‘Greedflation’ study finds many companies were lying to you about inflation - eviltoast
Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.

In April, Société Générale economist Albert Edwards released a scathing note saying he hadn’t seen anything like the current levels of corporate greed in his four decades working in finance. He said companies were using the war in Ukraine as an excuse to hike prices in search of profits.

“The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,” Edwards wrote. “This is a big issue for policymakers that simply cannot be ignored any longer.”

  • Daft_ish@lemmy.world
    91·
    11 months ago

    This is all a bit optimistic. The collapse of society will have a measurable human toll and may seal the deal on the chance of a better future. Very optimistic to think the resulting power struggle will result in anyone other than a dictator taking power.

    • Uranium3006@kbin.social
      2·
      11 months ago

      but that’s all already happening anyways. it’s not a risk to changing things if it is a given in the status quo

      • Daft_ish@lemmy.world
        2·
        11 months ago

        Happening, hasn’t happened. Op is suggesting we just succumb. If I have to explain why that is a stupid notion I’m not even going to start with you.