Santa Monica13m ago
Below comment was published in the NYT 2/26/2022. Corporate America has many routes to take advantage of the poor consumer. An agency with enough power to protect consumer’s interest is now a must.

The New York Times
ISABELLA SIMONETTI AND JULIE CRESWELL
NOV 1, 2022
FOOD PRICES SOAR, AND SO DO COMPANIES’ PROFITS
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The New York Times

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SIT | Santa Monica
I’m someone who spent over forty years of his life working or partnering with most of the big names in the consumer goods Industry. I understood for a long time the subtle packaging terms of weight and value for money. This reflect itself as one tool of price manipulation. This is not a sole tool they use to take advantage of the poor consumer. Other tricks are always they can pull up their sleeves. As an example sell a chocolate bar with three fingers instead of four for the same price. Compromise on the quality and packaging of tissue papers, changing size of a bottle or a can in the beverage business, creating B brands to protect and control their share in the market, are just a few examples of the many tools they use to hedge against inflation instead they inflame it. Among senior executives, this they call, success, good management skills, therefore warrant a good bonus and share option. The one thing absent in all this is a consumer protection agency with enough power to protect both the interest of the consumers, and the economy. It was good days for us for America and the world when Ralph Nader was the tzar of this agency in the JFK administration.

Samir I Toubassy

I have some ideas starting from the grassroots to face this vicious attack against global manufacturers. Will be happy to share.