Every month, we get reporting on prices, jobs, and wages. But we never get a monthly report on corporate profits. This lets powerful companies with monopoly power off the hook for jacking up prices, and puts the burden of fighting inflation on working people and the poor. President Biden has the power to fight inflation with more rigorous antitrust enforcement through the DOJ and the FTC. He can do it today. Even the threat of antitrust enforcement can make some companies think twice before rais
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Every month, we get reporting on prices, jobs, and wages. But we n…
25.9K viewsOct 8, 2022
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Corporations are using inflation as cover to raise prices and rake in record profits. But don’t just take my word for it. | Robert Reich
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Corporations are using inflation as cover to raise prices and rake in r…
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One big, largely ignored source of inflation: Corporate greed. Too many U.S. industries are dominated by a handful of corporations, which have the ability to push prices higher, even as they rake in record profits. That requires antitrust enforcement. | Robert Reich
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One big, largely ignored source of inflation: Corporate greed. Too ma…
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The corporate media won’t tell you this, but corporations are using inflation as an excuse to raise prices and make fatter profits. | Robert Reich
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The corporate media won’t tell you this, but corporations are using in…
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The next time you hear someone blame inflation on stimulus checks that Americans got four years ago or workers finally getting much-needed pay bumps, kindly remind them that corporate profits are at a 70-year-high. Hello? | Robert Reich
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The next time you hear someone blame inflation on stimulus check…
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One big, largely ignored source of inflation: Corporate greed. Mega-corporations are raising prices even as they rake in record profits...so why isn't the media talking about this? | Robert Reich
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One big, largely ignored source of inflation: Corporate greed. Mega-c…
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Today I had the opportunity to speak before Congress about a major driver of inflation that's being ignored – price gouging corporations. Here's my testimony. | Robert Reich
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Today I had the opportunity to speak before Congress about a m…
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Raising interest rates is a terrible mistake. The Fed assumes inflatio…
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According to Professor Robert Reich, current inflation is NOT bei…
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The Fed is making a mistake. This interest rate hike won't remedy ma…
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When I say price gouging is driving inflation, this is what I mean. | Rob…
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