Is Capitalism broken? [View all]

[SleeplessinSoCal]

I can't get beyond thinking that inflation is driven by politics becase it could easily go away if those price gouging companies ceased gouging. It benefits them at a time like this to keep the public outraged at Democrats. But very unhealthy for our economic system. Before the Limbaughs of the world were paid outrageous salaries to promote shredding the safety net, we had a healthy middle class. And we weren't told to fear an educated public.

I also think because the number of monthly bills has more than doubled over the past 30 years, that most of us will never be able to have enough money to pay for all the extras we've come to rely on.

If gougers were controlled, they would cry "Socialism!" But they give Capitalism a very bad name and seem intent on destroyimg the whole thing. WE ARE THE ECONOMY.

Then there's this from The New Republic, that I missed:

"Don’t be hoodwinked. It isn’t Joe Biden who’s making record profits and gouging U.S. consumers. That would be corporate America.

The prices of everyday goods are going up, and everyone from members of Congress to talking heads on cable news have their own diagnoses as to why it’s happening. But they’re all missing the biggest piece of the puzzle about what is to blame—namely, corporate profiteering.

https://newrepublic.com/article/164505/inflation-corporate-profiteering-biden-consumers