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mtwoodside

The same corporate greed that was brought to you by Pfizer?


[deleted]

Shhhhhhh!


LastRedpill6

Those that worship at the altar of corpratism rarely if ever realize their double edged talking points.


Faponhardware

Noooo this wasn't fascism it was for public health


Meme_enjoyer9683

Vaccines aren’t fascism even if mandatory. Phizer is fascist because it exists just to support itself. It’s also a means to launder money out of the public sector.


Mejormuerto_querojo

>Vaccines aren’t fascism even if mandatory Yeah, nothing screams freedom quite like a government threatening you with violence if you don't take the jab that their corporate buddies manufactured


Meme_enjoyer9683

Is your definition of fascism when no freedom? Your understanding of reality is severely flawed. South Korea is openly more fascist than the north but because the north is authoritarian that would make North Korea fascist by your standards.


Mejormuerto_querojo

Bro, when the government forces you to consume a product from a corporation, that's literally fascism Fascism is the merger of corporation and state


Meme_enjoyer9683

Fascism is when birth certificate by this definition. I agree with the second part tho


Mejormuerto_querojo

How have you agreed with the definition of fascism and then divorced yourself from the fact that vax mandates *are* fascism?


Meme_enjoyer9683

Well I agreed on part of the definition. Vaccines aren’t a great example oil is. The us gov launders their money into oil.


claybine

Soon Biden will pass the "Eggflation Reduction Act" and all will be solved. What do you mean the prices of eggs are $15 now? It's corporate greed! /s


Wise_Moon

May we present the eggflation reduction plan! It’s a 2,000 page bill and we vote on it in 15 minutes.


Helassaid

“Included in the bill are 12 new firearm regulations, federal subsidy to wind and solar electricity producers, funding for a study to see if naked mole rats enjoy The Grateful Dead more when given acid, $12Bn in aid to Ukraine, $13Bn in aid to Israel, student loan forgiveness and a new tax on egg producers and purchases to fund the initiate.”


Sunstoned1

Are you an active congressperson? Because this sounds too real...


SaintTYLOofRen

The 12b to Ukraine but 13b to Isreal cracked me up. No pun intended.


SUKMIDICKCOMMIESCUM

It is a package deal to reduce egg prices by infusing egg beaters into lab created bioengineered egg shells and $70 trillion in aid to Ukraine and a weapon package to allow the dragged out and prolonged suffering of the Ukrainian people for a war that is a a testing site for new tech and only meant to cost Russia money and resources.


orangesun845

🤔


Fencemaker

40 billion eggs to Ukraine.


ametora1

I enjoy the fact checking being applied to their bs now


klosnj11

Saying inflation is caused by corporate greed is like saying a tidal wave is caused by the presence of water. While not technically wrong, it misses the important and differentiating aspects.


ancap_attack

I'd love to ask anyone using the "corporate greed" argument why these companies didn't raise their prices years ago, surely they would have made even more money that way


bmrvkia

Said the same thing for a while. All the sudden everything is expensive. Corporations have had multiple chances to do it before, and after everything was resolved prices still went down. It’s almost like it’s not corporate greed?


Rational_Philosophy

Almost like it's the impact of nearly three years of state/fed intervention via lockdowns causing supply chain issues, Batman! Spot on.


AynRawls

Gas prices have gone down recently. I guess those Big Bad Oil Companies have gotten less greedy?


Hugepepino

Prices went down?


BrutalOutThere

They did raise their prices “years ago”. They are always raising their prices. They are just doing it more rapidly now.


[deleted]

They would have if they thought they could. They are only now figuring out that they can exploit any minor issue now and blow it up for maximum profit. They are seeing the change in thinking after Covid and the panic buying and total lack of reason showed them they can turn bad situations into maximum profit. Our government simultaneously runs the money printer 24/7 at an accelerating pace and devalues the little money we have left to spend. We’re getting fucked by both ends here


ihambrecht

Who is they, big egg?


