| Yes, that is exactly what they're doing. One example: https://www.wsj.com/articles/inflation-yellen-biden-price-in... It's exactly as obvious as you think. E.g. Supply and labor input costs go up 5%, and they raise prices 10%. Wherever convenient they will say "We're sorry to raise prices etc." and then during earnings calls the CEO will say "We're expecting upward price adjustments to increase our net margins in Q4". You know, a euphemism for "we're raising prices and that means more profit" Corporations, especially the the huge conglomerates with adequate pricing power etc. drive inflation, not suffer from it. The elephant in the room today is that the classic economic model that suggests "oh but another company will come with lower prices and re-balance things" is simply unrealistic. Good luck elbowing in on P&G or Unilever for shelf space in supermarkets, commercial contracts, etc.. The other trick everyone is probably about to see is that when the supply chain crisis recedes and inflation comes down, that the consumer prices curiously remain high. Maybe market forces may claw them back over years, but in the meantime it will just be another incremental wealth transfer from mass-market consumers -> concentrated corporate profits. The corporations will also kick and scream to avoid raising wages for their employees spending more on their own products, while simultaneously giving huge payouts to executives and investors through share buybacks with their newly minted profits. It's not even interesting to theorize about anymore. It's boring and obvious. Maybe this is what dystopia is? |