this post was submitted on 29 Jun 2025
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[–] streetfestival@lemmy.ca 34 points 1 day ago (8 children)

Where does that extra money that we now pay for groceries go?

There was a huge boom in profits starting in 2022 through to today. We’ve never seen profit-taking like this. It was an unbelievably great time for corporate Canada. When you break it down by industry, most of those profits were going to oil and gas. For example, in the supply chain of potato chips there’s diesel used to farm the potatoes, cook them, and move them to stores. A lot of that increase didn’t go to the grocery store selling the chips. It went to energy companies.

[–] Soup@lemmy.world 18 points 1 day ago* (last edited 1 day ago) (1 children)

But also remember that the cost of energy is nowhere near 100% of the cost of making pretty much anything.

If you doubled the cost of something because the price of a fraction of it doubled you’re absolutely a thief. That’s what these companies are doing; bad math to steal from stupid people*.

*Anyone can be a stupid person, including those with advanced engineering degrees. Hell, it’s almost more likely for them.

[–] rebelsimile@sh.itjust.works 4 points 1 day ago (1 children)

I know what you mean by your wording so I’m not jumping on that, but it’s worth noting that like, eating isn’t a luxury or something that smart people do or rich people or dumb people or whatever. If you have a grocery store in a town/country and it’s the only store (or the vast plurality of realistic options that are all owned by the same company with different faces), you basically don’t have a choice but to submit to this weird “math”, no matter how smart or dumb you are.

[–] Soup@lemmy.world 7 points 1 day ago

It’s not about who’s buying the end product, it’s about who is supporting the people and politicians who use that flawed reasoning to get support.

“The carbon tax will mean that your food price will double” is a massive lie, and should be a major factor is disqualifying whoever says it as being someone to take seriously. Unfortunately, people hear that gas will have an added $0.114/L and believe that that will mean immediate financial ruin for everyone across the country. Politicians that support controlling the rampant greed of companies aren’t getting support while the thieves are and that’s fucked up.

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