FOOD PRODUCTION AND DISTRIBUTION SHOULD BE TREATED AS UTILITIES. You can’t live without water, you can’t live without food.
Exactly, there shouldn’t be any profit motive involved when it comes to meeting essential needs of people living in a society.
Yes, fucking go, let’s do it. jfc.
Politicians bringing business executives in to stupid, pointless fucking meetings, where they say “don’t do that” and the business people say “but, we’re a business, that’s what businesses are supposed to do”, and then everything carries on like nothing happened - IS CLEARLY NOT FUCKING WORKING.
We are blaming corporations for the inflation after we printed 40% more dollars.
Trudeau Sr did the same finger pointing in the 70s after we ended the gold standard, except back then it was unions we blamed for causing inflation, and we broke up unions and set wage caps to erode salaries. Trudeau Jr instead did mass immigration, which fed into corporate profits and cooled inflation without raising wages. Carney isnt any different unfortunately.
So you can blame corporate greed all you want, but if you’re suporting mass immigration you’re supporting wage erosion, as we face a massive housing shortage and youth unemployment is double digits for native born Canadians. Its also causing capital shallowing and we are getting poorer, with per capita GDP growth falling below inflation.
When you definitely understand how an economy works.
Rising money supply doesn’t raise prices or what?
QE is designed to increase inflation according to the BoC publication, and it definitely did.
LMFAO, prices aren’t a force of nature, they are set by people who own businesses who want to increase their profits. It’s obvious that the issue doesn’t lie with QE, but with private ownership of essential industries.
The Bank of Canada is wrong then, and it doesn’t matter what they set interest rates to or how much money supply increases via borrowing?
Its weird you seem to think you know how an economy works yet you seem to be suggesting we implement communism.
Please read what I actually wrote above because it addresses your question. There’s no contradiction here, BoC expects inflation to rise as a result of QE, but the reason for that people who own companies decide to raise prices. Let me know if you’re still having trouble understanding this, and need me to use smaller words.
The only thing weird here is that a grown ass adult would have trouble understanding something so basic.
