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Companies don't consider seeking additional profits to be "immoral." Nor did they change behavior, not radically, at least. Companies saw fear, chaos and a lack
by listenallyall 3y ago
Companies don't consider seeking additional profits to be "immoral." Nor did they change behavior, not radically, at least. Companies saw fear, chaos and a lack of resistance from the buying public regarding pricing, and adjusted accordingly.
Personally I don't consider this "greedflation," but post-pandemic economics exposed that the equilibrium between producers and consumers was vulnerable to a major shift (in favor of the producers), and they took advantage of that.