serial-unaliver-deactivated2024:
‘Greedflation’ study finds many companies were lying to you about inflation
“Profits for companies in some of the world’s largest economies rose by 30% between 2019 and 2022, significantly outpacing inflation, according to the group’s research of 1,350 firms across the U.S., the U.K., Europe, Brazil, and South Africa.”
I was gonna make a sarcastic comment, but then I remembered studies are there to provide concrete evidence of common knowledge. And thank you for the word “greedflation”
You’ll find a lot of what we’re told are market forces out of companies’ control is complete lies. In reality their decisions are a voluntary result of cost-benefit analysis and not the invisible hand of the market. Like how companies say they “have to” lower wages or raise product prices.