Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.

In April, Société Générale economist Albert Edwards released a scathing note saying he hadn’t seen anything like the current levels of corporate greed in his four decades working in finance. He said companies were using the war in Ukraine as an excuse to hike prices in search of profits.

“The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,” Edwards wrote. “This is a big issue for policymakers that simply cannot be ignored any longer.”

  • Flying Squid@lemmy.world
    31·
    10 months ago

    It’s a good thing all of economics can be explained by a simple diagram consisting of underscores and a slash or this would have been a big wasted effort.

    • spaceghoti@lemmy.oneOP
      3·
      10 months ago

      Yeah. It’s a shame the authors of the study wasted their time with empirical data instead of just asking a random person on the internet for their “logic.”