Truthout takes a look at what has been the main cause of inflation over the last few years in 84 Percent of Voters Say Corporate Greed Is Causing Inflation….
Meanwhile, corporations and executives have made out handsomely. Corporate profits surged to a high of $1 trillion in 2021 and 2022, nearly doubling the average yearly profits between 2017 and 2020, an Oxfam analysis found last year. Then, in 2023, profits surged to over $3 trillion year over year, according to a recent U.S. Bureau of Economic Analysis report. At the same time, corporations injected trillions into record-high stock buyback programs.
Eighty-four percent of Americans, or about five in six Americans, say that rising prices are caused by corporations wanting higher profits, according to surveys conducted by Navigator Research released Wednesday. This includes 91 percent of Democrats; a significant majority of Republicans, at 79 percent; and a huge proportion of Americans in service industry jobs, at 90 percent.
There has been a significant rise in Americans who say corporate greed is a “major cause” of inflation,
(graphic via Adobe Stock subscription)
