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    Victoria Stuart 🇨🇦 🏳️‍⚧️ (persagen@mastodon.social)'s status on Friday, 13-Sep-2024 03:07:36 JSTVictoria Stuart 🇨🇦 🏳️‍⚧️Victoria Stuart 🇨🇦 🏳️‍⚧️

    [thread] Food security/greedflation

    Food security: https://en.wikipedia.org/wiki/Food_security
    * reliable access to suff. quantity of affordable, nutritious food

    Greedflation: https://en.wikipedia.org/wiki/Greedflation
    * inflation driven by corporate profits
    * price gouging, price fixing, windfall gains resulting f. information asymmetry, monopolies, ext. shocks to economy (COVID-19 pandemic)

    #inflation #greedflation #shrinkflation #profiteering #capitalism #PriceFixing #AlgorithmicPricing #CorporateGreed #poverty #FoodSecurity

    In conversationabout 8 months ago from mastodon.socialpermalink

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      Food security
      Food security is the state of having reliable access to a sufficient quantity of affordable, nutritious food. The availability of food for people of any class, gender or religion is another element of food security. Similarly, household food security is considered to exist when all the members of a family, at all times, have access to enough food for an active, healthy life. Individuals who are food-secure do not live in hunger or fear of starvation. Food security includes resilience to future disruptions of food supply. Such a disruption could occur due to various risk factors such as droughts and floods, shipping disruptions, fuel shortages, economic instability, and wars. Food insecurity is the opposite of food security: a state where there is only limited or uncertain availability of suitable food. The concept of food security has evolved over time. The four pillars of food security include availability, access, utilization, and stability. In addition, there are two more dimensions that are important: agency and sustainability. These six dimensions of food security are reinforced in conceptual and legal understandings of the...
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      Greedflation
      Greedflation, or sellers' inflation, describes inflation that is driven by corporate profits. This can happen through mechanisms like price gouging, price fixing or windfall gains resulting from information asymmetry, monopoly-like power and external shocks to the economy. The inflation that arose during the pandemic led to more acceptance of the idea of greedflation or 'seller's inflation' beyond the progressive economics fringe. By 2023, sellers' inflation was embraced by some mainstream economists, policymakers, and the business press. Organizations and notable people that have expressed concern about greedflation include the IMF, the European Central Bank, Federal Reserve Bank of Kansas City, FTC, Isabella Weber, and Robert Reich. Some proposed remedies include pursuing anti-trust enforcement, windfall profit taxes, anti-trust enforcement and anti-price gouging measures like price caps. Organizations and notable people who dispute the concept or are less concerned about sellers' inflation include The Economist, CNN, Federal Reserve Bank of San Francisco, Justin Wolfers, Jason Furman, and Noah Smith. History The...
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