Corporations are a lot more willing than usual to raise their prices lately, and it’s putting more of the burden of high inflation on consumers.

That may not come as much of a surprise to anyone who has browsed a grocery aisle, kicked the tires at a car dealership or filled up a gas tank of late, but even the Bank of Canada is starting to take notice of the trend, as the central bank continues its battle to wrestle inflation into submission.

Speaking to a parliamentary committee in Ottawa this week, the bank’s governor, Tiff Macklem, told lawmakers that the bank has noticed a troubling new trend coming out of the corporate sector.

For much of the past few decades, any time businesses have seen a jump in their input costs — the amount they pay for things like raw materials, energy and even workers — “they were pretty cautious about passing on [that cost into] the prices they charged for goods and services,” Macklem said.

Their reasoning was simple: they were afraid of losing customers.

  • Touching_Grass@lemmy.world
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    1 year ago

    Hey, everyone. You don’t show up to the semi finals without practicing and think you’re going to accomplish anything else but getting dunked on.

    You can’t just wait around and then react when bad stuff happens. You need to practice and organize and scrimmage throughout the year. Then when the big day arrives, you all know what to do.

    Start small, and grow your action. Started by building channels to coordinate actual group actions/boycotts. Tell all those bots that work real hard to tell us all to just ignore their collusion instead of organizing. Then start picking off small players with organized boycotts. Build momentum. Start fucking stuff up over super minor inconveniences to scare the ever loving shit out of these companies trying to pull bigger schemes.

    You would think we didn’t have a massive communication channel attached to our hips ffs

    • CulturedLout@lemmy.ca
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      1 year ago

      Wouldn’t picking off small players just make the problem worse? We’d have even less options than we do now.

      • Touching_Grass@lemmy.world
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        1 year ago

        By less options do you mean options like

        Option A that steals your data,

        Option B that funds union busting or

        Option C that actively contributes to manufactured scarcity.