IMF: Largest driver of EU inflation is corporate profits

Re:IMF: Largest driver of EU inflation is corporate profits by JKCalhoun on Monday June 26, 2023 @03:39PM (#36484710)

> Currently we have A LOT of capitalism AND very uncompetitive markets.

I've been bemoaning lately the degree to which we ('ordinary folks' as they say) are essentially shut out of whole industries.

Want to open a grocery store and go against the local Kroger? A drug store and go against the local CVS? A hardware store and go against the local Lowe's?

I think the only way I can get into the new-car dealership aristocracy here in LOCAL_TOWN_USA is to marry into it.

Restaurants, nail salons, small trades, franchisee.... It's good that they left us a few scraps I guess.

[ Parent | on HN ]

Re:IMF: Largest driver of EU inflation is corporate profits by ke88y on Monday June 26, 2023 @03:45PM (#36484783)

Normally technology, wars, and revolutions are the only ways that these massive aristocracies are disrupted. And even then, many hold on.

I do not see a path toward technological upheaval. If anything, exactly the opposite. E-commerce proved to be winner-take-most, and for anything in the real economy it's yet another significant capital input required to compete.

I think the next 100 years will prove to be a real stress test of the "elections not revolutions" hypothesis regarding representative democracy. Both Europe and the USA failed the last several attempts at peaceful major social upheaval, so I'm unfortunately not holding my breath...

[ Parent | on HN ]