This should be spread far and wide, and repeated daily, by every Democrat:
But there’s a deeper structural reason for inflation, one that appears to be growing worse: the economic concentration of the American economy in the hands of a relative few corporate giants with the power to raise prices.
If markets were competitive, companies would keep their prices down in order to prevent competitors from grabbing away customers.
But they’re raising prices even as they rake in record profits. How can this be? They have so much market power they can raise prices with impunity.
www.theguardian.com/…
Read the whole thing. Hopefully someone will book him soon on multiple cable shows and the Sunday Morning circuit.
And those price increases are increasing already record profits. Because they can. And then these corporations use those profits to buy back more stocks.
Why are gas prices going up? There is increased demand but producers are keeping production mostly flat — to increase prices, and profits. Because they can.
Why are natural gas prices going up? Record exports. Record exports reduce US inventory, which increases profits. Because they can.
It is almost as if there is a global corporate conspiracy to raise prices to impact the 2022 election — to protect their tax cuts.
Democratic messaging needs to get in gear — and soon. Expose the corporate greed. Don’t let them get away with enriching themselves at the expense of everyone else.