Corporate greed, not workers, is the cause of inflation. We know this because CEOs tell us:
Call me a conspiratorialist if you must. But when CEOs get on earnings calls and brag about how covid, war, and scare-stories about inflation let them hike their prices and rake in never-before-seen profit margins, I think it’s reasonable to blame inflation on greed, not on workers getting a couple of relief checks during the lockdown.
Amazingly, this is a controversial position!
Cory Doctorow: “Look at all the great stuff we lost because of inflation scare-talk: We swapped pandemic aid, new spending and minimum wage hikes for wage suppression and mass layoffs.”