Sounds about right, I work for a big food distributor/processor and we have been taking crazy profits basically every quarter since 2020 off of lower and lower volume. Retailers and processors have taken absolute mad bank off of “inflation” recently despite the fact that people are buying less. One would have to think that this is an untenable contradiction; eventually your high prices will not make up for declining volume. Not to mention how high prices strain relations with retailers, creating extra tension, not that I have any sort of sympathy for retailers.

I can’t help but think though by the time this contradiction comes to head in the retail/grocery sector, as we have already seen start to occur in fast food industry, whatever executives that were responsible for it will have long since collected their multimillion bonuses and moved on. The nature of cutthroat capitalist system means there is no incentive whatesoever for industry leaders to care about the future beyond taking superprofits for as long as they can and then fucking off.

This was very interesting to read:

NFU President Katie Ward concluded: “Processors and retailers are overcharging because they can; mergers and concentration have multiplied their power. This is creating many negative effects: on farmers, workers, the environment, the climate, animals, and, as rising retail prices show, on all Canadians. To reverse these negative effects, we need smaller scale, local and regional processing, and we probably need the breakup of the largest packers, food processors, and retailers. Rising market power and declining competition has led to steadily rising retail prices; governments must intervene to curb all of these damaging trends.”

It is funny how liberals can describe the causes with perfection. However, the solutions conceived by them are difficult(unrealistic) to implement due to the nature of capitalism.