291–300 of 1001 posts
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If there is anything that drives antitrust action, I imagine it would be food supply.
Historically, food supply doesn't drive anti-trust. It drives revolutions in the street.
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> It's the dark, sinister side of inflation You mean dark, sinister side of capitalism, right?
Can you name non-capitalism societies that have had more success dealing with inflation?
As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…
You are talking like inflation is some conspiracy wielded by “the rich” (who are they? Are they all friends with each other and plan all their schemes together?) against the “others”. Fact is the inflation we are seeing here is caused by the after effects of Covid, the Energy price surges caused by the Ukraine war and in the special case of UK - Brexit, which has lead to huge import shortages due to increased bureauc…
As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…
You are talking like inflation is some conspiracy wielded by “the rich” (who are they? Are they all friends with each other and plan all their schemes together?) against the “others”. Fact is the inflation we are seeing here is caused by the after effects of Covid, the Energy price surges caused by the Ukraine war and in the special case of UK - Brexit, which has lead to huge import shortages due to increased bureauc…
For reference, that's a fairly average value for Europe at the moment. Not sure why the UK is being singled out. https://i.redd.it/8hbhiqhowjpa1.png
To answer your question: "Not sure why the UK is being singled out."
The answer to me is simply that it is a UK website www.grocerygazette.co.uk
There are plenty of similar stories about the same kind of inflation here in [redacted] such as [redacted].
With Hacker News being predominately English speaking I suspect plays into why we see more US and UK (and other English speaking countries) related posts vs non-English speaking.
And of course people do love to point out where the UK is suffering these days to put a Brexit spin on it (whether fair or not) as it gets them clicks. Much like a famous or young person dying is almost always reported as "died suddenly" these days regardless of nature of death as it gets clicks with all the anti-vax crowd.
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Tragically (and perhaps comically) it's the blue collar class that is the cause of all of this by voting for Brexit.
Definitely Brexit and not the half a £trillion we printed to fund Covid handouts.
Obliterating the entire hospitality and entertainment industry without compensation would have been .. unpopular.
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Not sure why you are being downvoted. Stock prices are on the slide and property prices and rental yields are extremely precarious. I also agree that low rates were good as you could invest in property with leverage and in businesses which could borrow and raise money to cheaply to grow. Nobody is having a good time right now.
Because only one class will come out of this with MORE assets that at some point will return back to their higher valuable. It's a completely facetious argument. Sure you lost your house, but think of how much the poor billionaire's paper value dropped (while the billionaires asset acquisition continued apace taking advantage of the firesale forced upon the lower classes).
As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…
You are talking like inflation is some conspiracy wielded by “the rich” (who are they? Are they all friends with each other and plan all their schemes together?) against the “others”. Fact is the inflation we are seeing here is caused by the after effects of Covid, the Energy price surges caused by the Ukraine war and in the special case of UK - Brexit, which has lead to huge import shortages due to increased bureauc…
Earlier quoted context omitted.
Assets are deflating at the moment though. S&P500 is down, property prices are down, etc. Asset prices are highly inversely correlated to interest rates, so for a 'rich' person you are actually much better off without inflation, as interest rates are lower and asset prices rise faster.
> "property prices are down, etc" Well, idk about your area, but property prices in northern Germany are still well above the 2020 mark.
https://www.theguardian.com/commentisfree/2023/mar/05/house-....
As a person living in the UK, I have definitely noticed a considerable rise in unit prices. One of many examples is that a loaf of my favourite bread increased from £3 to £4 recently, which was a shocker. Toilet roll prices, as ever what the news loves to talk about, has exploded, increasing by around 70% since 2020 by my anecdotal observation. A sad thought I have about inflation is the fact that it is, wittingly or…
Tell that to the economists, who predominantly say that inflation helps the poor, supposedly because they have loans.