It's down to us, consumers!
I've noticed one sentence cropped up in half a dozen news items tonight: ". . . leaving the consumer to foot the cost . . ."
- The inflationary shock on SPC baked beans.
- The Great Nickel Short That Failed.
- Transport Fuel cost inflation.
- Fuel costs for consumers.
- Elon Musk about Tesla and Space X's inflationary shock.
In every one of those, it was NOT a consumer that initiated the events that caused those stuff-ups.
For example in one case the blame can be placed squarely at the feet of the guy behind Tsingshan Holding Group Co, a Chinese rich guy Xiang Guangda made a bet and lost. By all rights he should have paid that shit out of his own pocket but the London Metal Exchange cancelled that day's trading which pretty much bailed his arse out but of course now they'll be ". . . leaving the consumer to foot the cost . . ."
To be rich, you have to be rich.
Seems like everyone can screw up hugely and not really face much of a setback from it. Because you can ". . . leave the consumer to foot the cost . . ."
How good is letting everyone else bear the brunt of your failures but not share in your successes?
Capitalism's fucked, the idea of a fiat economy ditto, and we are soooooooo ditto ditto...
Cheers, fellow cash cows. Hi ho hi ho hi ho. . .
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