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Cake day: June 28th, 2025

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  • bobs_monkey@lemmy.ziptoPolitical Memes@lemmy.worldYep
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    20 hours ago

    Groceries don’t really get more expensive, because the methods for producing food don’t really get less efficient over time; if anything, it’s more efficient. So there’s no real reason for them to become more expensive.

    While I’m with you on the economic theory, the past 5 years proved that theory out the window. Yes, there were shortages and logistical issues that caused price spikes, but many grocery items never came back down, or have been held at artificially higher prices since. S&D postulates that when there are a higher number of units on the market, prices will drop. But when you have the corporate consolidation that we’ve seen in America where there are fewer producers (especially in name brand goods, aka one producer) as well as fewer retailers, the models don’t work as they would if we were in a pure free market where producers and retailers can enter the market at any time. As such, those fewer producers and retailers can hold prices artificially higher as their businesses are scaled out (nevermind that the likes of Kroger, the largest grocer in the country, has posted record profits in recent years, as have many entities that make up the core components of the CPI), and they can leverage market position to make entering the market untenable for an upstart.

    And the problem with handouts is that they come from the govt, where the treasury prints money, thereby reducing the value of the existing money supply and increasing costs on goods as suppliers and retailers raise prices because of the increased money supply, aka modern inflation.
















  • I’m pretty sure they’re just going after advertising on the front and data sales/AI on the back end. It’s inherently difficult to monetize an old-school internet forum, especially one like Reddit where the incumbent user base is vehemently opposed to adverts and in strong favor of privacy. I don’t think they’re too big to fail (cough Digg), they’re just popular and people dislike change. But I do think they’re barking up the wrong tree with their userbase.

    The current account I have dates to 2015 before they required email, and they’ll get a throwaway before I give them one of my real ones. But even then, whatever, I’ve really only gone back there maybe once a week for the past few years.