Corporations caused massive inflation by hiking their prices and raking in proportionally massive profits. And now that everyone is seeing the inflation and a matching economic downturn they’re trying to redirect blame so they don’t end up like the (admittedly very few) bankers that were tried for the 2008 housing bubble burst and the resulting run on the banks.
I’m not hopeful for accountability sadly. This one was death by a thousand paper cuts. We simply don’t have the resources or processes to hold that many accountable.
Yup this is 100% classic blame shifting tactics.
Corporations caused massive inflation by hiking their prices and raking in proportionally massive profits. And now that everyone is seeing the inflation and a matching economic downturn they’re trying to redirect blame so they don’t end up like the (admittedly very few) bankers that were tried for the 2008 housing bubble burst and the resulting run on the banks.
I’m not hopeful for accountability sadly. This one was death by a thousand paper cuts. We simply don’t have the resources or processes to hold that many accountable.