‘Greedflation’ study finds many companies were lying to you about inflation - eviltoast
  • hark@lemmy.world
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    11 months ago

    What’s really manipulative is describing any of this as “natural”. People also expected complete stock market collapse during the pandemic but when it comes to rich people’s money, various parts of the government spring into action, and that was completely averted. Turns out what “the market will bear” is pretty damn high when industries are dominated by 2-3 large companies at most, the government fully supports them, many of the goods (e.g. food) are essential, and consumer spending is helped along with credit.

    There are many things that can be done to resolve this, like the government breaking up these conglomerates. It’s down to greed, pure and simple. In fact, you basically admit this when you say it’s the price rising to the limit that the market will bear, but you sprinkle in “natural” and “the market” to abstract away the fact that these massive corporations are putting the squeeze on people.