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Is it really inflation if a large part of it is corporations choose to increase prices and profits?

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No
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Corporations are at monopoly levels. Choice and competition is minimal. They read the current climate and raise prices to increase profit margins, not to absorb increased prices. If they can get it, they'll charge it.
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badminton · 61-69, MVIP
We need much stronger anti-monopoly trust-busting laws. We need to break up too-big corporations. Real capitalists do not like competition. It cuts into profits. This is why we need government action to reign in corporate greed.