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Yes, exactly. The "greedflation" label definitely has an element of truth to it, but it strikes me as misleading. Why is everything so expensive? Oh, it's greed
by rcktmrtn 3y ago
Yes, exactly. The "greedflation" label definitely has an element of truth to it, but it strikes me as misleading. Why is everything so expensive? Oh, it's greed. Guess we'll just have to either shrug and live with it or dismantle everything and go to a centrally planned economy. Greed is part of the human condition that will rear its ugly head whenever you allow individuals or groups freedom. Not something that could have been easily foreseen and dealt with by good governance.
Something like "trustflation" would be a better name. Want to reduce prices by allowing/encouraging corporations to consolidate their supply chains? Maybe that's a good short term trade off. But prepared for the inevitable trustflation when your too-big-to-fail, risk-averse monster can now hike prices as it sees fit.