You can argue a case that the current inflation is not specifically or even mostly due to corporate greed. Inflation has many factors to it, and covid supply chain interruption was a major factor as was the Fed’s necessary reaction to it. But you lose me at ‘there is no such thing as “greedflation.”’ That is obviously bullshit.

Corporations can and did use the temporary inflation from supply chain interruptions causing empty shelves as an excuse to raise prices, arguably justifiably to a degree to keep your business afloat. But when the entire market has uniformly raised prices, when production and supply chains return to normal, they have no incentive and no competitive pressure to return prices to pre-interruption levels. The higher prices have been normalized, the consumer has already adapted to that expectation, and businesses have no reason to provide substantive releif to their consumers when they are making bigger margins and profits than ever.

Corporations, and in fact all capitalistic structures, are powered fundamentally by greed, by desire tommaximalize profit. If they were not profit-driven they would be non-profits/charities. In fact they are, to some extent, legally required to be greedy, to prioritize maximal return for their shareholders. The idea that profit-driven corporations that must, at all times, continually grow, lest they die completlely, that must get the maximum price with the minimal overhead (including labor) does not materially contribute to inflation… that is a fucking fantasy.