Corporate America Really Doesn't Want You To See THIS
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- čas přidán 4. 06. 2024
- The real cause of inflation have been caused by MASSIVE corporate greed, a new report reveals. Ana Kasparian and John Iadarola discuss on The Young Turks. Your Support is Crucial to the Show: tyt.com/team
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"As food costs have skyrocketed for Americans, some of the country’s biggest chains and grocery brands, including General Mills, PepsiCo, and Tyson, have blamed the price hikes on supply chain issues and economywide inflation. But behind the scenes, these companies have expanded profits and quietly authorized billions of dollars in lucrative stock buyback programs and dividend payouts to shareholders.
Americans paid roughly 25 percent more on groceries and dining out this March than they paid in January 2020, outpacing the rate of general inflation. Over that same period, the companies behind the country’s 10 largest grocery and restaurant brands have together returned or pledged to return more than $77 billion to shareholders. "
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240605__TB01_Companies_Rake_In
Corporate crimes in America are flagrant. Corporations must be held accountable.
Our politicians from the Uniparty (all) allow it. If there is an honest politician, they are trying to hold back the sea.
The magical words are carnisurous carnotaurus
Believe in these magical majestical words carnisurous carnotaurus
Who’s going to do that? Our politicians serve the corporations. Corporations essentially run this country. The politicians are simply proxies that give an illusion of democracy.
**ATTENTION**
Scroll to 5:53 minutes listen for weird whispering voice in the background
The funny thing is the people that will rush to defend the rich will be the poorest among us!!!
Well it’s because culture war issues are more important to them then economics
Capitalism for the poor ,socialism for the wealthy.
It's actually opposite
Not really colonel.
That's exactly what they are doing! Pull yourself up by the boot traps yet big Banks and automotive manufacturers get money from the government to keep on working. Then they give their bigwigs extra bonuses. That is not cool
About 80% of the food products in grocery stores are controlled by just a dozen companies. Oligopolies and monopolies are bad for democracy.
The crackers i wanted 1st ingredient was vegetable oil, then wheat flower. YUCH
4 meat processors control around 80% of the market. It's interesting to watch extremely conservative ranchers realize that they're being screwed by the government allowing these monopolies and price fixing.
This is the main reason for our inflation situation not the president he doesn't go into the factories and change the prices. Corperate america have been reporting record earnings for over two years.
🎯🎯🎯🎯
so we should tax them more,I'm sure they won't pass the cost along
Yeah that's how inflation works. All the numbers appear to go up, because there's more money in the system.
@@lowboyyyprice controls! Nixon did it in the 70s.
**ATTENTION**
Scroll to 5:53 minutes listen for weird whispering voice in the background
It's amazing how both political parties came together to protect a war criminal, but unable to protect the poor and destitutes in this country.
Exactly
America is not a country, It's a business.
Money trumps integrity and peoples lives and livelihoods.
Your oppression is their profession.
A failed country in a blood sucking business
They aren't just raising prices, they are also shrinking sizes and charging what they charged before all in the name of "NEW PACKAGING!"
Stop buybacks, start antitrust, stop investor company buying single family homes, condos, etc.
Yes, yes, and…..YES! 😃
Corporations are using every tool in the toolbox-price-fixing algorithms, junk fees, Shrinkflation, and more-to Gouge & boost profits.
Then Blame you for Spending a Stimulus Check to pay Rent 4 years ago
Exactly
Dont forget to thank trump for his assistance in increasing prices by helping get rid of consumer protection programs.
👏TAX👏
👏CORPORATIONS 👏
👏CHURCHES👏
👏ULTRA-WEALTHY👏
Unmitigated profit is*NOT* sustainable!
Please pass it along.
Food. Have you noticed the price of one bag of potato chips?
I don't need potato chips to survive and I stopped buying this product. Many other grocery items have fallen into my don't buy list for the same reason.
Being on a fixed income the cost of fresh fruit and vegetables has become prohibitive.. My current staple is sandwiches with low quality lunch meats.
Who can afford breakfast cereal, eggs, sausage or fresh fruit these days? A slice of bread and a cup of instant coffee is now my most important meal of the day.
Thanks from this senior citizen for all your consideration corporate America.
