Gouging, Predation, Collusion, Scheming

Monday, April 18, 2011
Posted in category Economics

As a response to my recent post about people condemning corporations for their responses to the pressures of inflation, a reader, Rod P., had this comment:

So I guess this is the current state of affairs?:

Raising prices is “gouging”.
Lowering prices is “predation”.
Keeping them the same is “collusion”.
Cutting costs is “scheming”.

What’s next?

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2 Responses to Gouging, Predation, Collusion, Scheming

  1. Jeff Hebert says:

    April 18th, 2011 at 7:26 pm

    Increasing taxes is “fiscal responsibility”.
    Cutting taxes is “giving back to the people”.
    Keeping taxes the same is “stability”.
    Cutting spending is “fiscal responsibility” (sorry for the repeat).

    Government good. Corporations bad.

  2. Jeannie Queenie says:

    April 20th, 2011 at 1:34 am

    NPR had a good show few days back. Some companies are not raising prices, they simply shrink the package of whatever it is you are buying…or they put less quality into their products. It used to be that JC Penney had a terrific reputation for the finest linens/towels around. I recently bought what appeared to be wonderful thick, soft washclothes, only to find after a washing that they quickly became thin…I felt ripped off to say the least. But this will be the trend for the future as the pieces of pie continue to get smaller and smaller…and producers of just about anything find ways to deceive one into thinking you are still getting their once good products. Another example is Kleenex…at one time this was a hefty tissue…not anymore…now it’s a major joke, and if you are not careful the thing can disappear in your hand for it’s so fragile, weak and practically useless.

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