#invisiblehandofthemarket — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #invisiblehandofthemarket, aggregated by home.social.
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One half of Australia's supermarket duopoly, #Coles reported their profits rose by considerably more than their modest increase in sales volume and despite rapidly rising shoplifting amidst a #CostOfLiving squeeze. This is strongly suggestive of corporate #profiteering - confirming other studies that have revealed the duopoly's willingness to exploit an inflationary period by jacking up prices beyond the implications of any supply disruptions.
Yet the #InvisibleHandOfTheMarket * in its infinite and ineffable wisdom gave the Coles share price a spanking at this news, apparently for not profiteering hard enough.
*as always, wherever you see/hear the phrase #TheMarket it is necessary to translate this into "the desires and priorities of very wealthy people", who own the vast majority of corporate shares.
#Auspol #plutocracy #inflation #greed