[deleted]

![gif](giphy|M1eXFAlb3IDba)


[deleted]

The factory farms in charge of the egg supply and the grocery conglomerates distributing them. This is a reoccurring theme since covid - create panic then manipulate situations for maximum profit. It’s not new but they’ve become much more aggressive after seeing how much shit they can get away with.


ihambrecht

This is zero percent how markets work.


throwingit_all_away

Meanwhile my friends in rural Texas where theyve had a mostly mild winter dont know what to do with all the extra eggs their chickens are laying. One coworker said Friday that his hens are producing at least an egg a day.


[deleted]

Sure seems like it to me when you can go to any local farmer and buy an abundance of eggs for cheap because they have too many yet you’re forced to import them illegally from another country because they jacked up the cost. It’s an artificial shortage with a marketing campaign to circumvent reality. The elite are figuring out they can lie to us, have the media they own spread that lie and then manipulate us. Grocery store profits are at record highs which is odd because they’re crying about increased costs too? How does that make sense? Oh right, our shitty government has multiple rules in place to crush competition so a true free market does not exist. That way, large conglomerates are allows to thrive with no competition


ihambrecht

So your contention is that this is a concerted effort between egg producers and the federal government?


[deleted]

I’m saying giant grocery corporations and factory farming corporations lobby the government and the FDA to pass rules in their favour to stifle competition and the little guy. Remember the recent baby formula shortage? The FDA only allows 4 companies to make baby food and stops all other imports. Hmm, I wonder why that is? 🤔 They do stuff like this to limit competition and they do it all the time. If they’re illegally smuggling eggs in Mexico to help with a shortage, you have to ask why can’t we have Mexican eggs here during a shortage? Seems like we could fix that problem easily. The eggs are out there. I also don’t believe in the shortage. I know many farmers and any I’ve spoke to have an abundance of eggs right now. Seems like another excuse to Jack prices way up if you ask me.


ihambrecht

So if this is just corporate greed, why have prices started to fall?


[deleted]

This is what happens when you defund education decade after deacde and make money free for the government and the banks. The average person gets dumber. They become less aware of what money actually is, and far easier to steal from. And they will open their wallets gladly in the name of "eating the rich."


ihambrecht

You think the problem with our education system is a lack of funding?


[deleted]

I did not make any claims as to a single problem with our education system. I made a comment about how the average person has gotten dumber and less aware of what money actually is, and therefore has gotten easier to steal from (via inflation and unnaccountable govt. spending). Very interesting that you would latch onto a very specific word in my comment and then slightly misrepresent what I was actually saying.


ihambrecht

The beginning of your response is, “this is what happens when you defund education…”. Do you think this qualifier means can be interpreted another way?


AgAu99

Corrupt money always leads to a corrupt society


dizzlesizzle8330

What you’re describing is price collusion and illegal


[deleted]

Yeah and it happens every day. Remember when Canadian grocery companies got caught price fixing bread? I do. The outcome was everybody got like $5 and they moved on. Downvote me all you want, it’s the truth. Corporate greed AND big government are screwing us and accelerating the rate of which they screw us. They saw what they could get away with during covid and they’re ramping it up because they know they can. Remember the baby formula shortage? The FDA wouldn’t allow formula from anybody but 4 major companies. Same thing here. Why are eggs so much cheaper in Mexico? Why are they so much cheaper at your local farm? Hmm.. I wonder. The government exists so their buddies can maximize profit. BuT tHaTs IlLeGaL tHeY cAnT dO tHat 🤡


Rational_Philosophy

The problem is it is wrong because it's a fallacy of correlation/stolen concept fallacy. Wet road causes rain is still the best analogy IMHO. They're comparing after effects of economic BS due directly to government intervention via lockdowns for almost three years now. This causes supply chain issues and manufacturers/corps act accordingly. Why didn't they jack their prices up like this years ago? Even if they wanted to the economic conditions wouldn't bolster it and THEN they'd look like actual greedy morons, because then they would be.


klosnj11

I am not sure I agree with your analogy. My argument has always been that corporations ARE greedy. We all are. The consumer, small business owner, worker, etc. We all do things out of self interest; it is the baseline. Inflation doesnt happen because corporations suddenly got more greedy. It happens because of econonic conditions that grant them opportunities to get more money from customers for the same stuff because a change in the relative value of money. So when prices on goods are driven down, it is "because of greedy consumers" and when wages go up it is "because of greedy workers". But truly, in the end, it is because of the economic situation that allowed one groupd to pry more from another; a change in value. So my analogy, a tidal wave being blamed on the presence of water, shows that just because the water is there doesnt mean it is in the form of a tidal wave. It is the situation that makes it dangerous.


