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Yeah, this inflationary period shows that it has to do with profit-seeking and not monetary supply. We made the money printers go BRRRRR for a very long time with almost no inflation, then suddenly COVID and supply chain hiccups gave corporations an excuse to transfer more of society's wealth to themselves by raising prices and not lowering them again afterwards.
Can't expect change when all we elect are wealthy people who care more about their stock portfolios than their constituents.
Yup. It’s pure insanity that most of Congress is made up of lawyers & businesspeople.
Who should it be made of? Fry cooks and fork lift drivers?
Why not?
It should be made up of everyone. I don't see any reason fry cooks and fork lift drivers shouldn't be there, they definitely deserve representation.
If you're convinced those people are all too stupid or lazy for the job, then maybe you could at least get on board with engineers, doctors, scientific researchers, artists, farmers, teachers, etc. Anyone who works hard at whatever their chosen profession is should have a shot. But our current system selects for low ethical standards, improv skills, and self-preservation instincts rather than real achievement.
Yeah, and the owner class is terrified that workers will figure this out en masse.
Inflation quadrupled from 2020 to 2021 and then almost doubled again from 2021 to 2022.
It's not (just) because they're greedy that they don't lower them back down, it's because they'd go out of business. One 2024 dollar was 83 cents in 2019, that's way more than the net profit margin for most retail.
Greed is a constant, they're not any more greedy now than they were before covid.