>*Analysis of the financial accounts of many of the UK’s biggest businesses found that profits far outpaced increases in costs, helping to push up inflation last year to levels not seen since the early 1980s.*
>
>*The report from the IPPR and Common Wealth thinktanks found that business profits rose by 30% among UK-listed firms, driven by just 11% of firms that made super-profits based on their ability to push through stellar price increases – often dubbed greedflation.*
Because the systems we have are designed to help the wealthy get wealthier. The rest of us are just fodder for the machine to keep churning towards that goal.
But the profit margins!
But the war in Ukraine!
But Brexit!
Just trying to get the usual excuses people peddle out to defend the rampant corporate greed we’ve witnessed and suffered the past few years out the way.
2 comments
>*Analysis of the financial accounts of many of the UK’s biggest businesses found that profits far outpaced increases in costs, helping to push up inflation last year to levels not seen since the early 1980s.*
>
>*The report from the IPPR and Common Wealth thinktanks found that business profits rose by 30% among UK-listed firms, driven by just 11% of firms that made super-profits based on their ability to push through stellar price increases – often dubbed greedflation.*
Because the systems we have are designed to help the wealthy get wealthier. The rest of us are just fodder for the machine to keep churning towards that goal.
But the profit margins!
But the war in Ukraine!
But Brexit!
Just trying to get the usual excuses people peddle out to defend the rampant corporate greed we’ve witnessed and suffered the past few years out the way.