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Blaming inflation on corporate greed is a tale as old as time. And it's largely debunked economic pseudo science. Companies and people are greedy all the time,
by adam_arthur 5y ago
Blaming inflation on corporate greed is a tale as old as time. And it's largely debunked economic pseudo science.
Companies and people are greedy all the time, that's the fundamental basis of capitalism. Capitalism is an acceptance of this and regulations to shape around actors working in their own self interest.
Are companies more greedy now than they were in 2019? No
An opt in moralism based economy will never work and has been tried and failed many times.
- Supermancho 5y ago> Blaming inflation on corporate greed is a tale as old as time. And it's largely debunked economic pseudo science. That wasn't a claim. > Companies and people are greedy all the time, that's the fundamental basis of capitalism. Oversimplification. > An opt in moralism based economy will never work and has been tried and failed many times. This wasn't suggested. Your comment is vapid, in case you're wondering.
- adam_arthur 5y agoIt's implied. Clearly the comment above is suggesting corporate greed is partly contributing to cost pressures. I countered this thinking with my own set of thinking. And if my comment is vapid, yours seems a tier below. You've said nothing other than a personal attack. In the 70s they tried price controls to curb "corporate greed" and it led to mass shortages. How about use some brainpower to refute something I've said rather than insult? Do you have any critical thought?
- Supermancho 5y ago> It's implied. > Clearly the comment above is suggesting corporate greed is partly contributing to cost pressures. Inflation is not related to greed, regardless if you want to say that astrology influences your lottery results. So no. You can be frustrated about it all you like. Good luck with that.