Loading ...Corporations are using inflation as an excuse to raise prices and make fatter profits — and it’s making the problem worse
- Large companies tend to use periods of rising inflation to boost their profit margins.
- Having fewer competitors in an industry makes it even easier for companies to raise prices.
- The current inflation rate is a “symptom” of corporate consolidation, Robert Reich says.
Robert Reich is little con artist. As an economist he makes a great garden gnome. Pair him with Fauci and in two weeks they would be lost to the weeds.
Exactly, strider. The guy is an escapee from the financial looney bin. What a tool of the commie progressive left. Disgusting human being – and I am being generous.
You might as well post something direct from the mouth of Satan.
What this little turd fails to note is that the mass availability of key resources like kerosene and oil and gasoline resulted as a result of monopolies. The masterminds behind creating massive companies controlling a resource was to lower the price to a level where the common man could afford them. Like Henry Ford who lowered the price of the automobile to make it affordable to the average working man. Vertically integrated the company and for a short while “owned” the auto industry.
But as always happens, competition got in gear and the monopolies found themselves with new companies overtaking their competitive advantage.
The only monopolies today that cause serious harm are big pharma, big tech, and big government on multiple fronts. And big tech doesn’t know it yet, but its days are numbered. Cost of entry is low and plenty of folks are moving to upset their stinking rotten apple carts (pun not intended.)