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2 yr. ago
  • Hey wait I’ve seen this one before!

    “ The dotcom bubble burst when capital began to dry up. In the years preceding the bubble, record-low interest rates, the adoption of the Internet, and interest in technology companies allowed capital to flow freely, especially to startup companies that had no track record of success.”

  • Although a little outdated being from Nov 2022, Statistics Canada has a great breakdown of what contributes to the rising costs of food beyond transportation costs.

    I'm not saying corporate profit-taking isn't affecting prices or that we shouldn't do anything about it, just that there's a lot going on here. Last time I looked Loblaw's profit margin had increased from 2% to 3% from 2020-2023. A 50% increase is a lot and I think they're scum for doing that, but it doesn't explain the overall 30% increase in food prices.