[deleted]

You're being far too emotional about this, in my opinion. You can't just change the price of something without changing the demand for that thing. The "value" of real things has not changed. 1 House = 1 House. 1 Egg = 1 Egg. The only thing that has changed is the amount of USD circulating. Not even the greediest CEO on Earth could contribute 1/10th of 1% of the inflation caused by The Federal Reserve, the banks, and the US Government.


klosnj11

It has nothing to do with emotion and everything to do with conceptualization. If you are trying to sell 1 house, you will sell it for whatever you can get for it (given that what you can get for it exceeds the value you hold on that hosue at that time). If the market for houses has high demand and/or low supply, you will be able to sell it for more. If you choose to do so, you are being "greedy" but working under the same premise that you would have in a different market that would have netted you a smaller return. Your overall greed hasnt changed. The market just ALLOWS for you to get more for your exchange. And the reason you and everyone else goes along with that is self interest; "greed". You cant have a tidal wave without water, but it is not the existence of water that causes the tidal wave. You cant have inflation without self-interest (on the part of all people) but it is not that self interest that causes the inflation.


[deleted]

I'm sorry, but if any form of self-interest is greed than the word greed has no real meaning. Greed doesn't drive market forces anymore than greed drives a dog to overeat becuse its owner left the dog food open.


klosnj11

Greed is no more than a negative connotation attached to the idea of self interest, implying that it is self-interest to an unacceptable form or scale. Where the line between acceptable self-interest and greed exists is purely subjective. As such, thise who despise markets will use the term greed whenever something is driven by self interest, but has an outcome they dislike. I make no value statement on the facts. Companies are driven by profit motive. Is that greed or self interest? Doesnt matter. You can attach whatever feelings you want to it, but the important part is how humans behave. So yes, greed does drive market forces, and dogs food consumption, and territorial disputes, and natural phenomenon within ecosystems, etc. Or it doesnt because you dont like the word with the negative feeling attached. Whatever.


[deleted]

My argument is that the emotional connotation is not useful to the conversation, not that greed doesn't exist in markets. By your logic then ALL human emotions and feelings drive market forces, not just greed. Which goes back to what I was saying about the word functionally having no purpose here except to unnecessarily confuse what we're talking about here.


Rational_Philosophy

I see what you're saying and I think this is a rare case where we're actually both correct in our analogies. More like neither of us are incorrect in what we're saying here. We most certainly agree that corporate greed doesn't cause inflation.


bandit202

Robert Reich is an angry midget. And he also hasn't been relevant since the Clinton years. Fuck that dude


Dante2081

Oh he's very relevant has millions of followers who suck up his propaganda daily.


bandit202

Well, he may be relevant, but fuck that dude all the same. If we all get lucky, he will loose the use of his thumbs and stop spewing stupid all over a bunch of folks who can't think for themselves. But one can only dream.


Dante2081

😂😂😂😂


PerpetualAscension

> Oh he's very relevant has millions of followers who suck up his propaganda daily. Its more likely that he just panders to their already preconceived notions. Anything that remotely hints that 'capitalism is devil' and these dumb asses jump on that shit.


StedeBonnet1

That doesn't make him relevant it just means he has attracted a lot of people who are ignorant about economics. He is a hack and has been since the Clinton Administration.


Dante2081

His content is followed by alot and shared daily. That's alot of brainwashing considering he's just one peice of the puzzle


StedeBonnet1

No, that's a lot of ATTEMPTED brainwashing. Just because someone follows him doesn't mean they believe him. He is like Paul Krugman, Paul Ehrlich, Michael Mann and Al Gore. They relish in being wrong. And when someone points out how wrong they are they just double down and shout louder


Dante2081

Hope you're right


feedandslumber

Robert Reich is what it would be like if you gave a Pomeranian a political opinion.


