This economist blames corporate greed—not supply chain problems—for astronomical food prices
So everything we hear about supply chain issues being the cause of price hikes is bogus?supply chain delays and consumer desperation—has been the key factor in the rise of inflation since the pandemic. It’s also happening in other sectors of the economy where companies provide essential services. Supermarkets aren’t the biggest culprit: we’ve seen even bigger price gouging in energy, oil and gas, banking, real estate, building products, and the auto industry.
recovery from the pandemic. If we can’t stop them from overcharging in the first place, we could at least redistribute some of the profit.
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