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At no point does this article argue the idea that corporate profit increases are a significant driver of inflation. It's just whataboutism: "but governments did
by gjulianm 3y ago
At no point does this article argue the idea that corporate profit increases are a significant driver of inflation. It's just whataboutism: "but governments did X!" "but consumers did Y!"
The thesis that "shortages create higher profits" is also not proven at all. Yes, in a shortage prices get higher, but at the same time there's less sales. Not to mention that downstream business also suffer from higher prices.
In the end this article comes from a place of treating capitalism as a machine that should be left untouched. Governments, consumers and workers must behave and fall in line, but God forbid questioning who's taking home the money that's mobilized to compensate for certain issues (COVID, war) and what could be done to stop that. Apparently it's never the fault of companies, as if they were some natural phenomenon whose behavior can't be changed.