Economy
Democrats Say Corporate Greed is Driving Inflation. Do You Agree?
Economists largely agree that profit-driven corporate greed isn’t causing inflation — despite what many Democratic lawmakers say…
Democrats Say Corporate Greed is Driving Inflation. Do You Agree?
Here’s the Scoop
Economists largely agree that profit-driven corporate greed isn’t causing inflation — despite what many Democratic lawmakers say.
“The CEOs of some of the biggest companies have been bragging to their investors that inflation has created a terrific opportunity for them to raise prices and boost profits,” Sen. Elizabeth Warren (D-MA) said earlier this year.
But Gabriel Unger, a Ph.D. student in economics at Harvard University, told The Hill: “I am pretty skeptical about the ‘greedflation’ narrative.”
What do you think? Do you agree with Democratic lawmakers who say that corporate greed is driving inflation? Let us know with your vote!
Stephen
May 9, 2023 at 9:45 pm
Democrats use the phrase corporate greed for political reasons. They believe that most people are envious of corporations and will vote for candidates who will punish corporations. Corporation must make products people want or need at a price they are willing and able to pay in order to make a profit. Profits are necessary for them to stay in business and employ those who work for them.
Victor
May 10, 2023 at 9:17 am
The Dems & their bull shit agenda are indeed the driving force behind inflation, they should address the issue instead of blaming others for their incompetency! VJI