- Joined
- Oct 15, 2022
- Messages
- 255
Corporations are public companies. I would think that any proof of greedflation would be self evident in looking at historical trends for a given company.Increasing tire prices are just the tip of the iceberg.
Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows
Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludeswww.theguardian.com
‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs
Groundwork Collective crunched Commerce Department data to find shocking greedflation results. But there’s evidence of it in a lot more places.finance.yahoo.com
I've looked into a few companies and haven't seen anything outside of historical deviation/norms. That said, I could have missed something
Also, something often forgotten, are the narrow profit margins for most businesses. Wal Mart operates at 2.2%, for instance. So, big deviations should be rather easy to spot.
I also have to wonder, logically, why these companies just now started to be so greedy. Collusion is one thing and it happens. But, on the whole, pricing oneself out of the market isn't beneficial.