Cost Of Living Crisis
Aidan Regan: Corporate profiteering is a clear case of greedflation
To avoid profit-driven inflation, policymakers should turn their attention to targeted price controls
It is becoming increasingly clear that corporate profiteering is amplifying price inflation. Until recently, this suggestion was considered an economic conspiracy of ‘left wing’ academics. But the idea is now becoming mainstream. That’s because the data doesn’t lie. The profits of big corporations have exploded at a time of higher costs and sharp price increases. This is not a coincidence. It is a clear case of “greedflation”.
As outlined in a paper by Isabella Weber, ...