▲ 689 ▼ Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows (www.theguardian.com) submitted 2 years ago by kpw@kbin.social to c/news@lemmy.world 69 comments fedilink hide all child comments Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes
[–] pro@kbin.social 9 points 2 years ago (1 child) No shit permalink fedilink source hideshow 2 child comments replies: [–] jasory@programming.dev 5 points 2 years ago (2 children) Correct, this is literally how market economics works. The real question is why they weren't able to do it before, since they had the incentive already (and always do). permalink fedilink source parent hideshow 4 child comments replies: [–] Alexstarfire@lemmy.world 1 point 2 years ago Didn't have a good excuse. permalink fedilink source parent [–] SCB@lemmy.world -2 points 2 years ago People had a lot more cash on hand after the pandemic, and then wages rose. permalink fedilink source parent
[–] jasory@programming.dev 5 points 2 years ago (2 children) Correct, this is literally how market economics works. The real question is why they weren't able to do it before, since they had the incentive already (and always do). permalink fedilink source parent hideshow 4 child comments replies: [–] Alexstarfire@lemmy.world 1 point 2 years ago Didn't have a good excuse. permalink fedilink source parent [–] SCB@lemmy.world -2 points 2 years ago People had a lot more cash on hand after the pandemic, and then wages rose. permalink fedilink source parent
[–] Alexstarfire@lemmy.world 1 point 2 years ago Didn't have a good excuse. permalink fedilink source parent
[–] SCB@lemmy.world -2 points 2 years ago People had a lot more cash on hand after the pandemic, and then wages rose. permalink fedilink source parent