Applies to Amazon too nowadays.
guess its just a coincidence that they chose now to do it. and not 2017
^^ that chart.
also, giving people money directly with stuff like unemployment and stimulus checks is extremely stimulative compared to say building a bridge.
massive supply shocks didnt help either. but they govt knew there was supply shocks and increased demand anyway. despite warnings by democratic economists. (we just found out yellen herself had misgivings about the 1.9T price tag)
The people you’re referring to would not be saying companies are taking advantage of the zeitgeist and raking in bigger profits knowing inflation talks will take all the blame or straw manning like your 2022 line. Gas prices rising so much providing incredible profits is an obvious example of this.
No one in the White House or Senate are socialists. Bernie is like the Nordic model: capitalism + large safety nets + govt programs. The senate has been in republican control or with the useless Dem leaning current situation with too many conservative Dems. Trump’s regime did some of the biggest “socialist policies” spending. It is wild to assert the right pass socialist policies.
2. The minute we started talking about inflation, every company in my life took advantage of it--overnight.
3. I'm with you on the government spending. I understood the money thrown at Covid, but that's done, and the working poor will never see those checks ever again. And I'm no fan of the Infrastructure Bill.
4. If you don't wonder why gasoline prices fluctuate by a dollar hourly at some stations, while making record profits; I don't know what to say.
5. Every large company made record profits during Covid, and we don't know why? They didn't lower prices.
Again the $300 extra per week for unemployed people affected by Covid was a one time thing. Companies might get free money as usual, but not the little guys.
It was conservatives (Trumpy) that passed first 2 trillion stimulious package.
America has just a few badly run "socialist" programs.
I think we all have seen our homeless population get bigger each month.
Oh yea, federal government programs. Basically (Cal-fresh, and medi-cal)have gone back to make qualifying very hard.
socialists in 2022: "evil oligopolies are raising prices unfairly causing inflation"
havent found one that could explain why they didnt "collude" to raise prices in 2008-2019.
whereas its quite clear what caused the high prices was rather insane govt spending caused by socialist policies.