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Zeitghost

(4,557 posts)

5. Maximizing profits is their job

Reply to dsc (Reply #3)

Mon Feb 21, 2022, 01:33 PM

Feb 2022

They will charge what the market will bare, every. single. time. That has never changed and never will, it's a constant and not the root cause of our current inflation.

If a firm is charging "unreasonable" prices, they will be undercut by a competitor and/or consumers will move to alternatives/substitutes.

My point in all of this is not that corporations are not greedy, they are. But that greed is not the cause of inflation.

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Highlight:

The Dirty Secret of Inflation: Corporations Are Jacking Up Prices and Profits [View all] Nevilledog Feb 2022 OP

Companies Salivated Over The Stimulus Money The American People Received In The Midst Of The... global1 Feb 2022 #1

When you give working people more money Zeitghost Feb 2022 #2

while I don't buy the they created supply issues theory dsc Feb 2022 #3

Maximizing profits is their job Zeitghost Feb 2022 #5

Companies Raised The Prices To Help The People Spend It Faster..... global1 Feb 2022 #4

I disagree with you assessment of stimulus dollars. Zeitghost Feb 2022 #7

Spot on article from the Nation. crickets Feb 2022 #6

This supports my recent comparrison Zeitghost Feb 2022 #8