Axios morning email thingie is warning us that late-stage capitalism is going to interfere with Christian Theocracy this year (weird emboldening and enigmatic bullet usage is all theirs):
- Businesses are warning consumers to start holiday shopping yesterday to avoid the worst of the empty shelves and inflated prices.
Hasbro plans toy price increases that “should cover additional expenses, leading the company to expect limited margin headwinds,” Goldman Sachs’ research team writes in a note.
- “Mattel’s price increases … will offset cost inflation from supply chain challenges,” Goldman wrote separately.
What’s happening: Pent-up demand for goods, and record household wealth, are translating to strong consumer spending, giving companies more pricing power to cover rising costs of materials and logistics.
What the observant reader will notice is that the words off-shore manufacturing are not mentioned anywhere in the analysis. If you go to the full article, you will see the generalized term supply chain mentioned twice without explaining what that phrase means.
So all the much-vaunted destruction of the American manufacturing base to bring (allegedly) lower prices to consumers (which was never apparent to me, but the profit margins for the CEO rat bastards have been notable), is now going to cost you even more.