How Concentrated Corporate Power Makes Inflation Worse

November 10, 2021

The costs of these price increases are often borne by those who can least afford them and the benefits go to wealthy shareholders and executives. “[A]cross a range of sectors that produce the goods that people need to provide for their families, companies are extracting from their consumers using the excuse of inflation — all while lining their shareholders’ and CEO’s pockets,” Rakeen Mabud, Chief Economist at the Groundwork Collaborative, told Popular Information. “This has nothing to do with inflation, and everything to do with corporate greed by those who are focused on enriching themselves at the expense of workers and families.”

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