From 2006 to 2020, poorer metropolitan statistical areas experienced annualized food inflation that was 0.46 percentage points higher than that of richer ones—amounting to a cumulative difference of 8.8 percentage points over the period. Poorer areas also had fewer goods, fewer retailers, and higher market concentration.
Heh, I told you guys, the reason the poors are poor is because they shop at poor stores which are, naturally, more expensive. This has nothing to do with the fact that the poors have, by design, zero political power, it’s simply because those poors that work 60 hours a week to just have their basic needs barely met are lazy… duh.
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The only rational system, tho
Capitalism is the only rational system and Israel is the only democracy in the middle east.
As a result of Food Lion threatening Walmart’s price gap, Pepsi created a plan to nudge Food Lion’s retail prices on Pepsi products upward by reducing promotional payments and allowances to Food Lion and raising other costs for Food Lion. The plan advised that Pepsi “must commit to raising rate [on Food Lion] faster than market by minimum annually.”…
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The idea of the single price store, where a price is transparent and is the same for everyone, was created by department store magnate John Wanamaker in the post-Civil War era. Before founding his department store, Wanamaker was the first leader of the YMCA. He also created a Philadelphia mega-church. His single price strategy was part of an evangelical movement to morally purify America, the “Golden rule” applied to business. The price tag was political, an explicitly democratic attempt to treat everyone equally by eliminating the haggling and extractive approach of merchants.
a land of contrasts with modern evangelicals
Literally just the bourgeoisie forming unions and organizing to advance their class interests. Funny how this doesn’t “hurt the economy”.
Been saying it for ages. When you get price gauged at the store and gas station in this country, you’re being robbed using excuses fed to you by the media. They all look for opportunities to charge people more. The tariffs have been the ultimate excuse. Guess they got hungry for more after covid.
No shit, it’s horrendous in the UK. “Cost of living crisis” my ass, the economy is in the toilet and yet all the biggest supermarkets are making record profit. Even ”budget store” Aldi is just somewhat reasonably priced now.
Does that break any laws? Are we going to get a $50 voucher for pepsi products sold at walmart or something?
It’s antitrust stuff, which is the government’s thinly veiled threat to tell businesses to do the right thing and play nice or get dismantled. Hasn’t really been enforced in ages and now nobody is afraid of just openly committing market collusion, pricing fixing schemes, and fraud. Specifically, this is collusion to do anticompetitive price discrimination, which is a crime (Robinson-Patman Act (1936)).
Another reason to deeply loathe corporatism, in the political and business senses of the word.
It’s just capitalism.
Seems like an Italian guy once used a different word… 🤔
fascism is just capitalism in decay.
crisis is baked into capitalism, and with each crisis, ownership is consolidated and the rate of profit eventually continues to decline. the next crisis grows in magnitude. fascism happens when the owners decide that the jig is up and they circle the wagons
Ding ding ding ding! Winner winner chicken dinner!
Corporatism and capitalism are one in the same. This is simply the natural result of trusting the bourgeoisie with anything.
cRoNy CaPtALiSm
Corporatism is not a thing in and of itself. Just a poorly defined variant of capitalism.