You might want to ask yourself how many more items I will be crossing off my grocery list this year, but I won't know that until I visit your stores a few more times to see what you are choosing to gouge my fixed income for this year.
Idk what to tell you.
I'm not going to be too proud to reach out for help if I have to. If I need SNAP and food bank I'll just thank God it's there. Something to consider.
Hopefully this advice helps. I would stick with fruit and eggs and drop the meat sandwiches and yes, the coffee too (I don’t drink any coffee and my energy is often the same or higher than those who do drink it). You don’t have to go with a ton of fruit, or milk, or cereal or anything like that, but the fruit will keep you healthy and improve mood when you really need that emergency dose of happiness. You could even drink cranberry juice or grape juice as a substitute for the coffee, both of which I really like. Just in case it’s still hard to buy the fruit plus eggs. The eggs will keep you feeling fuller longer so you don’t need as many snacks throughout the day. If you can’t get the eggs or fruit by itself, I’d try those Chobani yogurts that have a high amount of protein so you feel fuller. Plus, it has fruit inside and probiotics so you will once again at least feel more happy during rough times like these.
If you still like to snack during the day, I’d go with dark chocolate rather than the other snacks out there. Again, it helps suppress appetite so you’re getting more for your bite so you don’t have to buy as much to keep you feeling full (I say this since sometimes people will stock up on granola bars, fruit snacks, or that low calorie Yoplait yogurt which ends up hurting the pocketbook too as that all adds up).
@@RealJackHQ Thank you for your nutrition advice. You echo the advice physicians often provide, but at seventy plus years I do not worry as much about the nuts and bolts of nutrition. Also being a widower my interest in preparing meals is residing at about nil. Consequently, sandwiches become a preferred solution to the shared meals I remember with some fondness. My fixed income situation took away the final threads of caring about what, or when I eat. I have no doubt many other fixed income elderly share my thoughts. Many of us have worked all of our lives only to be priced out of eating out socially and McDonalds as you know is not a solution. I guess I should thank all the greedy price gouging corporations for putting the elderly further into poverty, raising our rents and forcing many into homelessness. The same corporations I worked for and supported are paying us back twofold. Sorry @RealJackHQ your advice is well intended, but we really do not care any longer.
@@00pinkman00 Trust me, if you know it will take some of the pain away during these tough times you will eventually care to tell yourself to give it a try. And actually, no. Physicians often don’t give as specific of nutritional advice as I gave. They’ll say fruits and veggies but not give context as to what will help keep both your stomach and wallet fuller at least for a longer period of time. Would the usual physician tell you that red apples are critical for brain blood vessel health? Would the usual physician inform you that buying grape juice would be cheaper than orange juice as oranges are in shorter supply in Florida and the shortest in Brazil since the late 1980s? Would they inform you that carrots also have lutein, so if you don’t like spinach, you can still have peace of mind of taking care of your eyes by eating carrots? Would they tell you that sauerkraut is the best food for removing extra cholesterol from your blood? If I care to help, I’d like for you to care too. Because once one person gives up it becomes harder to rise up against this said corporate tyranny. Every human being is needed.
Corporate greed!!!
Socialism for the rich, rugged capitalism for the poor.
As a 73 year old on SS only, increased interest rates, food ,heating and only a 3% annual cost of of living less increase we lose. Was looking forward to traveling and enjoying retirement but I stay home. So depressing and powerless.
Price gouging to appease shareholders increases crime. That should be regulated.
Not only are they inflating the prices, they're shrinking the size and quantity of the product trying to make it look like it's not inflated 😮
That is Bidenomics at work
@@Colonel__Ingus69 Colonel Ingus ? That's hilarious !
@@Colonel__Ingus69No dunce, that's corporate greed at work.
I didn't buy any junk food in the grocery store this week. After having been overseas for the last 8months coming back to the US food is a sticker shock. I could get a croissant and a coffee in a cappuccino for $3. I could get a delicious pizza that filled me for around $8. Grocery stores were even cheaper. America is wrecked.
I wish purple hair dye were more expensive
How much do you buy that😂😂😂 and why
Good epic one
Capitalism 101:
Charge as much as you can possibly get away with for your goods and services, while paying your employees as little as you can possibly get away with, for their labor.
