What does it really mean here? You really think anyone will actually take action based on this data? You think it will convince anyone that didn’t already know it was the case? You think companies are magically going to stop overcharging us?
No, companies will keep lying, politicians will keep lying, and consumers will keep getting screwed.
And the “science” don’t need to take long. When companies claim they are raising prices due to increased costs while simultaneously recording record profits, it is obvious what’s going on. Yeah, economists will make excuses, but that is only because they work for the wealthy.
What does it really mean here? You really think anyone will actually take action based on this data? You think it will convince anyone that didn’t already know it was the case? You think companies are magically going to stop overcharging us?
No, companies will keep lying, politicians will keep lying, and consumers will keep getting screwed.
And the “science” don’t need to take long. When companies claim they are raising prices due to increased costs while simultaneously recording record profits, it is obvious what’s going on. Yeah, economists will make excuses, but that is only because they work for the wealthy.
What action would you want taken?
Anti-trust suits, windfall profits taxes, and perhaps some good ol’ French Revolution justice.