Saturday, November 18, 2023

Greedflation

Between July 2020 and July 2022 inflation increased by 14% while corporate profits rose by 75%. If you want proof that "greedflation" wasn't just a quack theory then look no further than that statistic. Of course the pandemic did indeed have an impact on costs but not to the extent stated and it became the perfect cover for unscrupulous companies to increase prices and further pad their coffers.

As the lower classes struggle to pay for housing and food it's unforgivable to see this kind of short sighted greed when you are simply defecating in your own backyard. As the bottom rung of the population only increases in size, you are then simply asking for an implosion.

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