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A comment on Analysis finds Australia’s inflation being driven by company profits, not wages. Parent comment

Re:Analysis finds Australia’s inflation being driven by comp... by Khaine on Saturday February 25, 2023 @01:13AM (#34934336)
That's what markets do, they co-ordinate supply and demand. If you can't raise prices to ease demand, what do you do?

That extra money they are making, is then used to invest in more planes, and crew to staff more flights to serve more customers/

You can't have capitalism, without both sides of that coin. That's how markets work.

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Re:Analysis finds Australia’s inflation being driven by comp... by naasking on Saturday February 25, 2023 @07:59AM (#34936325)
> That extra money they are making, is then used to invest in more planes

No, they're spent on stock buybacks to enrich shareholders, instead of invested back into their workforce or expanding capacity:

https://www.youtube.com/watch?v=udITRL9-t08

I don't know why people keep believing in this myth, this reinvestment only happens when there's sufficient competition and no coordination, which is not the world we live in.

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