Robert ReichCorporate profits have now reached record highs, yet the price hikes won’t stop.
Why?
Well, in 75% of US industries, fewer companies control more of the business compared to twenty years ago.
Minimal competition means maximized price-gouging.
AoB_Motomasa🇨🇦🎚🎛🎚🎧@rbreich yep... capitalism actually hates competition - the goal is always to be a monopoly. Buy out or squash the competition.