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As I See It

Greedflation costing us a pretty penny



When the pandemic hit, American consumers were faced with higher prices. The inflation was blamed on supply-chain issues that made just about everything more expensive. Those issues have been resolved, but for some products, prices remain stubbornly high. In many cases, this is the result of not inflation, but greedflation. That term, coined by Senator Bob Casey of Pennsylvania who argues the only reason prices are so high for some products is corporate greed. Nowhere is that more true than at the grocery store. Coca-Cola raised its prices by 11 percent in 2022. Pepsi instituted similar price hikes. They are hardly alone. Airlines charge seat fees, baggage fees and early boarding fees. At least the government is cracking down on late fees banks and credit cards charge. It is no surprise companies that have chosen to charge significantly more for their products are seeing record profits. Just look at their bottom line. Some consumers are fighting back, no longer drinking soda or other products which have soared in price. Others are bargain shopping, choosing store brands over name brands. Maybe that will finally get their attention. While actual inflation has eased, it seems greedflation is what is really to blame for today’s higher prices.

Scott Robert Shaw serves as WIZM Program Director and News Director, and delivers the morning news on WKTY, Z-93 and 95.7 The Rock. Scott has been at Mid-West Family La Crosse since 1989, and authors Wisconsin's only daily radio editorial, "As I See It" heard on WIZM each weekday morning and afternoon.

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  1. John Q Public

    March 8, 2024 at 5:13 am

    I see you brought into the lies of the dysfunctional deranged delusional depraved Biden regime and his new buzz word…maybe you should ask seniors about that buzz word greedfalation.

  2. John

    March 8, 2024 at 5:23 am

    Not sticking up for corporations…but prices raise because of mostly having to pay employees more. The term living wage coined and usedby many democrats, is showing its head. Every ingredient is more expensive now days to make a product, the biggest expense is wages. I’m all for people getting paid their worth but paying starting wage at Culver’s $18.00 is mind blowing. The market rectified itself now we have to live with it or wait for it to crash. Sadly a crash is more likely. Mr. Shaw is doing his best to push all the higher prices on business when in essence he took out small businesses or cheered it on during covid. Less competition now days more monopolies. 95% of all the corporations we see and buy from are owned by less than 8 groups. We are controlled. Henry Kissinger said control money, control the food, control the education system, control the health care then you control the society. Sad we let our forefathers down because of laziness.

  3. Greg Symons

    March 8, 2024 at 6:14 am

    I always laugh when people complain about credit card fees and late charges. If they pay on time, guess what, no late fees. People complain because “they” failed to live up to “they’re” agreement. Do what you are supposed to do and you won’t see a late charge!

  4. Kent Porter

    March 8, 2024 at 7:05 am


  5. Kevin Keeffe

    March 8, 2024 at 7:23 am

    Greedflation – do you work for nothing? Do you own a business? Do you give your services & goods away for a break even return?

    Has anyone that accuses the companies & small businesses of the world greedflation, do any of them actually make a living by selling of goods and services?

    I lament that we are getting much less product in our packages for more money, I do however realize that the income created by that strategy is designed to pay employees, investors, replace equipment, expand business, actually create jobs.

    Our government practices this in a similar but reverse sort of fashion, taxing us more to provide us, less and fewer services, most certainly they seem to provide the parts of the world more services, guns/ammo to Ukraine, health/housing/nutritional benefits to anyone that seem to lie/cheat and steal their way across the border!

    I call bullshit, i don’t deny greed, it’s what makes the world go around at times, God then uses that motivation of greed to create something good, typically called progress.

    • k

      March 8, 2024 at 7:35 am

      Oh yeah, I forgot that big push as of late to raise all wages to a living wage, you know that $20-$30/hr range? Where do people think the extra income to pay that higher wage is going to originate?

  6. R head

    March 8, 2024 at 8:49 am

    Again Shaw got it wrong companies are in business to make money. Joe is the reason for high prices. Joe never complains about the price of ice cream.

  7. Tom

    March 8, 2024 at 9:21 am

    Corporations are making record profits even if their defenders want to deny that for political reasons. The facts remain, corporate profits increased during Covid and since Covid. Prices have increased and the products have decreased in size and cost of production. This isn’t about attacking corporations which have to make a profit to remain in business. But they don’t have to make hundreds of millions of dollars in profits like the oil companies have been making.

  8. Tom

    March 8, 2024 at 9:23 am

    How is it greed when profits remain the same (or maybe are even lower)?

  9. Walden

    March 8, 2024 at 9:29 am

    I see a basic economics education would benefit WIZM. To wit:

    Price levels are mainly a function of something called “supply and demand.”
    Supply was interrupted by the pandemic as factories were shut down; that is largely past.
    Demand was turbo charged by trillions of $ of government spending (demand) as Biden’s budget blow out (think locally the City, County and school district collected over $60 million in Covid $).
    Excess demand drives up prices for goods and services (wages)…inflation.
    Then the Federal Reserve boosts interest rates to cool inflation and in doing so increases the cost of credit, including home construction and mortgages…more inflation.
    Then the Treasury has to print more money to feed government spending and this depreciates the value of existing monetary stock…yet more inflation.
    The above inflation means companies have to raise prices, which creates…more inflation.
    This is the inflationary and debt spiral were are now in…think of the spiral as the countries currency circling the toilet.

    WIZM and Slo-Joe should stick to their potato chips.

  10. nick

    March 8, 2024 at 9:34 am

    A history lesson. Senator Casey was a pariah in the Democratic Party.
    Then he got religion, switch from pro life to pro death( abortion) and bingo we need you to run for the senate.
    Biden loved that wages were increasing but now rails against higher costs.
    He caused this and thinks we are stupid enough to believe it is greed.
    He should issue one of his infamous executive orders and state all businesses decrease prices by 10%. Then small businesses will go out of business.
    Watch what happens in California when there minimum wage goes to $20 an hour.

  11. Mitey Mite

    March 8, 2024 at 9:38 am


    Yet another word made up by the Left to cover their failures.

  12. Just Asking

    March 8, 2024 at 10:49 am

    Did WIZM receive its talking points from the Democratic Party before or after the SOTU address?

  13. Bob N.

    March 8, 2024 at 10:52 am

    Those under 40 years of age have never seen price hikes like this, so it scares and angers them. They may not be as altruistic with other people’s money as they have been.
    Mr. Biden and his supporters, declining in number as we speak, attempt to point at a slowing inflation rate as cause for cheer and votes as if being robbed just once a week versus being robbed daily is acceptable.
    Prices across the board are way up from Trump’s days and are still rising. Most will likely never come down, if life in the first 20 years of this century is a precursor.

    But, Joe keeps saying that we are ungrateful for the great job he’s done. November will tell all.

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