"Greedflation" has gone too far!

[stompix]

I am not sure did you read what I wrote, or do you judge by all posts... I am a bit confused here.

Yeah, I read it all, I'm just preemptively closing any doors!  

Well, believe it or not, I already have that math in my head. $500k and I am on pension!

Nothing to not believe, I have the math too, but this is the thing, it's my math, and it won't work for everyone, just like yours is.
Let's run the numbers quick.
500k per person, 8 billion people, that would make 40quadrillion, about 60 times the current global wealth so if every one of us gets that much you either have to produce enough houses, commercial estate, cars, electronics, and everything to compensate for this wealth or a used 2002 golf would go for $200k.
We've seen already how it works to have money and not products, demand, and offers have already shown us what's next so no need to linger on this aspect, and move to the next..

Big corporations with their "crazy big vehicles" of any kind are making a lot of pollution! They are digging and digging... moving mountains... and let's not get into what they are doing to people, maybe more important to kids along the way. Even now in the 21st century, let's not go into the past about it. Do you really think it's the right path!?

And how do you plan on generating the same wealth for half of the population to achieve at least the same levels as Eastern Europe?
There is only one way, the same way Europe and North America and part of Asia were doing and are doing it, by producing stuff, building houses, creating jobs, so...moving mountains!
It might not be the right path, but I can assure you of one thing, it's the only one that doesn't lead to complete poverty for eveyone.

Again, take a better look. It's not me who brought up "1800s" in conversation...

Hmm, I might have been half wrong on this one you didn't bring up 1800 up but you defended it, so let's split the fault here.

I think we will agree that in 1800 the world was much cleaner, in contrast to modern times, where garbage is everywhere around us, rising over our heads slowly, and we eat totally unhealthy food that comes "from who knows where"... and there are many other "modern global problems" that didn't exist 200 years ago.

[Theones]

I agree with what they're saying here, the corporations were using covid as a justification to raise prices and force their medicine down our throats and now governments and corporations are using the war in the same way. Their reasoning is simple - rise energy prices and tell people it's because we don't have enough green energy and we all have to contribute to build this new, green world, with less greenhouse gasses and all that.

When the war broke out gasoline prices went up and reached prices unseen before, but when the price of crude oil dropped these fuel prices did not! They were still stealing from us keeping prices high because they saw that people could afford it. If they increased by 30% and we still kept buying it's money making time ladies and gents, until there's protests or the sales drop the prices will stay high.

When greed become lust - it is very harmful.
People are getting greedy day by day
I have always met people who are greedy- who try to get your money by hook or crook. This world is a tortuous  place with the every passing day

[DrBeer]

When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

If a person starts with the slogans "the end of capitalism" or "everything, the whole world refuses the dollar" - this is typical populism, behind which there is nothing but an empty desire to attract attention to oneself.
Inflation is a natural process, it was and will be in monetary philosophy. This is neither bad nor good. It `s naturally. The question is how high this inflation is. It's like the body's pressure - it exists, and you can't do without it, but there is a normal level of pressure, for example, it is increased after physical exertion, and there is a critical one caused by illness. So it is with inflation - for the last 4 years the world economy has experienced a lot of stress (read diseases) and, of course, there are consequences, in the form of inflation. But in countries with normal economies, this process will be leveled out in the near future, and this applies to countries whose economy is based on capitalism. But countries with a "socialist" or anti-capitalist concept are likely to continue to bear the burden of inflation

[Theones]

When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

If a person starts with the slogans "the end of capitalism" or "everything, the whole world refuses the dollar" - this is typical populism, behind which there is nothing but an empty desire to attract attention to oneself.
Inflation is a natural process, it was and will be in monetary philosophy. This is neither bad nor good. It `s naturally. The question is how high this inflation is. It's like the body's pressure - it exists, and you can't do without it, but there is a normal level of pressure, for example, it is increased after physical exertion, and there is a critical one caused by illness. So it is with inflation - for the last 4 years the world economy has experienced a lot of stress (read diseases) and, of course, there are consequences, in the form of inflation. But in countries with normal economies, this process will be leveled out in the near future, and this applies to countries whose economy is based on capitalism. But countries with a "socialist" or anti-capitalist concept are likely to continue to bear the burden of inflation

The greed and lust has really gone too far. The world has been a bitter place.
I have lost all the interest in the world. I like staying at my home and work from my work desk and that is it.

[Fortify]

When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

It's a sad fact that it is the politicians in our country that are letting us down. They are the ones that are meant to be setting and strengthening laws that keep corporations in check, that keep them and their owners paying a fair contribution to the rest of the country which they rely on for profit. All too often these politicians undermine and betray the public who vote them in, to get wealthy themselves, but it is not a job I'd ever envy having either. There is a lot of money at stake at the highest echelons and if you don't play the right game then you are often targeted for replacement. They have to walk a very fine line between appeasing corporations while trying to keep existing laws fit for purpose.

