How Corporations are Using Inflation to Take Your Money
Inflation is a cover corporations are using to squeeze more money out of you. But as I’ll explain, there are five things we can do to fight back.
Corporations are using inflation as an excuse to raise their prices, hurting workers and consumers while they enjoy record profits.
Prices are surging – but let’s be clear: corporations are not raising prices simply because of the increasing costs of supplies and labor. They could easily absorb these higher costs, but instead they are passing them on to consumers and even raising prices higher than those cost increases.
Corporations are getting away with this because they face little or no competition.