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In reply to the discussion: Higher grocery prices ARE a result of greedflation, investigation shows: [View all]GB_RN
(2,443 posts)57. So, Reich & Warren Were Right After All...
I posted about this sometime back in a thread about the Bank of England raising rates to tame inflation. I was questioning why, when the problem was this exact thing; corporate greed.
Someone, and I dont remember who, told me I didnt know what the fuck I was talking about, and that the talking points I got from Robert Reich and Elizabeth Warren were bullshit, and Powell & the Fed were right. I mean, this guy just blistered me with his post. Well, if hes still around, I hope he reads the OP here.
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Higher grocery prices ARE a result of greedflation, investigation shows: [View all]
CousinIT
Apr 19
OP
Yep. That's why Yellen's efforts using traditional anti-inflation tactics failed
Model35mech
Apr 19
#2
Wonder how many major news outlets will risk angering their advertisers to spread this news.
progressoid
Apr 19
#6
I RARELY hear news or media even mention corporate profits when talking about inflation.
CousinIT
Apr 19
#9
We didn't really think food & gas were going to let people keep all that 2020 money in THEIR pockets did we?
underpants
Apr 19
#10
I've boycotted Kellogg's cereals for years now, but I've boycotted all the rest of the other sugary crap as well
elocs
Apr 19
#50
My local guy that sells excess eggs just raised his prices 50%. It ain't just big companies.
Silent Type
Apr 19
#29
What effect does shopping for groceries w/ "cash back" cards have against personal hits due to corporate greedflation
Backseat Driver
Apr 19
#41