Deepspace, I like your word "greedflation," thank you. it will now be in my vocabulary. Economist like to talk about the push-pull forces of supply and demand, and the "equilibrium" and "invisible hand" of the market place; as though these things explain how prices behave. This is mostly BS. In a capitalist system which worships private …
Deepspace, I like your word "greedflation," thank you. it will now be in my vocabulary. Economist like to talk about the push-pull forces of supply and demand, and the "equilibrium" and "invisible hand" of the market place; as though these things explain how prices behave. This is mostly BS. In a capitalist system which worships private ownership of the means of production, it is the the owners who raise prices, in their greed. It seems so obvious.
Deepspace, I like your word "greedflation," thank you. it will now be in my vocabulary. Economist like to talk about the push-pull forces of supply and demand, and the "equilibrium" and "invisible hand" of the market place; as though these things explain how prices behave. This is mostly BS. In a capitalist system which worships private ownership of the means of production, it is the the owners who raise prices, in their greed. It seems so obvious.
It is not my word; I just borrowed it because it succinctly encapsulates the issue. It's been around for a while.