Occupy Underground
Related: About this forumWhy are prices still so high? Corporate greed, some say.
Hearing that big corporations are raking in hefty profits frustrates Nick Rosolino. As the owners of a small cleaning business in rural Maine, Rosolino and his wife are finding it increasingly difficult to break even after the prices for the products they use soared in recent years.
While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes theres another key reason why prices have soared and remained high: Corporate greed.
Many CEOs are stating that profits are up as a result of rising prices, said Rosolino, 51, who lives in New Gloucester, Maine, about a half hour from Portland. Its definitely a driving force, greed. Its corporate greed.
Asked how they are feeling about the economy, Rosolino was among a number of CNN readers who blame companies drive for higher profits as a main factor for the dour mood. That has kept prices elevated and left them, and the nation, struggling, they say.
https://www.cnn.com/2024/03/11/economy/inflation-corporate-greed-biden/index.html
Marcus IM
(2,209 posts)Think. Again.
(8,185 posts)Marcus IM
(2,209 posts)Deregulation. Despoliation. Privatization. Benchmarks of dictatorship.
The Nature of Cuba
Tiny frogs. Vast swamps. Pristine rivers. Whether by design or default, the island boasts the Caribbeans best-kept wildlands. But for how long?The island has the largest tracts of untouched rain forest, unspoiled reefs and intact wetlands in the Caribbean islands.
https://www.smithsonianmag.com/travel/the-nature-of-cuba-81691555/#:~:text=The%20island%20has%20the%20largest,wetlands%20in%20the%20Caribbean%20islands.
CousinIT
(9,247 posts)Hmph. Such disingenuous language. But yep, greedflation and shrinkflation are rampant.
ANY DISCUSSION of inflation is misleading if it does not also include discussion of the rise in corporate profits in the past 4-5 years and further, the last 60 years, all while their tax liabilities have gone down below that of the middle class and poor.
All the media squawking "inflation!" "inflation!" but ignoring corporate profits and low or non-existent corporate taxation, are deliberately misleading the public so that they will blame Biden. Biden does not control corporate prices.
multigraincracker
(32,688 posts)that money can buy.
Think. Again.
(8,185 posts)It's simple, consumer focused corporations are raking in massive profits, our continued spending at the higher prices are the only reason they are making those profits, and those profits are the reason for the higher prices.
Without the massive higher profits, consumer prices would be lower.
GREEDflation.