For a couple of years now, we've had a politician, Jagmeet Singh, and his entire political party (NDP) calling for price controls in Canada.
In his latest stunt, he spoke directly to the camera while holding up various grocery items, like a bag of apples, and said, "This is $9. It's completely unacceptable! It shouldn't be this much!"
What are the chances that Jagmeet Singh knows anything about the apple industry? Does he understand how long it takes to grow a tree, how many apples it produces, the timing of the harvest, the costs of picking them, shipping, and distribution, etc.? Probably close to zero, yet he pretends to know what the price should be.
Meanwhile, the media refuses to inform their readers about the low margins of grocery chains. In Canada, the big bad chain is Loblaw, whose margins are around 3.5%-4%. Instead of highlighting these low margins, the media and politicians continuously push the narrative that Loblaw is making record profits.
One must wonder, how can Loblaw be making higher profits while maintaining the same margins? Could it be that inflation is causing the numbers to go up while simultaneously reducing the corporation's purchasing power?
Across the world, we're being led by complete morons, while NPCs gobble it all up. They are so incredibly dogmatic that they refuse to listen to any alternative perspective. We're in a lot of trouble.
Nic
npub134…9qjkm
2024-08-17 15:15:08
in reply to nevent1q…74c4
Author Public Key
npub134u08yp6rdcgcamfdcra9aysvhne9wpssft8ntm9qvfu95erxdcqx9qjkmSeen on
wss://relay.noswhere.comPublished at
2024-08-17 15:15:08Event JSON
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"content": "For a couple of years now, we've had a politician, Jagmeet Singh, and his entire political party (NDP) calling for price controls in Canada.\n\nIn his latest stunt, he spoke directly to the camera while holding up various grocery items, like a bag of apples, and said, \"This is $9. It's completely unacceptable! It shouldn't be this much!\"\n\nWhat are the chances that Jagmeet Singh knows anything about the apple industry? Does he understand how long it takes to grow a tree, how many apples it produces, the timing of the harvest, the costs of picking them, shipping, and distribution, etc.? Probably close to zero, yet he pretends to know what the price should be.\n\nMeanwhile, the media refuses to inform their readers about the low margins of grocery chains. In Canada, the big bad chain is Loblaw, whose margins are around 3.5%-4%. Instead of highlighting these low margins, the media and politicians continuously push the narrative that Loblaw is making record profits.\n\nOne must wonder, how can Loblaw be making higher profits while maintaining the same margins? Could it be that inflation is causing the numbers to go up while simultaneously reducing the corporation's purchasing power?\n\nAcross the world, we're being led by complete morons, while NPCs gobble it all up. They are so incredibly dogmatic that they refuse to listen to any alternative perspective. We're in a lot of trouble.",
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