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American Capitalism = A SUCKER'S Marketplace!!!April 28, 2023."We hold some economic truths to be self-evident. One such truth?“Companies always want to raise prices, companies always want to make more money,” said David Wessel at the Brookings Institution. “And what has happened in recent times is demand, particularly demand for goods have been very strong. And that has allowed companies to increase prices.”In many cases, he said companies have increased those prices more than their own costs have increased. Yet we still keep buying.“What we are seeing from companies is that they are still able to pass along price increases with an amazing acceptance rate, as high as 95%,” explained Andrew Csicsila at AlixPartners.Executives at those companies know that won’t be the case forever, he said. Consumers will pull back, eventually."
American Capitalism = A SUCKER'S Marketplace!!!
April 28, 2023
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"We hold some economic truths to be self-evident. One such truth?
“Companies always want to raise prices, companies always want to make more money,” said David Wessel at the Brookings Institution. “And what has happened in recent times is demand, particularly demand for goods have been very strong. And that has allowed companies to increase prices.”
In many cases, he said companies have increased those prices more than their own costs have increased. Yet we still keep buying.
“What we are seeing from companies is that they are still able to pass along price increases with an amazing acceptance rate, as high as 95%,” explained Andrew Csicsila at AlixPartners.
Executives at those companies know that won’t be the case forever, he said. Consumers will pull back, eventually."
