Comment on Is it possible that the rich are so rich that they have created inflation?
slazer2au@lemmy.world 2 weeks agoInflation happens when demand for something goes up, and/or cost of production goes up
You forgot the other way inflation happens. Corporate Greed.
Increasing prices of products to generate more money even though nothing else has changed.
GreenShimada@lemmy.world 2 weeks ago
Right, so I’m talking about real inflation. What you’re talking about would be fraud. The way companies commit this fraud is by leaning on the "well, prices of manufacturing went up! Won’t you think of the shareholders?!?! 😭 😭 😭 😭 😭 😭 😭 😭 😭 " But the input price data is generally seen as proprietary data, so it’s not public shareholder data.
Still fuckin’ fraud, though. It also takes coordination and collusion, which is price-fixing, and is illegal.