clearly, the narrative is “record profits mean gouging!” but this is a ridiculously facile and illiterate claim.
it’s pure playing to the peanut gallery.
inflation drives the nominal value of everything, including profits, higher. if a company once had $100 in revenue and $5 in profits and these numbers grew to $150 and $7 in profits, sure, that’s “record profits” but if inflation was 50% in that period, it was a drop in profits in real terms. it was also a drop in margins. what was a 5% profit margin is now 4.7%. that’s the opposite of gouging, that’s margin contraction and lower real profits. and that is what we are seeing across the US right now. businesses are not gouging, they are taking it in the chin to protect the consumer.
https://boriquagato.substack.com/p/price-gouging-is-a-nonsense-narrative
This could not be said ANY better…..please share & wake up some foolish in Canada….
This whole Lake Ontario issue only identifies and illustrates how incredibly uninformed some people are, and how so many lack critical thinking skills.
What people don't understand is that Donald Trump does this on purpose, just to expose the idiocy and hypocrisy. And those of you reacting are only proving his point.
We have changed the names of streets, schools, roads, buildings, universities, sports teams, government institutions, military bases, parks, mountains, islands, towns, and geographic landmarks.
We've changed terminology for races, ethnic groups, disabilities, occupations, Indigenous peoples, and entire communities. We've changed titles and forms of address. We're told to respect people's preferred names and pronouns, even when they differ from what they were called previously.
Remember the Queen Charlotte Islands? We changed that name to Haida Gwaii. Now they're even talking about changing the name of ...
