gouging US.

  • @Elecjester
    @Elecjester Жыл бұрын

    duh. we've been saying this day 1.

  • @herringstheseries
    @herringstheseries Жыл бұрын

    ‘Murica gonna ‘Murica….🙄

  • @K38Media

    @K38Media

    Жыл бұрын

    This is not just an American problem

  • @yunglion8676
    @yunglion8676 Жыл бұрын

    Tyson doesn't pay it's workers worth a damn either...and never have

  • @amyfrancois9121
    @amyfrancois9121 Жыл бұрын

    FOOD LION… perfect example… their brand stayed same price, but they RAISED NAME BRANDS??!🤨😒🤔

  • @jacobjerrall6381
    @jacobjerrall6381 Жыл бұрын

    WHAT DO THE WORKERS GET IN THIS

  • @jacobmccarthy1171

    @jacobmccarthy1171

    Жыл бұрын

    A pay cut and price gouged

  • @Odinarcade00

    @Odinarcade00

    Жыл бұрын

    Not a goddamn thing but more debt probably

  • @MichaelSplatkins

    @MichaelSplatkins

    Жыл бұрын

    The shaft. And a reason for anger and desperation.

  • @dragoonzen
    @dragoonzen Жыл бұрын

    oh yeah, got to price gouge the common working people until they have no more money!

  • @erich6860
    @erich6860 Жыл бұрын

    Wages are the absolute last thing to increase period! Wages increase only after inflation forces them too. If you cannot find workers and must raise wages to attract new workers, then that means inflation has forced the worker to demand more, or other companies have already raised wages taking your employees away. For the last time, wages are not the driver of inflation!!!!!!

  • @samuelwalston9828

    @samuelwalston9828

    Жыл бұрын

    But is isn’t the same this time! Have you noticed that stores aren’t raising wages instead they are literally closing for huge periods of the days in many areas! How many time have you gone to Dollar Tree or Taco Bell in the middle of the day and they are closed with a sign that reads “due to staffing shortages our temporary hours are xxxxxx” the last year is the only time in my entire life I have seen this crap.

  • @erich6860

    @erich6860

    Жыл бұрын

    @@samuelwalston9828 yep, this time there was an actual shortage, and not lies. It is also the first time wages actually increased, at least in my area, over state min wage. However, even still, wages have not raised with productivity gains since the dawn of the home computers

  • @mikejunior80
    @mikejunior80 Жыл бұрын

    So I'm just wondering when will there be regulations to stop the price gouging?

  • @rM-xk9ob

    @rM-xk9ob

    Жыл бұрын

    Republicans stopped those laws.

  • @hamburgersmmmmmm

    @hamburgersmmmmmm

    Жыл бұрын

    Republicans will NEVER let that happen. But you know, Republicans are great for the economy, right? 🙄

  • @scifirealism5943

    @scifirealism5943

    Жыл бұрын

    Idk.

  • @2011mrnoah
    @2011mrnoah Жыл бұрын

    People are not buying because prices are high

  • @recole374
    @recole374 Жыл бұрын

    Theyve been price gouging dince the pandemic. That was their excuse.

  • @joycesmith8120
    @joycesmith8120 Жыл бұрын

    This is true and someone should stop them

  • @noosphericaltarzan
    @noosphericaltarzan Жыл бұрын

    Yeah, don't vote Green party. Just vote more Biden. It really panned out last time.

  • @Shawn-le1wq
    @Shawn-le1wq Жыл бұрын

    They've been doing it for decades, this is not new, just more egregious.

  • @nickelbutt
    @nickelbutt Жыл бұрын

    Take money out of politics. Both sides should agree on this, but the right knows they will lose if they do.

  • @cadilacdesert
    @cadilacdesert Жыл бұрын

    It’s the relationship between elastic and inelastic

  • @moiraesfate1
    @moiraesfate1 Жыл бұрын

    I'd bring my prices back down if I could afford it. One of my materials increased cost to three times what it was at this time last year. I can't afford it. I won't raise them again any time soon if I can help it.

  • @rosemaryheath8657
    @rosemaryheath8657 Жыл бұрын

    I knew when they started saying it was supply shortages. Too bad they want so much, who gets it when their gone. They can’t take it with them

  • @melissaleoncreolenola
    @melissaleoncreolenola Жыл бұрын

    Smh

  • @roberthunter6927
    @roberthunter6927 Жыл бұрын

    The irony is that not only workers are getting screwed by price gouging, but small businesses and the smaller corporations. And yet people in these small businesses and corporation will side with big money and punch down on the poor people, blaming them for inflation when they are just trying to exist. Short version: very few of us should support the rich far right, because we vote and act against our own interests.

  • @elizabethpenny7732
    @elizabethpenny7732 Жыл бұрын

    I could never be an impartial juror.

  • @cadilacdesert
    @cadilacdesert Жыл бұрын

    It’s all about the hydrocarbon economy when I was growing up, nobody had diesel automobiles as personal automobiles. The diesel market and personal vehicles is pulling away from the transportation needs.