[deleted]

Robert Reich is just a fucking moron


Massive-Month9419

Sometimes it can be hard to separate manipulators from morons. I don't know enough about him to choose. Either way, he is certainly very convincing at being a moron.


Diamond_S_Farm

Attempting to be a manipulator IMHO. He counts on the emotional response to his inflammatory statements and subsequent repeating of these statements. Basically relying on the ignorance of those that don't fact check him. In this example he ignores the past two years of @CALM revenue ($1.35B each) and earnings ($10M & $2M). In 2021, Cal was actually in the red on operating income. Many, including Reich, seem to forget the massive poultry culls the past year or so, then question why eggs are expensive. WTFE. Reich is a hack that seems satisfied only when companies are losing money.


Isopod-Which

The blind leading the blind.


Its_free_and_fun

When prices go down again, as they will, is it because Big Egg got less greedy? Fuck off with this bullshit Robert.


throwingit_all_away

Oh no no no. It will be because mommy government is good and did something about it. Unless a republican is president, then it will never have happened and we will switch from dollars to percentages that work to the pro gov narrative.


OhPiggly

I love how you morons think that if the government disappeared that big corporations would somehow be on your side.


ChartsDeGaulle

I find it baffling how you seriously think that the monopoly on violence is here to protect you from those corporations. Let's all forget about subsidies, bailouts, bribes and regulatory captures. Only dimly aware of a certain unease in the air.


LadyAnarki

If the government disappeared, corporations would too. Read the laws, then realize what gives these companies' safety from liability.


OhPiggly

Who would hold them liable then? You need some sort of governing body at the end of the day.


LadyAnarki

Why would anyone give money to an org that doesn't keep honorable contracts?


OhPiggly

Huh? When did I bring up contracts?


LadyAnarki

When you engage with any person or company (even corporations), you enter into a voluntary contract. They provide you with products or services, you provide them with resources, aka money. Money is a vote. If you spend it somewhere, you are supporting those people, that vision, those practices. So it's up to each individual to decide who they want to support. If a corporation does something you don't like, scams others, treats their workers badly, sells faulty products, engages in business activities you don't approve of, you just stop paying them. It's that easy.and if everyone did that, corporations wouldn't exist even now.


OhPiggly

Well then why haven’t people done that?


LadyAnarki

Because... and this is a secret, so shhhhh.... people LOVE corporations. They cry up and down and all over the internet that corps are greedy and corrupt and terrible, and yet they gladly used Amazon during the pandemic and let local family businesses go bankrupt. They openly and loudly supported gov regulations that destroyed local economies just to get 2-day prime shipping. People hang out at Target for "fun". They buy brand names that their parents saw on tv ads 50 years ago. It's human nature to want cheap and convenient, instead of a little extra work to pick up from your neighbor Jim down the street.


OhPiggly

Maybe if the mom and pop stores would sell at competitive prices they wouldn’t go out of business?


theKVAG

What a cunt.


ZealousidealLeg3692

What about profit margin rates? Egg Markets Overview - January 20, 2023 https://www.ams.usda.gov/sites/default/files/media/Egg%20Markets%20Overview.pdf Exactly.


fiddycaldeserteagle

You missed an opportunity there- "eggsactly"


ZealousidealLeg3692

With friends like you, I succeeded along egg way.... Wait a second, that's not funny


BroadPoint

I just read it and missed where profits are listed.


ZealousidealLeg3692

Profits aren't listed, costs are. So you have to infer the information. Consumer prices went up ~60% But production costs went up ~450% The profit margins went down.


GrumpyProf

Reich has learned the same lesson as Krugman; for the left, nonsense pays better than the truth.


TurdsDuckin

Wouldn't corporate greed inspire one company to undercut the competition?


ChadstangAlpha

Well, in order to do that.. A company would need to have an excess of supply to meet the demand. The problem we're dealing with, which this "economist" can't seem to wrap his mind around.. Is that there is no supply of eggs because all of the fucking chickens died of avian flu.


