Greedflation: are large firms using crises as cover to push up their profits?
by Phillip Inman from Economics | The Guardian on (#6A503)
Critics of corporate behaviour over the pandemic and Ukraine war say company profit and loss accounts tell their own story
Large companies have exploited the pandemic and the Ukraine war to drive their profits higher, protecting dividend payments to shareholders.
That is the accusation levelled at big businesses by unions and a growing number of academics and City economists, who believe the corporate data from 2019 onwards reveals systematic and excessive price increases that can fairly considered price-gouging or, more emotively, greedflation.
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