Thu Apr 7, 2022, 11:44 AM
Cuthbert Allgood (4,337 posts)
AOC does a fantastic job of pointing blame on corporations
We need more of this from our representatives. Let's stop pretending it is anything else.
Link to tweet
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7 replies, 629 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
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Author | Time | Post |
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Cuthbert Allgood | Apr 2022 | OP |
JohnSJ | Apr 2022 | #1 | |
Celerity | Apr 2022 | #2 | |
JohnSJ | Apr 2022 | #4 | |
Celerity | Apr 2022 | #5 | |
Cuthbert Allgood | Apr 2022 | #3 | |
JohnSJ | Apr 2022 | #6 | |
Emile | Apr 2022 | #7 |
Response to Cuthbert Allgood (Original post)
Thu Apr 7, 2022, 12:12 PM
JohnSJ (86,944 posts)
1. "Prices aren't being dictated by supply and Demand"? She doesn't know what she is talking about
It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.
Because of the pandemic, trade wars, chip shortages, futures market energy prices, etc. etc. etc. That has created shortages |
Response to JohnSJ (Reply #1)
Thu Apr 7, 2022, 12:26 PM
Celerity (34,324 posts)
2. she should have qualified it with 'many of these' and not made it universal, as she does show
that simple supply and demand doesn't explain the inflation in multiple cases
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Response to Celerity (Reply #2)
Thu Apr 7, 2022, 12:38 PM
JohnSJ (86,944 posts)
4. Sure Celerity, but trump's trade wars set the stage for what followed with the pandemic
chip shortages, and the other issues, which made things much worse.
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Response to JohnSJ (Reply #4)
Thu Apr 7, 2022, 12:42 PM
Celerity (34,324 posts)
5. No dispute from me whatsoever about that as well
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Response to JohnSJ (Reply #1)
Thu Apr 7, 2022, 12:30 PM
Cuthbert Allgood (4,337 posts)
3. Did you listen to the points she was making?
Certainly you understand that monopolies can drive prices outside the simplicity of supply and demand.
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Response to Cuthbert Allgood (Reply #3)
Thu Apr 7, 2022, 12:51 PM
JohnSJ (86,944 posts)
6. Yes, but that isn't what I think is causing the bulk of inflation. I can name a lot of factors that
fall outside of monopolies for the situation we are going through now.
From food prices, housing prices, etc. Oil, the way it is setup, monopoly like, I would concede would fit into her argument |
Response to Cuthbert Allgood (Original post)
Thu Apr 7, 2022, 01:54 PM
Emile (10,379 posts)