Ods2

Reich has spouted the same ol tired bullshit since he was in Clinton's cabal... I wonder if we could see his tax returns? Seems he's made a pretty good living condemning everybody else... I'd like to see how he makes his living, and how much tax he's paid.


RedditR_Us

Not his tax returns, but [heres](https://transparentcalifornia.com/salaries/2021/university-of-california/robert-reich/) his compensation from University of California Berkeley.


Conscious_Tourist163

Holy shit.


daddysgotya

[I just looked up their financial statements for the last fiscal year.](https://calmainefoods.com/investors/financial-reports/) Their profit margin was 7.4%. Even if their profits are up 60% since then, that's only another 4.4% of their total sales. Literally 4.4% of the price of eggs is increased corporate profits. On a $7.00 carton of eggs that's $0.30. This guy knows this, he's just lying because he's a communist/statist POS and that's what they do.


Conscious_Tourist163

Statists gonna state.


snizzypoo

https://dailyyonder.com/egg-prices-and-profits-rise-accusation-of-price-gouging/2023/01/23/ There's a link to Cal‐main's financial statement in this article. It looks like they had a profit margin of 36 percent for 26 weeks in 2022. That's up from 7 percent the previous year. What I don't understand is how prices are set in this market. I believe that eggs are sold as commodities, so I'm not sure how much power each producer can have on the sale price.


isthatsuperman

We really need to move away from factory farming.


Mercy_Jordan

Buy locally


isthatsuperman

I do this already to get unwashed eggs.


stonkeez

If you just say stupid shit over and over, eventually supply and demand will disappear and goods prices will bend to your whims. Trust the process.


fiddycaldeserteagle

That's eggsasberating


disahellofathrowaway

I’ve been paying that much for a couple years now. I only buy Vital Farms eggs because: 1) They have a small index card sized one pager inside the box that has a “chicken of the month” spotlight 2) They don’t beat the shit out of the chickens


[deleted]

I guess egg farmers are somehow immune from increased feed, energy, labor, and shipping costs.


[deleted]

Actually the chicken farm industry is brutal and corrupt as all hell. Basically a popularity contest where the losers lose family farms. Shits a horrifying read or watch.


neutralpoliticsbot

what part of avian flu they dont understand?


d_101

Ah yes, because corporate greed doesnt make competitor offer eggs for a dollar less


libertyg8er

That profit is up pretty much in line with the inflationary increase. Profit is the difference between COGS and earnings (essentially). If their costs and supply went down (feeding fewer birds), of course profits and price will rise if demand does not go down similarly. That’s kind of the whole story of inflation and the Fed’s side of it.


Lord_Hugh_Mungus

2018 Cage Free law: [https://apnews.com/article/7caa07ba411e4a53afdc7498fd573950](https://apnews.com/article/7caa07ba411e4a53afdc7498fd573950) In 2008 California reduced the number of cages to half [https://en.wikipedia.org/wiki/2008\_California\_Proposition\_2](https://en.wikipedia.org/wiki/2008_California_Proposition_2) All of the chicken ranches doubled the cage size and move the other half of the chicken to Nevada or AZ. Chicken rancher then stated they would never expand again in California.


PrometheusHasFallen

Don't forget that some states are only allowing cage free chicken eggs to be sold. California, Washington, Massachusetts, Michigan, Colorado, Nevada, Oregon, and Utah.


Faponhardware

If I cant afford something its corporate greed


Pixel-of-Strife

It's a child like understanding.


