Half of recent US inflation due to high corporate profits, report finds ( www.theguardian.com )

Gaywallet , 5 months ago

Entirely unsurprising. I also think with how anti-regulation we are in the US, that nothing is likely to change anytime soon. At the very least, you’d think it would be pretty widely accepted that investigating and spending resources to stop price collusion would be an easy win. Realistically, they aren’t investigating now and I see little to no reason they’d start investigating anytime soon.

Powderhorn Mod , 5 months ago

There are definitely days I wish I still believed the government gave a flying fuck about the proletariat. But this is just downstream effects of “OK, OK, AT&T, and then we’re done with antitrust” Reagan policies. The consumer base seems to have widely been brainwashed into thinking the invisible hand leads to monopolies because best practices win, and thus fewer options mean the best ones have proven themselves.

People have been romanticizing the Roaring Twenties since I can remember, seemingly because it was a time of decadence ahead of the Depression, and therefore simpler times when everyone was happy. We’ve waltzed right back in to the same oligopoly structure that led to the '30s, and people expect it to turn out differently without any sort of structural reform.