Wednesday, June 08, 2022

Monopolies raising prices

 

 https://twitter.com/RBReich/status/1534585671007907840

 

Robert Reich
@RBReich


If you really want to understand skyrocketing prices, take a look at monopoly power.

The economy is at least 50% more concentrated now than it was in 2005.

In a market with only a few massive corporations who can coordinate price hikes, everyone gets shafted.

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