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Why are folks so anti-capitalist?
(programming.dev)
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this post was submitted on 20 Jul 2023
445 points (75.8% liked)
Asklemmy
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Just to provide evidence, you can see the impact of corporate profits and the unit cost of products during COVID-19 in this study:
https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/
Corporate profits were a majority of the driver of cost of products during a literal pandemic when people were suffering and needed cheaper goods the most. The pandemic caused inelastic demand to increase and so companies took advantage of a global crisis to line their pockets.