Crepitus
Diamond Member
- Mar 28, 2018
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Half of recent US inflation due to high corporate profits, report finds
A new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop.
Prices for consumers rose by 3.4% over the past year, but input costs for producers increased by just 1%, according to the authors’ calculations, which were based on data from the Bureau of Economic Analysis and National Income and Products Accounts.
The corporations have been quick to pass on any increases in cost, but not inclined to pass on the savings when costs went back down.
So not really inflation anymore, but greedflation.
This, my republican friends, is why capitalism requires regulation and oversight.