In the social media circle-jerk, yeah. In economist circles that include the advisors consulting on policy, no. Corporations are/have always tried to maximise cost and profits. They didn't suddenly decide to get greedy 18 months ago. "Blaming inflation on corporate profits is like blaming gravity for a plane crash, technically right but totally misguided." Remember, gravity is always trying to crash a plane.
Frankly I will always side with expert opinion over karma farming social media commentary. I know it feels good to blame the shadowy cabal of fat men with a top hats and eye pieces, but it's just not what is going on.
They exploited the supply chain disruptions to justified price increases that weren't warranted. The data is pretty clear on this point so I don't know what "experts" you're listening to.
Nothing you stated or linked contradicts what I said. Corporations have always been greedy and will always capitalise on anything that can be used to increase profits. Blaming corporations is a miss because they are acting exactly the way they have always acted, they way they are expected to act, and the way they will act.
Hence the example "It's like blaming gravity for a plane crash". Gravity's behavior is a constant, its something else on the plane that failed.
> Nothing you stated or linked contradicts what I said. Corporations have always been greedy and will always capitalise on anything that can be used to increase profits.
My original point was that corporate greed was behind much of the recent inflation and that Biden should tackle recent corporate greed directly if he actually wanted to reduce inflation.
You disagreed because corporations didn't suddenly become greedy and so couldn't be behind recent inflation, and I provided evidence that yes, they are in fact the main cause.
I don't really care whether corporations "suddenly" became greedy or were always greedy, that's entirely beside the point.
In the social media circle-jerk, yeah. In economist circles that include the advisors consulting on policy, no. Corporations are/have always tried to maximise cost and profits. They didn't suddenly decide to get greedy 18 months ago. "Blaming inflation on corporate profits is like blaming gravity for a plane crash, technically right but totally misguided." Remember, gravity is always trying to crash a plane.
Frankly I will always side with expert opinion over karma farming social media commentary. I know it feels good to blame the shadowy cabal of fat men with a top hats and eye pieces, but it's just not what is going on.