this post was submitted on 24 Aug 2024
1075 points (97.1% liked)
Memes
45730 readers
628 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What?
Monetary devaluation is an economic policy Inflation is literally the "general increase in the prices of goods and services"
https://en.m.wikipedia.org/wiki/Inflation
https://en.wikipedia.org/wiki/Devaluation
Inflation is market derived and does not include devaluation of the currency, source is your own link on deflation.
In a global economy goods and services are sourced internationally and are subject to various exchange rates. Rarely anything is ever 100% domestic
Even if every ingredient doubled in cost (same as domestic inflation) and profit is a 1/6 of the burrito, we wouldn’t even be at $4. This is corporate greed.
Seems like it's uber eats in the second pic so yeah a lot more markup?
Energy costs many times what it did too
Perhaps for the consumer, not for the energy providers
What costs more? Gas or wind? Oil or solar? Coal or wave?
There's a premium charged for new technology, sure. To cover R&D costs, new tooling, etc, but once the machinery is made, the fuel is essentially free. The wind blows itself, the sun has its own fuel, the tides move freely
Energy arbitrarily costs more because those that sell it have decided it costs more. Aka corporate greed, which is what this post is complaining about in the first.
No, for one energy has gone up due to increased demand for fossil fuels after cutting Russian gas off