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ck4829

(35,709 posts)
Sat Mar 16, 2024, 12:11 PM Mar 2024

Why are prices still so high? Corporate greed, some say.

Hearing that big corporations are raking in hefty profits frustrates Nick Rosolino. As the owners of a small cleaning business in rural Maine, Rosolino and his wife are finding it increasingly difficult to break even after the prices for the products they use soared in recent years.

While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate greed.

“Many CEOs are stating that profits are up as a result of rising prices,” said Rosolino, 51, who lives in New Gloucester, Maine, about a half hour from Portland. “It’s definitely a driving force, greed. It’s corporate greed.”

Asked how they are feeling about the economy, Rosolino was among a number of CNN readers who blame companies’ drive for higher profits as a main factor for the dour mood. That has kept prices elevated and left them, and the nation, struggling, they say.

https://www.cnn.com/2024/03/11/economy/inflation-corporate-greed-biden/index.html

9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Why are prices still so high? Corporate greed, some say. (Original Post) ck4829 Mar 2024 OP
Clearly, America needs a dictator to set corporate prices. Marcus IM Mar 2024 #1
...and they would then set them higher. Think. Again. Mar 2024 #5
Dictatorships have their benefits for corporate. Marcus IM Mar 2024 #6
"some say".... CousinIT Mar 2024 #2
We have the very best government multigraincracker Mar 2024 #3
"SOME SAY"???? Think. Again. Mar 2024 #4
Supreme Court accommodation Rightstopper Jul 2024 #7
Why are prices still so high? Corporate greed, some say. alinasloane Aug 5 #8
Welcome to DU LetMyPeopleVote Aug 5 #9
 

Marcus IM

(3,001 posts)
6. Dictatorships have their benefits for corporate.
Sat Mar 16, 2024, 02:38 PM
Mar 2024

Deregulation. Despoliation. Privatization. Benchmarks of dictatorship.

The Nature of Cuba
Tiny frogs. Vast swamps. Pristine rivers. Whether by design or default, the island boasts the Caribbean’s best-kept wildlands. But for how long?

The island has the largest tracts of untouched rain forest, unspoiled reefs and intact wetlands in the Caribbean islands.


https://www.smithsonianmag.com/travel/the-nature-of-cuba-81691555/#:~:text=The%20island%20has%20the%20largest,wetlands%20in%20the%20Caribbean%20islands.



CousinIT

(9,913 posts)
2. "some say"....
Sat Mar 16, 2024, 12:27 PM
Mar 2024

Hmph. Such disingenuous language. But yep, greedflation and shrinkflation are rampant.

ANY DISCUSSION of inflation is misleading if it does not also include discussion of the rise in corporate profits in the past 4-5 years and further, the last 60 years, all while their tax liabilities have gone down below that of the middle class and poor.

All the media squawking "inflation!" "inflation!" but ignoring corporate profits and low or non-existent corporate taxation, are deliberately misleading the public so that they will blame Biden. Biden does not control corporate prices.

Think. Again.

(17,126 posts)
4. "SOME SAY"????
Sat Mar 16, 2024, 12:52 PM
Mar 2024

It's simple, consumer focused corporations are raking in massive profits, our continued spending at the higher prices are the only reason they are making those profits, and those profits are the reason for the higher prices.

Without the massive higher profits, consumer prices would be lower.

GREEDflation.

Rightstopper

(6 posts)
7. Supreme Court accommodation
Wed Jul 3, 2024, 03:20 PM
Jul 2024

If one looks at Robert's court decisions corporations will not be held accountable for anything, SC has become the handmaid of the elite

alinasloane

(2 posts)
8. Why are prices still so high? Corporate greed, some say.
Mon Aug 5, 2024, 02:21 AM
Aug 5

It's frustrating to see prices remain high, and it's understandable why many, like Nick Rosolino, feel corporate greed plays a big role. While initial price hikes were driven by supply chain issues and increased demand during the pandemic, it seems some companies have taken advantage of the situation to boost their profits. This has left small business owners and consumers struggling.

Rosolino, who runs a small cleaning business in rural Maine, sees firsthand how rising costs for necessary products are making it hard to break even. He believes that the drive for higher profits by big corporations is a major factor in keeping prices elevated.

Feeling squeezed by these high prices, it's easy to see why many people are disillusioned with the current state of the economy. Corporate greed is a real concern and one that impacts the everyday lives of hardworking individuals trying to make ends meet.

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