[dothebeats]

There isn't anything that can stop these guys to make more money. No matter how rich they become, they will still find a need to make more money and to hoard them. The words 'too much' don't mean anything to them so long as they are filling their pockets and vaults. The money also goes around on the top 1% people and companies, and only a portion of that money ever comes down to us mere onlookers and watchers on this chess game that they are having. Add to that, they are being protected by the governments because of the potential crisis they could cause to the industry. Talk about being loved and cared dearly by the powers that be. 

[Supreemo]

There isn't anything that can stop these guys to make more money. No matter how rich they become, they will still find a need to make more money and to hoard them. The words 'too much' don't mean anything to them so long as they are filling their pockets and vaults. The money also goes around on the top 1% people and companies, and only a portion of that money ever comes down to us mere onlookers and watchers on this chess game that they are having. Add to that, they are being protected by the governments because of the potential crisis they could cause to the industry. Talk about being loved and cared dearly by the powers that be. 

in your statement alone  it has already proved that the more money you have, the more influence you can assert on the industry. there is no end to a person's greed, it is like a bottomless abyss that when one goes inside, you will never come back. at the very top of the food chain those guys are living their luxurious lives while playing their monopoly games, while at the very bottom of the ladder is like survival of fittest, like a jungle full of predators waiting for the next target, this is how hard the economic competition can be.

[YinShuiSiYuan]

Greedflation” is a term coined by organizations to refer to price gouging or the way big corporations are taking advantage of inflation to mark up prices at a rate that's considerably higher than the increased rate of their production costs and wages.

This practice is very common in business world where almost every business individual hikes prices artificially by themselves for extra profits and this happens in those countries where there is no check and balance on traders ans businessmen.

[lixer]

If a person starts with the slogans "the end of capitalism" or "everything, the whole world refuses the dollar" - this is typical populism, behind which there is nothing but an empty desire to attract attention to oneself.
Inflation is a natural process, it was and will be in monetary philosophy. This is neither bad nor good. It `s naturally. The question is how high this inflation is. It's like the body's pressure - it exists, and you can't do without it, but there is a normal level of pressure, for example, it is increased after physical exertion, and there is a critical one caused by illness. So it is with inflation - for the last 4 years the world economy has experienced a lot of stress (read diseases) and, of course, there are consequences, in the form of inflation. But in countries with normal economies, this process will be leveled out in the near future, and this applies to countries whose economy is based on capitalism. But countries with a "socialist" or anti-capitalist concept are likely to continue to bear the burden of inflation

The greed and lust has really gone too far. The world has been a bitter place.
I have lost all the interest in the world. I like staying at my home and work from my work desk and that is it.

The unfortunate thing is, that not everyone has the option to just sit at their home, work from there, and don't give a shit about what's happening in the outer world. Most people need to get out, go to work and are compelled to face the lust and greed for money all around and still keep a smiling face and try to stay positive because that's the only option available.

The world could still become a better place if people in control of it wanted to, but why would they care since they have got all that they want and they can control almost anything since they got power, mainly the power of money.

[Gallar]

When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

If in a large company I still believe, that when inflation takes place, they can still take profits. What makes large companies able to remain stable in a state of inflation is

• Already have a big name

companies that already have big names, usually will be more able to survive, even though inflation is rampant, that's because customers already know the quality and price to buy, and in large companies usually the price tends to be cheaper.

• Have a lot of reserve funds

A large company that has been running for a long time will definitely have a sizable reserve fund, so when inflation comes, the company is ready with all possibilities.

• Large companies that have been in their company for a long time, surely the longer the time, the more powerful they will be in terms of marketing.

• And the last one is the company's long sailing experience, this factor will definitely help mentally.

Therefore, large companies can reap profits, even though they are in a state of inflation.

[adzino]

When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

It's sad to see companies making crazy profits while everyone else is struggling with inflation, right? Kinda feels like something's off and all those "Greedflation" is controlled by the big industries to make more profit (conspiracies). Now, I get why people might be mad about this. It's like the rich keep getting richer and everyone else is left in the dust. I can see how some people think thaht "Greedflation" is a big problem and that capitalism has gone too far, and is now being unfair with everyone. But, we got to remember that remember that businesses are, well, in the business of making money. So, it's not really surprising that they're trying to maximize profits, and isn't that kind of the whole point of capitalism? Maybe this shorterm "Greedflation" will help us in the long term? The more profit the business is making, the more they will invest in the future and this will create more opportunities for the people causing a better economic growth.

