It isn’t “greedflation,” it’s literally the same capitalism we’ve lived with for centuries.
You’re both absolutely right and very wrong: it by definition IS greedflation, inflated prices due to greed.
While it is indeed caused by the same capitalist system we’ve lived with for centuries, it’s getting much worse than it has been now that the billionaires and their corporations have realized that there’s no consequences even when their profiteering is so blatant that even the likes of Forbes and WSJ are having to acknowledge what they’ve been able to distract from before.
When you say “neolib” are you referring the Neoliberal economic philosophy, or some slang term for modern political liberals?
I ask because Neoliberal Economics is all about this profit, and share holders first, type values. This is in contrast to the post Great Depression, Classical Economics philosophy where companies valued employees first, and shareholders last.
Most Democrat Politicians today certainly are on board. But they were late to buy in. The Republicans actually introduced Neoliberal Economics into politics, chiefly with Ronald Regan.
Today it’s mostly the liberal side of the Democratic Party that introduces legislation to curb all the excesses of Neoliberal Economics.
Removed by mod
You’re both absolutely right and very wrong: it by definition IS greedflation, inflated prices due to greed.
While it is indeed caused by the same capitalist system we’ve lived with for centuries, it’s getting much worse than it has been now that the billionaires and their corporations have realized that there’s no consequences even when their profiteering is so blatant that even the likes of Forbes and WSJ are having to acknowledge what they’ve been able to distract from before.
Removed by mod
Ive no idea why this is downvoted. This is not a bad take.
I would personally frame it as, greed is a feature of capitalism, not a bug, but ur not wrong either.
There is no penalties for collision. Regulation should prevent but since politicians are owned and there’s zero effort at enforcment here we are.
deleted by creator
When you say “neolib” are you referring the Neoliberal economic philosophy, or some slang term for modern political liberals?
I ask because Neoliberal Economics is all about this profit, and share holders first, type values. This is in contrast to the post Great Depression, Classical Economics philosophy where companies valued employees first, and shareholders last.
Sounds exactly like modern political liberals to me.
Really?
Most Democrat Politicians today certainly are on board. But they were late to buy in. The Republicans actually introduced Neoliberal Economics into politics, chiefly with Ronald Regan.
Today it’s mostly the liberal side of the Democratic Party that introduces legislation to curb all the excesses of Neoliberal Economics.