They charge so much because inflation and high taxes are costing them a lot of money and they must rise prices to stay afloat. If they don't they'll go bankrupt and the people will be deprived of those goods.
That's the problem
It's not capitalism causing the problem. It's greedy capitalism the one to blame. Back in the 50s American people lived in capitalism a very good life for most of them.
@@MichalengeoSuurha I agree. Before 'trickle-down' economics and neoliberal capitalism happened. Back then trickle-down actually meant 'share the wealth'. Most people were making enough money across the board and had enough disposable income to dine out and support the service industry economy and spread their wealth around more. Which is why we had more family and small businesses. More 'community' capitalism for lack of a better term. Now, since the de-industrializion of America, the non-degreed careers are just about all service industry; restaurants, retail and DoorDash, not many skilled trades. Which we used to offer in our Public Education System, or Vocational Schools. And we wonder why some neighborhoods have gone to Hell, with street gangs, etc.
The problem is not so much capital-ism, as it is with capital-ists.
Or 'corporat-ism', for lack of better word: Fascism. We live under the inversion of classic Fascism. Inverted totalitarianism. Whereas in Mussolini's Italy and Nazi Germany, the state coerced business and industry to comply with the needs of the state and their war machines. 'Socialism' they called it? My @$$. If you know anything about the true origins of Socialism. Which NEVER had 'state control' of production in mind.
Here in America, business and industry coerce the state to fulfill their needs, through obvious ways.
Neither version is an honest portrayal of Capitalism. And You could argue that if Adam Smith and Karl Marx were both alive today, neither one would recognize what we've come to regard as 'capitalism' or 'socialism', by todays totally skewed standards, by ANY stretch of their imaginations.
@@TheMetaModern Stop gaslighting yourself. Capitalism is the problem. I don't know what the solution is, but the solution definitely isn't capitalism. How the hell are we supposed to build a tolerable society if the goal is to make money from other people? 🤔
We buy the same exact food everytime we go shopping over the past few years it went from 120-230. It's ridiculous we don't even get that much.
Not just raising prices, when you buy 4 oz of something for what 8 oz used to cost.
Its corporate greed.
You will NEVER be able to regulate greed in the US.
this is what you get when capitalism has no restraints, and ways to pay less than zero taxes.
#ThanksReagan
First president to work for the, “Heritage Foundation.” The same guys who wrote, “Project 2025” for the next Republican president!
Costco is the only place left that is affordable
Love me a Costco dog, and the chicken bake... that roast beef sandwich aint worth it though.
Aldi has become my place to shop.
Aldi is definitely the spot for non bulk..
Kirkland batteries cost lower and are still just as effective. If you ever need AA and AAA, save some money at COSTCO.
The “free market” only works when there is actual competition. When 90% of products are manufactured or sold by 10% of the companies, they control the market and eliminate the normal restriction to price gouging which is competition.
It’s not just the increase in prices but the SHRINKING of packages. Raising prices is one thing but when they turn around and put the item in a smaller package and call it the same thing, then that is blatant price gauging! Simply morally criminal!
I’m old enough to remember when the government actually represented the American people. Capitalism doesn’t work correctly without checks and balances. Ma Bell was the last time I remember the government going after big corporations trying to corner the economy market so they broke up the communications giant. Those days are long gone because all you hear now is the exact opposite. Corporations merging to eliminate competition and gauging the American people to shreds.
Good point @romn9725, I had forgotten about the break up of MaBell. It seems so far away and on a different planet from the one we now occupy. Our government is now being directed by a bunch of billionaire cowboys who have no clue about the situations of the average American. These billionaires are being backed by Supreme Court justices on the take. As long as the Justices get their share the rest of us are sh*t out of luck.
Many legit expert economists point to the Reagan era administration’s ’trickle down’ economic policies as sort of the pivotal point where ever since then it’s become a capitalist run away train wreck for the US people. ‘Late stage’ capitalism as it were.
The privatization of higher education and practically everything else has allowed rules to be rewritten by those who benefit- and that anyone fell for the idea asymmetrical wealth/power is supposed to ‘trickle down’….ugh
As it turns out, Ma Bell was likely the wrong corporation to go after given how the little bells have gouged even worse. But, if the momentum shifts toward Amazon, Google, airlines, and Ticketmaster then maybe we will indeed get somewhere.
