In April, Société Générale economist Albert Edwards released a scathing note saying he hadn’t seen anything like the current levels of corporate greed in his four decades working in finance. He said companies were using the war in Ukraine as an excuse to hike prices in search of profits.
“The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,” Edwards wrote. “This is a big issue for policymakers that simply cannot be ignored any longer.”
Well, no shit. You don’t need a study to know a case of water going from $2 to $5 is greed, not inflation. People who made $70k a couple of years ago were considered “living a comfortable life” in a lot of parts of the country. Not anymore. It’s just ridiculous how we have to fight tooth and nail with these assholes who want to drain every last fucking penny we have for their fucking quarterly fucking profits.