The Financial Times Actually Reported on Corporate Price Gouging — I Stand Corrected

I can’t believe they wrote about this key inflationary factor but then still mixed in horrible economic myths

Image by Tumisu from Pixabay

I recently wrote a piece about the staggering lack of coverage on the corporate price gouging issue. Profit margins in many industries are at all-time highs which is directly contributing to the inflation disaster we’re experiencing, and yet, most of the media ignores that aspect, distracts the public, and points the finger at the typical scapegoats of government spending and the peasants having too much money from higher wages.

It’s a bullsh*t and oversimplified narrative. But that is how the media always discusses economics. They downplay or ignore the handouts, excesses, and criminality at the top while overemphasizing crimes of poverty and any government spending that directly helps citizens.

It is a form of class war and deliberate obfuscation, leading intelligent kind-hearted people, in any economic atmosphere, to blame the poor and believe the only options we have are to slash wages for workers — not CEO salaries, cut food programs for poor children, and get the evil government’s ‘budget in order.’