@@RealJackHQ When Jeff's "Mr. Amazon" concern is about having the biggest and most expensive yacht in the world takes center stage in his life, I would say he is no better or worse than Putin.
Nothing matters to is kind of person save for his own interest. I would put forward your supposition lacks merit. However, I would be willing to retract my criticism the day Mr. Amazon invites you onboard for cocktails and a quick spin around the Mediterranean. Good luck with that possibility.
@@00pinkman00 Actually I was referring to being in support of antitrust momentum gaining ground in regard to breaking up Amazon and others. My critique was of breaking up Ma Bell due to how important Bell Labs was and given that the Dakota region would have had broadband internet by 2000 had Bell been allowed to continue making investments in technology.
I said this about oil companies in 2021-2022, most of which have almost tripled their profits since pre pandemic levels, and people thought I didn't know what I was talking about. These companies continue to price people out, then claim that they are losing revenue. We can clearly see that that is not the case.
45 negotiated a 20% production cut with opec in April 2020.
He even made a statement about execs not making enough money.
It's Crony capitalism. Needs more regulations against price gouging
Yep. I’ve noticed “test” pricing with products I used to buy. “If they will $8 they will pay $10. If they will pay $10 surely they will pay $13…” and on and on. And….cheat packs. They go up on a product and give you less of it than they used to. Hoping you won’t notice.
It's called corporate greed!. If you don't understand corporations are hitting record profits.
Enforcing monopoly laws already on the books would be a great way to curb these abuses.
I eliminated 90% of my consumer spending at the beginning of 2023. Saving $1500+ a month now (~55k a year salary), putting it in investments and savings. I don’t even remember all the stuff I cut out. I go to work, with a packed lunch, then come home and read/garden. Then get ready for the next day. People say I’m crazy, I am more at peace than I’ve ever been.
bro no one is calling your life crazy - be real
I switched to only thrift stores. That’s ruined me for going back to retail.
We all need to avoid retail and trade with each other.
I really wonder what the end game is for these corporations. What are they gonna do when literally everyone not in the top 10% can’t afford rent, hotels, plane tickets, shoes, bags, new iPhones, clothes and all the other non essential junk. There will be no customers for their crap…then what?
It’s not logical. Capitalism always overreaches. It eats itself
Not surprised! But why don't we hear this on NBC, New York Times, Washington Post?
these predatory companies are their sponsors thats why.
Check their subscription prices...
Please talk about how funeral homes and mortuary's have very high prices and over charges for everything.
It is unbelievable how much it cost to die
Coorperate greed knows no bounds. Shareholders don't care about the future, they care about the now. They care about getting their money, and when things do go bad, they just wash their hands of it, and sell their stocks before the value drops, and let someone else deal with it.
Finally... someone is calling out the greed from companies making record profits!
Related to this corporations use the same size box/bag but with less food in them. Atrocious and disgusting how they treat us.
Yes.. I am now going skinny..buying as little as possible..we can fight back but it will take will power.. plus vocalizing our displeasure at the checkout, or the billing offices where I pay my bill in person..
The same with rents and house mortgages. It is just unbearable😀
And wages are going up too high? Such BS. I don't understand why we subsidize big corps...but we can't have school lunches.
They will always find excuses to raise prices regardless of what is actually going on.
Fast food prices went up again cant find a meal under $12 in KANSAS now WTF HAPPENED NOW? ‼️‼️
You don't have a "free market" when you have giant monopolies.
One thing that has been absent from discussions about greedflation is THE FARMERS ARE NOT BEING PAID MORE.
Wait, there are people who didn’t already know this?
The corprut greed is just beyond belief. Not enough compation between the giant food chains that hold us by the throat. Same with big oil. Yet, what to they pay in taxes??
The cost of dried beans went up 50% overnight at Walmart.
That is not a small deal. It’s like they are going after our most basic staples. That really creeps me out.👀
Corporate profits are at an all time high. Prices are at an all time high. How hard is it to figure out that price gouging is going on?
I have said this for years. Cost of things have gone up but the main driver is greed.
And when it comes to groceries, The worst part is if they don't sell any because nobody buys it they're just going to throw it out
And that food waste leads to further global warming in return as a matter of fact (methane emissions). So, it’s also killing us…..twice.
