That's actually 2 halves to the same story. Companies gouged prices, but they wouldn't have been successful without the help of the QE and monetary stimulus. I do agree that the blame for inflation falls squarely at the feet of unscrupulous, capitalist driven organisations. They had every opportunity to NOT gouge on prices from 2020 through to now. But they didn't.Originally Posted by ReginaldBubbles
If you think they were to blame for inflation, wait till you see how they push us straight into stagflation. Any company that is publicly listed has the following pattern of behaviour:
- when business is booming, profits soar, reward the C-suite and shareholders. Big bonuses and dividends for all!
- when business is flat, profits are down. What's the solution? Cut the headcount and employee wages. Shareholders and C-suite that benefited from the boom time do not have to suffer one bit!
They're like an "input valve", these public traded companies. Only will take, will never give.
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