[bangjoe]

When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

This is also a new term that I got as long as I contributed to the economic thread, companies take advantage of the inflation situation to get to take excess profits, it is very inhumane, in my opinion, many companies that produce basic commodities do this and especially if they don't have competition in their business, it is an easy opportunity for greedflation and I'm pretty sure they say they're raising prices instead of the reasons for rising prices, raw materials and rising operating costs, I think that's really outrageous.
Humans really don't have satisfaction in their possessions, they always want more than what they get and if they get an opportunity like that no human misses it even though they already have everything.

[DrBeer]

....
The greed and lust has really gone too far. The world has been a bitter place.
I have lost all the interest in the world. I like staying at my home and work from my work desk and that is it.

No offense - but this is purely your personal assessment, subjective. It may be true in your situation. In mine, no. It's just that competition is growing, and what was easy to achieve yesterday is now more difficult. And that means you have to be faster, smarter, more agile. Yes - not everyone can change the pace and accept the changed rules of the game. And many, in my opinion, are leaving the race. This is a world of competition, this is not communism for you - where you don’t need to do anything and you will get something
But another question - do you just sit at the table and .. do not produce anything COMPETITIVE or in demand? You do not generate money to ensure your life with your work and skills? Do they just come to you? Not sure

[iv4n]

...
This is a world of competition
...

I will dare to say it's one of the main problems... we compete against each other, and some people are ready to win at any cost! Ready to sacrifice everything around just to have a bigger house/yacht/bank account... it's that geedflation, when people have a lot, but they want even more and they don't care about human lives or the environment, and that is the problem we had/have everywhere at any given time.

Somehow it seems to me that this is becoming a huge problem (if it's not for a long time), so we need some changes.

[DrBeer]

...
This is a world of competition
...

I will dare to say it's one of the main problems... we compete against each other, and some people are ready to win at any cost! Ready to sacrifice everything around just to have a bigger house/yacht/bank account... it's that geedflation, when people have a lot, but they want even more and they don't care about human lives or the environment, and that is the problem we had/have everywhere at any given time.

Somehow it seems to me that this is becoming a huge problem (if it's not for a long time), so we need some changes.

Well, I would not be so one-sided to assess everything. In fact, this is how the world works, and yes - there are always "deviations". But the normal world tries to live on the basis of compromises and some balance. In the wild, there is also competition, but it is also based on compromises - predators do not eat everything around, realizing that in this case they will simply be left without food and disappear as a species. The same is true in the economy - there is a struggle, there is competition, but it has the same deterrents. Raising prices endlessly and thoughtlessly is murder for a business - they simply stop buying its goods and services, choosing competitive solutions. And the business that was left without buyers is most likely to curtail its activities.

[superman184]

The greed and lust has really gone too far. The world has been a bitter place.
I have lost all the interest in the world. I like staying at my home and work from my work desk and that is it.

I laughed when I read your statement about the world which you think has become a bitter place. Because if you really hate the world, that means you have to find a place on another planet for you to live. Because the house where you work right now is also located in this world, so you don't deserve to hate this world, even though the scope of life now seems bitter to some people. After all, you can still enjoy your work even if you just stay at home and you should be grateful for that by not having to hate this world.

[STT]

Microsoft is issuing debt at very low cost to buy back their own shares, knowing in future years the money will be worth less and prices will be higher.  This is something a very large company has the luxury to do that people do not, the biggest beneficiaries of inflation are via government debt and the very largest operators in an economy.   Primary dealers of US treasury debt are literally a select list of those able to deal first hand in the issuance of new debt at par, since most debt is short term now that cycle is continual.  The advantage is given to companies and gov who may or may not pass it onto the normal population, we all lose naturally via holding and using currency which is constantly unable to hold its value.
   So it is a kind of greed, that term wouldn't be unrecognized by me though I was thinking more of corruption and exploitation of unsophisticated parts of an economy.    Some argue its the middle class that gets poorer, the poorest relatively benefit from cheap debt and gov able to fill its fiscal budget via that debt but I'd argue everyone is losing except the elite who will literally move countries, continents as and when its most fortuitous to do so.