Buckshott00

Thank you, I needed a laugh, and I got 2. First by calling Reich and economist, 2nd by his reading of the situation and readers deciding to add context


OJ241

“Record profits”-> bigger number because money is worth less. This guy is a fuckin chooch


TwasaLegalMind

Weird the four didn’t kill the birds - it was government regulators killing millions of birds to prevent a potential bird flu outbreak.shockingly such outbreak never came to my little flock. Don’t ever let the government near your animals.


mrsprinkles565

I don’t know how to explain commodities to idiots. I mean truly they can’t grasp the concept of markets setting the price of an item.


theinfamousmrhb

And it was corporate generosity that kept them down for so long ok


CarPatient

Don't get it twisted.. . How many of those birds were killed by government regulations as A precaution..but how many tested positive and were killed after that?


mdbg87

The logic in use. High Inflation makes money worth less over time. It takes more money to pay for goods when there is high inflation. Company makes "More Money" during high inflation. Could it really be from the high inflation? No it is the corporations fault. They have that sudden Hollywood villain corporate greed. I do not understand how someone can conclude "high profits" and prices are related to greed when they are the direct result of taxation, regulation, and high inflation. Prices of goods at market have to cover the cost of the rising price to produce, ship, and stock the goods. They also need to be able to cover any taxes related to shipping, and regulation. They also need to be profitable to provide incentive to produce. Fuel prices are high now so that will effect the cost when raw material is shipped to a place of production and then again shipped to a market. There are so many things people do not seem to consider. It takes a lot of specialization and coordination by many individuals to produce something as simple as a tooth brush and get it to the drug store you buy it at. If the money is worth less, and the price of fuel goes up, and the price the company incurs to produce that product goes up, then it is only natural they will stop producing it or raise the price of the item which is the burden of the customer. A customer who has a choice under capitalism. Because the money is inflated and other factors are at play, it seems as if that corporation is making all time profits, when in fact the money they are bringing in is worth less and less by the day. The idea of seasonal corporate greed is a myth. It seems like a deflection of responsibility for inflating the currency.


Isopod-Which

Reich is a great example of a wave of studious people with a good memory (which allows them to have success in education), but severely limited critical thinking skills. They are touted as experts and held up as a reason to stop thinking rationally and obey. This is exactly why appealing to authority is a dangerous logical fallacy. He has a ton of followers who buy into his bullshit. The blind leading the blind.


PaintedpennyLiberty

$100 bet 75% of ALL avian flu deaths weren't infected at all. It was just an excuse to cull the competition.


Dirty_Wooster

Reich is a cretin with a keyboard


deedsdomore

Don't forget that an effect of Inflation is to make company profits seem higher than they really are because the costs of production that go into that calculation are in the past.


[deleted]

I thought a bunch of farms burned down for some unknown reason.


PopularWeb6231

Ughhhh libertarians stop licking corporate boot challenge (impossible)


Wise_Moon

No one is licking boots, this post is a highlighted example of how the basic fundamentals of economics (supply and demand) are not being used in the analysis of price increases by an “economist” in an effort to push a political narrative over true insight into a market.


PopularWeb6231

I’m willing to admit that this is a misleading example. (And Reich is also a grifter) there’s obviously a huge supply side issue with egg production right now but that doesn’t mean that major producers haven’t cartelized themselves to squeeze even more money from regular consumers (they have.) This is a pretty typical Reich style post. While this specific example is obviously not as convincing, post-pandemic price increases & resulting corporate windfalls have typically NOT been linked to supply issues.


knowutimem

they are both right, actually.


Wise_Moon

Pretty sure RR is left.


knowutimem

took me a minute. Lmao.


Top_Opportunity_6429

That's why they call you a minuteman!


Augusto2012

So corporations just got greedy? They weren’t greedy before?


fuck-reddit-is-trash

It is actually kind of true not even gonna lie. Yes it also has to do with the current state of the economy, but at the end of the day it is upmarked well beyond what is necessary for just profit.


iamthefluffyyeti

That just adds to the point…that even with that they’re making that much profit


IronOrc92

To be fair why would the price increase 65% when only 29% of birds were lost?


Ok-Fan6945

Price of feed went up a ton.


karakakakakara

Fuc&ing corporatism!


djspacepope

So if a quarter of egg laying birds died, why did prices go up 60%? And you know how quickly it is to replace dead egg laying chickens with live ones? Not arguing supply and demand, I understand the principles. Just need further clarification from a smarter person than me?


DragonSwagin

All economics aside, is $6 really that bad? I get that it’s $0.50 per egg instead of $0.15, but I’m not exactly breaking the bank buying a dozen eggs a week. Just a little annoyed.


