A recent report found that corporate profiteering “accounted for about 53% of inflation” in Q2 & Q3 of 2023 in the US. All this while companies complain about high interest rates, crow about their profit margins, and ppl blame the President & the Fed.
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Discussion 1 comment
Imagine if we had a corporate culture that was not driven towards profit at any cost or a federal government that was willing to regulate profits and executive compensation.
“We’ve decided as a country that we like to have very large, powerful corporations and we are OK with them being very profitable,”
I read a quote like that and it just makes me shake my head in frustration. I vote, write my representatives, donate to candidates, give to non-profits, and just generally try to contribute to make this country a better place and yet it feels like every year things are getting worse not better.
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