This New Gilded Age 0
At the Pittsburgh Post-Gazette, Gene Collier forcefully argues that what lies behind many price increases is not, as Republicans would have you think, inflation, but, rather, greedflation. Here’s a bit from his article:
Such price-tampering methods included exporting eggs to reduce the domestic supply and limiting the number of chickens through various means including artificially limiting cage space, flock reduction, and “early slaughter.”
(snip)
The result of all that, you’ll doubtless recall, was ridiculously high egg prices Republicans blamed on Joe Biden, the old chicken farmer. More pointedly, it validated what some economists had taken to calling greedflation.
His whole piece is worth your while.
Afterthought:
This is the result of not enforcing anti-trust laws, of thinking that trusts can be trusted.
The first Gilded Age taught us that they could not, and we chose to forget that lesson.
