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Where’s All the Media Coverage about Price Gouging?
Fueling inflation, insurance companies charge 24% more just because, and Big Oil just posted $40 billion in quarterly profits
Stories and articles on the cost of living crisis are everywhere — as they should be. These are unfortunately really tough economic times for too many. I’ve said it before, and I’ll say it again, ‘cost of living crisis’ is a very dystopian string of words. In 2022 late-stage capitalism, even in modern nations, ever-increasing numbers of people are sliding into poverty as it ‘costs too much to live.’
In a truly open society with a free press operating in the — I hate this term — marketplace of ideas, there would be regular discussion and debate about the shortcomings of unfettered capitalism, private wealth accumulation, and how to design better economies that could sustainably meet human needs rather than shareholder value maximization. But that’s fantasy land.
At a minimum, our press would be directing proportionate amounts of questioning and anger at one of the main culprits of inflation: corporate price gouging.
They’d be discussing the actions taken in history, like Nixon’s price freezes, and all the options to curb insane corporate greed would be talked about and…
