Groundwork’s Rakeen Mabud: “Policymakers must take on the extractive corporate actors that are getting rich off of people’s pain”

November 23, 2021

Yesterday, President Biden announced he will reappoint Federal Reserve Chair Jerome Powell. Rakeen Mabud, chief economist at Groundwork Collaborative, explained to Politico Nightly:

“We need federal policies that will help tackle the root causes of inflation: shortages that are the direct result of decades of disinvestment in our supply chains and the corporate extraction that has weakened our economy’s responsiveness to crises.

“Policymakers must take on the extractive corporate actors that are getting rich off of people’s pain. This means cracking down on pandemic profiteers and price gouging, and taxing corporations and the wealthy.”

Email press@groundworkcollaborative.org to speak to an expert on one of the driving factors of rising prices: mega-corporations with massive market power. Below is a sampling of reporting on recent price hikes that got it right: 

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Groundwork Collaborative: The Groundwork Collaborative’s mission is to advance an economic vision for strong, broadly shared prosperity and true opportunity for all. Visit our website and follow us on Twitter @Groundwork.