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this post was submitted on 15 Dec 2023
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What does it really mean here? You really think anyone will actually take action based on this data? You think it will convince anyone that didn’t already know it was the case? You think companies are magically going to stop overcharging us?
No, companies will keep lying, politicians will keep lying, and consumers will keep getting screwed.
And the “science” don’t need to take long. When companies claim they are raising prices due to increased costs while simultaneously recording record profits, it is obvious what’s going on. Yeah, economists will make excuses, but that is only because they work for the wealthy.
What action would you want taken?
Anti-trust suits, windfall profits taxes, and perhaps some good ol’ French Revolution justice.
Your absurd call to violence aside, windfall taxes have to be passed through Congress, and every single member of the House majority has signed a literal contract vowing to fight any tax increase.
Sorry I think these thieves should be punished. Guess you don’t care. But yes, put me in a room with most mega corporation CEOs, and it would take incredible self control to not personally beat them to death due all the suffering they willingly choose to cause.
And, yeah, exactly my point, this study accomplishes nothing. Republicans and plenty of Democrats will happily run interference for greedy corporations.
It gives institutions the CYA to act with less fear.