[DrBeer]

I remember, I'll tell an interesting story

On the topic, there is a wonderful example from history that I saw personally. THE USSR. A country with a planned socialist economy, the largest country in the world, most of the world's mineral deposits belong to the USSR. It would seem - live and enjoy life - after all, according to the description, you are almost in paradise. And even according to the slogans of the Communist Party, this is essentially heaven on earth, and all around is "decaying capitalism." Dada, this phrase is already more than 50 years old, but capitalism will not rot, and the USSR has long been gone in this world
But I'm talking about inflation. It would seem - there is no capitalism, everything is there - where does inflation come from?! But, let's not rush. She was. Moreover, she had a very interesting variant of "treatment".
Since the Communist Party and its rulers/ministers were actually not very smart people, the USSR did everything, I must admit, not very well. And if it was possible to make rockets, then there is no way to provide a life for ordinary residents. Take, for example, one of the symbols of the USSR - "doctor's sausage". Yes, in times of "stability", it cost 3 rubles 40 kopecks per 1 kilogram. Salaries, average for the USSR, ranged from 120 to 250 rubles. And so, sausage in the price did not change. Do you know what has changed? GOST! This is the state standard for the production of goods and services. Which the USSR was so proud of. But back to inflation. In order not to raise the price of the most popular product, what did the "smart rulers" do? No, they didn’t create new technologies, they didn’t improve the quality, no, no .. They REDUCED the amount of natural meat in GOST, replacing it with pulp from boning mass and bone meal the price of sausage has not changed - but the quality has dropped dramatically. This is the exact same inflation, but which was cowardly hidden from people. In fact, people were robbed, forcing them to pay for low-quality goods.

Back in the USSR, in the 50s-70s, another "excellent solution to combat inflation" was adopted. Periodically, all newspapers (and the media were only pro-government ones) published a speech like the following - "At the request of the workers of the USSR, the government decided to raise prices for ..." and then a list of goods, usually food. Do you understand how "tricky"? We are crooked rulers, we cannot manage the economy, we have inflation, and so that the people do not go to rallies, we will ask them to RAISE PRICES on their behalf! By the way, rallies broke out several times in the USSR because of this, but they were severely punished, and a lot of people were killed. "The sweet face of developed socialism"...

[Theones]

I remember, I'll tell an interesting story

On the topic, there is a wonderful example from history that I saw personally. THE USSR. A country with a planned socialist economy, the largest country in the world, most of the world's mineral deposits belong to the USSR. It would seem - live and enjoy life - after all, according to the description, you are almost in paradise. And even according to the slogans of the Communist Party, this is essentially heaven on earth, and all around is "decaying capitalism." Dada, this phrase is already more than 50 years old, but capitalism will not rot, and the USSR has long been gone in this world
But I'm talking about inflation. It would seem - there is no capitalism, everything is there - where does inflation come from?! But, let's not rush. She was. Moreover, she had a very interesting variant of "treatment".
Since the Communist Party and its rulers/ministers were actually not very smart people, the USSR did everything, I must admit, not very well. And if it was possible to make rockets, then there is no way to provide a life for ordinary residents. Take, for example, one of the symbols of the USSR - "doctor's sausage". Yes, in times of "stability", it cost 3 rubles 40 kopecks per 1 kilogram. Salaries, average for the USSR, ranged from 120 to 250 rubles. And so, sausage in the price did not change. Do you know what has changed? GOST! This is the state standard for the production of goods and services. Which the USSR was so proud of. But back to inflation. In order not to raise the price of the most popular product, what did the "smart rulers" do? No, they didn’t create new technologies, they didn’t improve the quality, no, no .. They REDUCED the amount of natural meat in GOST, replacing it with pulp from boning mass and bone meal the price of sausage has not changed - but the quality has dropped dramatically. This is the exact same inflation, but which was cowardly hidden from people. In fact, people were robbed, forcing them to pay for low-quality goods.

Back in the USSR, in the 50s-70s, another "excellent solution to combat inflation" was adopted. Periodically, all newspapers (and the media were only pro-government ones) published a speech like the following - "At the request of the workers of the USSR, the government decided to raise prices for ..." and then a list of goods, usually food. Do you understand how "tricky"? We are crooked rulers, we cannot manage the economy, we have inflation, and so that the people do not go to rallies, we will ask them to RAISE PRICES on their behalf! By the way, rallies broke out several times in the USSR because of this, but they were severely punished, and a lot of people were killed. "The sweet face of developed socialism"...

hello Dr Beer - you are so much talking about USSR lately
Let's take a break and think of another example - how about talking about Palestine for a moment?

[DrBeer]

.....
hello Dr Beer - you are so much talking about USSR lately
Let's take a break and think of another example - how about talking about Palestine for a moment?

First of all, thank you for your interest, and deep study of my posts
Secondly, I’ll clarify - I mentioned the USSR where it was appropriate and in essence. But not everywhere where I just "so wanted."

What does Palestine have to do with "greedy inflation" is a mystery to me. But if you want to open this topic - I will listen to you with pleasure, additional knowledge, if it really carries value, will never hurt. And so - I am ready to carefully study your information on the topic "greedy inflation and Palestine"!