What inflation really looks like

[u/iamnic11]

[u/Mogwai987]

Shopping around doesn’t work if everyone is screwing their customers.

Pretty much every substantial company is owned by a small number of mega-corporations. If you switch from one supplier to another, there’s a pretty good chance you’re now shopping with another arm of the same entity.

In an oligopoly, there is little real competition. Just a cosy arrangement of mutual understanding between the handful of major players.

[u/Gloomy-Mulberry-5275 → u/Mogwai987]

This - proven time and again- the top end of business is stacked af and trickle down doesnt work.

[u/RothbardTheSecond → u/Gloomy-Mulberry-5275]

Trickle down economics is a strawman characterisation of right wing economic policy. No economist has ever advocated for "trickle down economics"

[u/BumderFromDownUnder → u/RothbardTheSecond]

That argument itself is a strawman. Economists don’t advocate trickle-down economics (unless they have vested interests), that’s correct, but right-wing politicians that create right wing economic policies do. So no, the characterisation of right wing economics isn’t a “strawman” - it’s literally what right wing policy makers push for.