Granted, but keep in mind that there are a lot of factors here. For example, the egg thing probably has less to do with bullshit, or even inflation -- that one is heavily because we're in the middle of a massive avian flu epidemic that most people haven't even heard of because the media are more interested in sexy political stories.
And supply chain crises are still very much a part of this -- regardless of whether you blame China or not (I certainly don't blame the Chinese people, but I do blame de-facto-emperor Xi for a lot of mistakes), the reality is that the paroxysms caused by endless covid lockdowns, followed by an insanely casual reopening, have fucked things up worldwide.
So yes, there's a ton of greed involved here. But a lot of it is just facts on the ground, coupled with basic economics of supply and demand. (And, yes, companies in some industries -- especially oil -- taking absolutely full advantage of the mess.)
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Date: 2023-01-25 02:10 pm (UTC)Granted, but keep in mind that there are a lot of factors here. For example, the egg thing probably has less to do with bullshit, or even inflation -- that one is heavily because we're in the middle of a massive avian flu epidemic that most people haven't even heard of because the media are more interested in sexy political stories.
And supply chain crises are still very much a part of this -- regardless of whether you blame China or not (I certainly don't blame the Chinese people, but I do blame de-facto-emperor Xi for a lot of mistakes), the reality is that the paroxysms caused by endless covid lockdowns, followed by an insanely casual reopening, have fucked things up worldwide.
So yes, there's a ton of greed involved here. But a lot of it is just facts on the ground, coupled with basic economics of supply and demand. (And, yes, companies in some industries -- especially oil -- taking absolutely full advantage of the mess.)