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The only collusion is the default one: profit at all costs. Everyone raises prices to increase profits, increasing inflation, that increases prices further...
by Draiken 3y ago
The only collusion is the default one: profit at all costs.
Everyone raises prices to increase profits, increasing inflation, that increases prices further...
I don't understand why people are so happy to blame governments and treat companies, in which profit is their raison d'être, as if they're only "reacting to the government".
Of course both are to blame, but let's stop pretending companies are victims while record profits are seen everywhere (adjusted to inflation). Many (if not most) are clearly taking advantage of this exact sentiment against the government to pocket even more profit. It's not me, it's the inflation!
- josu 3y agoIf this is true, why are inflationary periods relatively rare?
- Draiken 3y agoRare for whom? At any point in time this is happening in many countries around the world. I don't see how the frequency changes my assertion though. That's the regular boom/bust cycle from capitalism. There are many theories on why that happens but the fact is: they happen.
- AstralStorm 3y agoWell were it even a cycle. It's an even increasing oscillation until it explodes and corrective action is taken. I hope this time it will be corrected... permanently.