Juno News - April 25, 2022


Does Jagmeet Singh understand basic economics？


Episode Stats


Length

1 minute

Words per minute

195.76102

Word count

391

Sentence count

27

Harmful content

Toxicity

3

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Jagmeet Singh, leader of the New Democratic Party, says that the real reason prices are going up is not inflation, not because of Justin Trudeau's spending, but because of corporate greed. This is one of the most juvenile, ridiculous takes I have ever seen in Canadian politics.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
00:00:00.000 want to pick up on this video of Jagmeet Singh because it is one of the most juvenile, ridiculous 0.93
00:00:06.100 takes I have ever seen in Canadian politics. Jagmeet Singh, leader of the NDP party, puts out 0.72
00:00:11.300 a video, the very, very, very simplistic, like 18-year-old communist kind of stuff,
00:00:17.960 saying that the real reason that prices are going up, not because of inflation, not because of
00:00:22.500 Justin Trudeau's spending, but because of corporate greed, okay? Corporate greed. I want to play you
00:00:27.180 this video to show you just how silly and ridiculous it is. So here is Jagmeet Singh. 0.99
00:00:32.860 The cost of everything is going up. Some say it's because of supply chain issues. Some say it's
00:00:37.360 because the government spent money on programs to help people in need. Here's the truth. Why is the
00:00:42.360 cost of everything going up? Simple answer, greed. When the cost of things go up, it hurts some people,
00:00:49.300 but it benefits those at the very top. And it's not the grocery store workers, those that stock the
00:00:54.500 shelves, farmers that grow your food, or small businesses and grocery stores like this.
00:00:59.900 Large corporations, big box stores, and big retail are making record profits in this time.
00:01:04.960 Okay, wait, just hold it right there. Okay. So this idea that Jagmeet Singh is saying that it isn't the
00:01:09.860 fault of independent grocers and local grocers like the one that he's in, but he just blames it on greed
00:01:14.860 of these big box stores. Okay. That defies the very basic logic of Econ 101. Because the idea,
00:01:20.960 if it was just greedy, greedy people sitting in Walmart and Loblaws and these big box stores,
00:01:26.060 then the smaller places would have a huge opportunity, a huge market opportunity to
00:01:29.700 undercut them in price. Because as Jagmeet Singh is saying, they're not greedy. It's not their fault.
00:01:34.220 So they could just charge a much lower price. And then consumers wouldn't go to the big box stores,
00:01:38.780 they would go to the little ones. Of course, what Jagmeet Singh is saying is complete nonsense. What,
00:01:42.840 did greed just suddenly come up in the last like year? You know, the actual cause of inflation rising
00:01:50.080 at 7% this year over last year is because corporations just suddenly became 7% more
00:01:55.860 greedy. That doesn't make any sense. It's silly. It's so ridiculous.