Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.

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.”

  • Uranium3006@kbin.social
    2·
    1 year ago

    but that’s all already happening anyways. it’s not a risk to changing things if it is a given in the status quo

    • Daft_ish@lemmy.world
      2·
      1 year ago

      Happening, hasn’t happened. Op is suggesting we just succumb. If I have to explain why that is a stupid notion I’m not even going to start with you.