We used to eat out once a week, sometimes twice depending. Now, I'm basically cooking 100% of what we eat. I've gone back to pandemic cooking habits, keeping prepped food in the house even if I'm pressed for time (I work full time and have a baby also). In fact, I tried to cut my grocery bill in half by cutting down on what we buy and where. I've found ways to bring it down a bit, but not by much. It's like a full time job just trying to budget and penny pinch.
You can't claim inflation while posting record profits
A perfect example is a barrel of oil is in the $70s, during the pandemic it was in the high $60s. Why is the gas prices still high? Its corporate greed.
Any time they claim higher worker wages are the issue, you can tell they are lying.
Inflation is part of why prices are soaring 3% of our oil consumption is imported from Russia, so the price gouging at the pump is directly on the manufacturers and supply lines (gas companies like BP & EXXON). Russia also only accounts for 8% of the worlds oil supply.
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tRump used your tax money to buy fuel so that it appears we had an over supply. Over supply means lower prices.
Our deficit soared 40% under the tRump administration. Who will eventually pay for this debt? The fools that vote for trump.😢😮
My Economics degree is a little old but they used to preach "perfectly competitive markets" in the first two years.
Then they shot it all down in the third and subsequent years. Basically the "Free Market" is bollocks, all companies seek market power.
And there was no such thing as "Trickle Down".
I hope someone reads this
I’m not crazy, but did anyone else hear the “AW YEA, AW” @5:55 while Ana was talking?!
Price gauging is exactly what’s happening, but the Rich people love seeing the poor fight each other over parties. They love seeing the poor go at each other 😑
Its like a live soap opera for them…. amusement.
Many of the issues I see (purely anecdotal) is people buy things they think they deserve rather than what they can afford.
This is pure treachery and should be treated as such
My food expenses are approaching rent prices.
$170 a week. That's as much as my monthly mortgage. I'm going to start eating out with coupons. Less money for one person.
As a farmer I went broke because we don’t get a living price for our goods. Now I just raise for my own use. Loss of farmers plus bird flu has done lots of damage to our food supply.
What the …?!?!? Why is Johns hair violet???
I really thought my TV was about to crap out on me😮💨
The French already found the solution to this problem in the 1790s.
"...of with 'er head"!
Another part of this issue is that these 12 corportations own nearly 80% of everything you buy at the grocery store:
PepsiCo
Nestle
Kellogg’s
Unilever
Coca-Cola
Procter & Gamble
Mars
Danone
General Mills
Kraft
Mondelez
Hormel
We buy nothing but generic grocery items. ...from Fry's & Walmart. We are a two person household & couldn't imagine if we had kids to feed. We rarely buy meat ...
The corporation has no soul , get used to it , or FEED THE POOR , EAT THE RICH !
Trickle-down economics = money goes to the top, while sh*t trickles down.
Ronert Reich has been calling this out for at least three yesrs now.
Yes, Robert Reich who worked as an economist in repub and dem administrations has been sounding the alarm about what's really going on. It's GREED and they are tripling their revenues.
Save a cow, eat the rich.
It's time for corporations to lower their prices.
Has anyone else noticed Wally World has drastically cut the amount of store brand items they carry.
Fixing inflation is as easy as a wind fall profit tax.
If you can cook, you can save a lot sticking to basic, simple foods. Nothing fancy. Beans, eggs, bread, rice, carrots, celery, onion, value meats. It's the ready meals, candy, soda, extra stuff that's costing too much since even the simple foods got expensive compared to pre COVID. It's clear this is a manufactured GREEDflation and we consumers need to stick to basics and hurt them for doing this. Just stick to basics.
Groceries are sky high and they recently cut food stamps
CEOs want their 35 million dollar bonuses that’s why we Americans have to suffer and work 7 days a week
What?????????
Consolidation and monopolization of industries is contributing massively to price increases and excessive profits.
We've known this since inflation started going up. About 40% of the inflation is corporate price gauging. Shrinkflation is out of control.
Not only shrinkflation, but the chemicals. When I was a kid in the fifties Kraft Mac and Cheese was great, but now, what the hell is in the cheese packet? Whatever it no way resembles cheese. It some chemical garbage dyed yellow, as if you are not supposed to notice. Its crap and I will not purchase it.
