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

[ck4829]

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

[Marcus IM]

1. Clearly, America needs a dictator to set corporate prices.

[Think. Again.]

5. ...and they would then set them higher.

[Marcus IM]

6. Dictatorships have their benefits for corporate.

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]

2. "some say"....

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.

[multigraincracker]

3. We have the very best government

that money can buy.

[Think. Again.]

4. "SOME SAY"????

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]

7. Supreme Court accommodation

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]

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

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.

[LetMyPeopleVote]

9. Welcome to DU