3 ms·
>greedflation is easy to prove - huge increase in profit margin without a corresponding increase in cost But how would the cost of the previous few years (unce
by Aerroon 3y ago
>greedflation is easy to prove - huge increase in profit margin without a corresponding increase in cost
But how would the cost of the previous few years (uncertainty from covid, war etc) show up in the current price? I doubt they have a line item for the risk/hardship the business had to go through over the past few years, but it's definitely going to have some cost that's expressed at a later time in prices. How would you account for that?
- kranke155 3y agoStiglitz has a talk about this where he discusses exactly this. Can’t think of the time though: https://youtu.be/4BAsZIHp9HI https://youtu.be/4BAsZIHp9HI