THIS is barely spoken about by politicians. The government can surely control this price gouging. To hear the republicans allowed it is no shock at all. But I wonder, if the Dem's get full control, will they do ANYTHING?!
Both parties are corrupt, no different. They play the public and pad their pockets with donations from big business.
Remember the grumbling CEOs saying they had to make the workers desperate once more? That the workers had too much power, coins, so have to take that and make them desperate again
Imagine having such severe brain damage that you can't take somebody seriously because they dyed their hair an unnatural color.
I bet they don't have a problem with the color orange!!!😂😂😂
Why aren't there congressional hearings about this?
YES
Because Republicans have control over the House right now & they don't care. Do you get it?
DO you know of the words "illegal bribing", aka- graft, aka- lobbying?
The country is experiencing a greed-flation, if a person follows the earnings of the oil and gas retailers, the supermarket chains and food producers, they will see that those companies are gaining record profits
MONOPOLIES ARE NOT COMPETIONS FOR MYTHICAL-SCHOOLED-PREACHED BY CORPORATES WITH STOCK BUY BACKS POWERS OF SELF AGRANDIZINGS REWARDS AT THE WHOLE COUNTRY'S EXPENSE.
If you control the food supply, you control the people.
Nah - if you control BANKS, you control EVERYTHING.
If a Lie is told often enough... Israel will STEAL it and claim it was theirs all along.
John has purple hair
Don't worry deflation is on it's way. Corporations and CEOs have forgotten about basic consumer fundamentals, and basic supply and demand. When the consumer is saddled down by high debt, high gas prices, and high cost of living. They have no choice but to cut back, and cut heavily. No one will tolerate another 2008 bailout of big banks regardless of which party is in office. So that won't save them next time. Granted this deflation scenario could all change if we have an oil crisis or another world war. If that happens, get ready for runaway infaltion, and perhaps hyperinflation if it gets really bad.
There’s something called “profiteering” that’s supposed to protect consumers from this sort of thing.
That's in actual capitalist societies.
In a real capitalist society a nation of our wealth should have a 60% consumer base at any given time.
Don’t buy shit from corporations. Divest, boycott, strike.
If we had not let monopolies run wild (since Reagan), corporations would not have been able to jack up prices due to competition. Where there is little competition (or collusion between the providers of goods or services), they can raise prices as much as they want, and, for non-luxury items, people have no choice but to pay the exorbitant prices.
I think you should name and shame the top 100 brands along with naming their board members, people can then make a difference by no longer buying the brands. The distance between rich and poor is only getting wider, just look at the difference between what the lowest earner and the highest in an organisation is and track it over the last 30 years.
Its simple price gouging and meanwhile the government acts like their hands are tied.
I agree. Biden should have put in price controls years ago.
@@davidhutchinson5233 Price controls are a complete disaster that'll destroy a country.
@@jackied962 Maybe, but it's pretty destroyed for most of us already😓
The number one cause of inflation is from the constant drumbeat of "inflation" in the media. This gives ceos an excuse to order more price gouging.
Lol. You think that companies wait for the media to trigger higher prices.
That would be crazy if Congress investigated into this instead of acting like children.
Too busy campaigning for Israel
The problem is monopolies. If you have a few companies commanding a large part of the market, they can easily control prices. If you have enough competition, where different companies are competing for customers, it’s much better for customers.
This situation is crushing small businesses. It's ridiculous.
Even if companies ONLY raise prices the same % their costs went up, they are making more raw profit per unit.
Lets say my cost per unit is $.50 and sale price is $1.00.
If my cost goes up 20 percent which is 60 cents and I charge 20% more which is $1.20 I am making 60 cents profit per unit instead of 50.
There is no need for super predatory price gouging, because just passing along the increase will create more profit for these companies.
bingo - got it stock buybacks were illegal until the 80s - when Ronnie and friends started breaking down Glass Stegal
Anna is a wealthy woman. No criticism of that, she helped build a very successful enterprise and has worked her butt off I'm sure. But when she says "I don't know where I'd be without Costco"? She'd be a wealthy woman paying more for groceries. Her financial problems are far from most peoples' financial problems.
MJ said it best “they don’t really care about us “
This is what happens when the rich are in charge 🤑