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REPORT ABUSIVE REPLY
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Message Subject
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I FEEL SHAME: I am 62 and had to borrow $500 from son to survive this month
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Poster Handle
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HairyBarbarian |
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Post Content
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A lot of people are experiencing or will be experiencing hardship. Here in the UK gas and electricity are being hiked to double what they were a year ago - petrol has gone up by an extra 70 pence a litre this year - it makes me think this will cause decreased spending as households are forced to pay everything to the power gas/electricity /oil companies forcing recession/ depression - and many businesses will go out of business - many products will no longer be available as necessities become paramount.
The money will be in the hands of the power giants to fill these gaps in the market - and we will all be at their mercy as they monopolise.
The more you think it through - the worse it gets.
Quoting: HairyBarbarian I can't say how accurate the following is, but it is another form/ method of monopolisation by the giants: "...Ambani led group has entered into the distribution business of Pharmaceutical and consumer goods including Staples and FMCG products. This move of theirs will ring a death bell to a majority of business houses who are into distribution business. Here they have applied the same strategy which they used while launching Jio mobile service. First they provide the goods at catchy discounts to retailer's by passing on the huge discount that they gain by direct negotiations with FMCG manufacturers as well as direct procurement of staples from the farmer's. Over the course the current distribution network will collapse and Reliance group will monopolize the segment after which they are going to dictate the price for what every Indian spread on his dining table." [ link to en.wikipedia.org (secure)] The connection here is between staples/ commodities and distribution. The key problem I have with the power supply giants is the connection to power source (and derivative "industry"). Up until April 2023, they can't take energy debt from benefits - (which means if you owe - it is automatically taken from your benefits) - so, I think at the moment they are capped from increasing energy supply amounts to people on benefits but only up until then - I am not sure exactly. I just think it stinks how we are trapped in a system where they can hike living expenses for basics - then extract the extortion without us being able to do anything or have a say. It's like a horrible trap - and who knows the way out? Over here they can automatically take from wages too - even if it is unfair or contested - and contest in the courts can be very unfair too. It's a horrible trap - everywhere.
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