Lexen Smith cool keef More Perfect Union Accountable.US Greed begets inflation. The basic internal contradiction of capitalism is how companies are required to overstock. If consumers buy all their products profits immediately disappear. Periodic crises result and corrode the economic foundations.
Gridlock & revolution ensue.
Robin Z cool keef More Perfect Union Accountable.US From the video, 'corporate profits drove over half inflation'
Corporate profits have nothing to do with inflation.
Contrary to your point, too many people think corporations determine inflation.
Lexen Smith cool keef More Perfect Union Accountable.US If corporate profit is driving 53% of inflation, as opposed to a more usual 11%, if corporations lowered their prices and took less profit, would that not lower inflation by 42%?
Margaret Forsyth cool keef More Perfect Union Accountable.US As I said, inflation is the devaluation of a currency by there being more of it.
Corporations don't control the money supply, so they don't control the value of money, so they don't cause inflation.
They can over charge, but that's a different thing.
It all results in…
Lexen Smith cool keef More Perfect Union Accountable.US That might not fix inflation but it would go a long damn way.
cool keef Dan Lennington UW–Madison Chancellor Jennifer Mnookin He approached me and a group of my friends
