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Joined 2 years ago
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Cake day: June 20th, 2023

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  • It’s all about financialization. Money people don’t care about product fundamentals anymore, they care about line go up.

    Craft beer looked like a perfect investment because it was already a premium product with social caché (that incidentally was also addictive). But as the above comment notes, there isn’t an endless appetite for overpriced beer, especially when the market is flooded with shitty imitations from mass market beer companies.

    The way to disincentivize it would be to let interest rates skyrocket (financialization only works if the cost of borrowing is effectively zero) but that would hurt regular people first and worst.

    We could also vote in a socialist government who was willing to do things like seize corporate-owned housing and piss on the corpse of companies like Blackrock as their portfolios lose a significant percentage of their value but that seems remarkably unlikely.






  • I see your point but keep in mind this is a microcosm of the entire US agricultural industry. We’ve drastically overbalanced to a knowledge economy, and if US agriculture collapses, that’s bad for the world.

    A big part of grocery prices is labor for harvesting. Mushrooms (to keep with the subject of the article) are ~$5.99 a quart at Costco. Assume that we’re talking about doubling the wages of the workers, that means nearly doubling the price of the product, if not more than doubling because retailers are insisting on a set profit margin. If someone even a little bit competent was in the White House, and if congress had even a slight interest in making life better for the average American, this situation might lead to a push for diversifying the ag sector and breaking up the giant corporations who are responsible for 90% of America’s farms. Instead who knows what happens.