General Discussion
In reply to the discussion: Apparently, Nothing Matters [View all]magicarpet
(18,664 posts)Monopolization of goods and services placed to much control in the hands of too few.
With this monopolistic power it was rediculously easy to price gouge. 7,000 Realizing how Covid was a gift sent,... then price gouged some more. Then realizing how bad increasing retail prices were for Team Biden, they price gouged some more knowing it would help return Trump to the White House.
The oil industry, the pharmaceutical industry, the retail grocery industry, the meat packing industry, the toiletries supply industry, etc., etc. - all raised prices again and again to increase their profit margins.
There was talk about action being taken to curb price fixing and price gouging from the Biden team but little to no action was ever taken.
So the media and the Fascist ReThugs tagged Biden as being bad for the US economy - and rampant inflation of prices to be entirely Biden's fault.
Trumps first term at the White House brought historic deficits of $10 trillion dollars. A big chunk of the $10 trillion dollar deficit was the massive tax refund given to the nation's ultra rich billion and millionaire class. Massive deficits drive national inflation higher and higher. But the media made little to no connection to that fact that Trump's massive historic deficits were a main driver causing consumer price inflation to skyrocket.