Economists say there are a number of factors driving up food prices, but they expect food inflation to slow over time. Here's a look at some of the factors behind Canada’s high grocery prices and what to expect in the coming months.
TLDR; climate change, Russia, supply chain not recovered, labor shortages; more price increases expected :/
Under capitalism we don’t produce food for the purpose of feeding people, we produce it to make a profit. If a person can’t afford to buy food, we let the person starve and the food rot on the shelf.
There are some exceptions, but the vast majority of farms in Canada, and around the world, operate under a socialist model – they are owned by the workers.
What you describe isn’t a feature of capitalism, it is a feature of human nature. Someone giving up their life to grow food wants something in return. People don’t like having to give up their life, so if you have nothing to offer in return, people don’t take too kindly to that.
The grocery stores record profits make it obvious they have more than enough room to absorb a lot of the upstream pressure for price increases. They don’t feel compelled to do so in any way though :/
You list all the reasons but the one that actually matters and is responsible for all of the others: capitalism.
Why do people find it so hard to say/admit?
Under capitalism we don’t produce food for the purpose of feeding people, we produce it to make a profit. If a person can’t afford to buy food, we let the person starve and the food rot on the shelf.
There are some exceptions, but the vast majority of farms in Canada, and around the world, operate under a socialist model – they are owned by the workers.
What you describe isn’t a feature of capitalism, it is a feature of human nature. Someone giving up their life to grow food wants something in return. People don’t like having to give up their life, so if you have nothing to offer in return, people don’t take too kindly to that.
Oh, it’s a TLDR of the article, not my opinion.
The grocery stores record profits make it obvious they have more than enough room to absorb a lot of the upstream pressure for price increases. They don’t feel compelled to do so in any way though :/
The margins have grown considerably in the past year, yes, but they also know what’s coming. Make hay while the sun shines.