3 ms·
> I will point out that this example of inflation seems to be mostly just price gouging by the big brands. I think price gouging is a major part of all inflati
by mcv 3y ago
> I will point out that this example of inflation seems to be mostly just price gouging by the big brands.
I think price gouging is a major part of all inflation we're seeing. Nothing "just" about it; it's the central problem. Corporate profits are at an all-time high, while prices rise and lots of people struggle to get by.
The only reason it's happening is because corporations think they can get away with it. There's not enough players on the market for someone to be willing to compete on price; it's all one giant cartel.