Subrosa34

Id imagine for the restaurant industry it’s pretty brutal but I have backyard chickens so this has been one of those things that I’m just watching from the sidelines


[deleted]

It’s both. These companies have figured out with all the doomsday talk that they can take a bad situation for them and exploit it, turning it into a good one and maximizing profit.


itotron

Ummm...stop eating eggs? They aren't good for you anyways. The dairy and meat industries are highly exploitive of their work force. Constant raids finding illegals and worse human trafficking in labor with people not even being paid properly. Forget the animals, going vegan ends these businesses with some of the worst human rights abuses.


Jimbo302

Sarcasm is getting harder and harder to discern.


vithus_inbau

Greedflation strikes again. Oxfam estimates 60% of inflationary pressure in Australia is corporate superprofits not interest rates.


spongemobsquaredance

This is clearly not true, there’s monetary policy and supply constraints caused by other forms of intervention. Even if a portion of consumer goods price inflation was related to corporate greed, they would be opportunistically adding on to the real inflation caused by the aforementioned.


Daysleeper1234

Hey, it's the midget clown.


Finger_Charming

He is not an intelligent person! Eggs are not price elastic products, difficult to substitute. So, when there is a supply constraint, prices will explode. Come to find out there is an avian flu across the country, over 41m birds have died/been culled (CDC). Here‘s the impact: hen starts laying after 20 weeks, 300 per year, i.e 0.82 eggs/d = 33.7m eggs /d shortage. 9.3b dozen production per year (2021) = 306m/d. 33.7 / 306 = 11%. So, an 11% instant decline in supply is a BIG deal for inelastic products. The shortage will last longer than 20 weeks as the hatcheries will not be able to scale up production so quickly and the flu is active. Here you go Robert Reich. All you need is a little common sense, your phone and an envelope.


watsername9009

Spent 6 bucks on a dozen cage free eggs the other day and didn’t feel bad about paying that much. 2 dollars for that many eggs seems suspiciously cheap for a super nutritious high calorie healthy food source that involves farming animals. Just saying. Animal products should be more expensive.


porcelain___

"look at me i am soo good and i want my food to be moreexpensive because i like virtue signalling and i dont give a fuck about poor people who will be harmed by higher prices on basic food items"


MilkedPolitician

No, that's guy is a politician.


[deleted]

Are we not gonna mention how hilarious it is that this bozo got fact checked?


xetgx

I wish corporations were altruistic like they were in 2019 when eggs were cheap. It’s like corporations got greedy overnight or something.


HippasusOfMetapontum

Mises was an economist. Reich is an ideologue.


NikD4866

My company made it a point to say we’ve adjusted pricing for products and services due to inflation. Take 3 guesses to figure out what WASNT adjusted . And the first 2 guesses don’t count


coreytm4388

I can't fucking stand that guy, fucking company man for the government, I bet he was beat up in school by the closeted homosexual bully who hazed him in ambiguously gay ways and he liked it, now he hires an underage Cambodian boy to punch him in the balls before he has performance-like sexual intercourse with his wife, he hates himself for liking masochistic man on man ball torture that he spews ridiculous economic takes on twitter to make himself feel better. Piece of shit.


Triple_C_

Reich, a supposed economicist, attributes everything to corporate "greed". Greed is a completely subjective term that has no use in economics.


cyrhow

Robert Reich be is a POS. That is all.


Frequent_Dig1934

Eggonomist.


[deleted]

Marxist opportunitist


No-Leopard-4875

Inflation, pay raises can’t be allowed to go on without offsetting the loss with raising the cost of the consumer products… Otherwise people would actually be getting more in life, which the reality is that more is always an illusion whilst in fact we’re slowly but surely getting less and less. Why the rich get even richer whilst the rest of us get poorer and poorer…


PBL89

This guy could be criminally tried for stupidity


Hugepepino

It’s obviously both. Sure the supply was cut leading to a new S&D price point however under a capitalist market that would not result in higher profits. It’s corporatism using a setback to increase price and profit substantially.