In April, Société Générale economist Albert Edwards released a scathing note saying he hadn’t seen anything like the current levels of corporate greed in his four decades working in finance. He said companies were using the war in Ukraine as an excuse to hike prices in search of profits.

“The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,” Edwards wrote. “This is a big issue for policymakers that simply cannot be ignored any longer.”

    • cheese_greater@lemmy.world
      link
      fedilink
      arrow-up
      24
      ·
      1 year ago

      And its basically only ever dealt with on the dime of the victim and only civilly where it vastly exceeds the dollar value threshold required for big boy criminal charges on the part of the non-person person (person/non-corporation)

    • intensely_human@lemm.ee
      link
      fedilink
      arrow-up
      1
      arrow-down
      9
      ·
      1 year ago

      I think GDP theft is the biggest form of theft. Or possibly number of atoms in the universe theft. That’s probably the biggest form of theft.