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Covid turned out to be a giant goldmine for Corporate America (sherwood.news)

submitted 2 months ago* (last edited 2 months ago) by MicroWave to c/economics

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The flare-up of inflation that followed the pandemic, combined with flush consumers ready to spend, ushered in an new era of profitability even more massive than previously estimated.

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[–] [email protected] 19 points 2 months ago (1 children)

If companies collude and price fix, that will always be a "giant gold mine". But it's an unethical gold mine, and a good example of why more regulation is needed in a lot of places.

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[–] Wrench 9 points 2 months ago

And why we need to prevent "mergers" to force companies to continue to compete before they reach mega Corp size and power

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