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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mstdn.social/users/retrohondajunki/statuses/111496120567241679">🏳️ Ben Soule :coffefied: (retrohondajunki@mstdn.social)'s status on Thursday, 30-Nov-2023 10:26:43 JST</a><a href="https://mstdn.social/@retrohondajunki" title="retrohondajunki@mstdn.social"><img src="https://gnusocial.jp/avatar/111046-48-20231130012643.webp" width="48" height="48" alt="🏳️ Ben Soule :coffefied:" style="position: absolute; left: 0; top: 0;">🏳️ Ben Soule :coffefied:</a></section><article><p>"This isn't just happening with diapers. It's happening across our entire economy. Inflation rose 14% between July 2020 and July 2022. But corporate profits rose by 75% over those two years — five times as fast as inflation. Remember when the media said “greedflation” was a fringe theory? Now looking back, it's undeniable." <br>      -Robert Reich @RBReich</p><p><a href="https://mstdn.social/tags/Greedflation" rel="tag">#Greedflation</a> <a href="https://mstdn.social/tags/Capitalism" rel="tag">#Capitalism</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/2394235#notice-4731327">In conversation</a><time datetime="2023-11-30T10:26:43+09:00" title="Thursday, 30-Nov-2023 10:26:43 JST">about a year ago</time> <span>from <span><a href="https://mstdn.social/@retrohondajunki/111496120567241679" rel="external" title="Sent from mstdn.social via ActivityPub">mstdn.social</a></span></span><a href="https://mstdn.social/@retrohondajunki/111496120567241679">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/1900203"> "This isn't just happening with diapers. It's happening across our entire economy. Inflation rose 14% between July 2020 and July 2022. But corporate profits rose by 75% over those two years — five times as fast as inflation. Remember when the media said “greedflation” was a fringe theory? Now looking back, it's undeniable."  Robert Reich @RBReichThe price of Huggies diapers went up 6%between April- June.Inflation, right?Wrong.Kimberly-Clark, the maker of Huggies,reported that the cost to make its products*fell* by $75 million.They took the money and ran, banking $168million in operating profits in Q3 2023.</a></label><br><a href="https://media.mstdn.social/media_attachments/files/111/496/094/660/397/590/original/514cd9227749dc9e.png" rel="external">https://media.mstdn.social/media_attachments/files/111/496/094/660/397/590/original/514cd9227749dc9e.png</a></li></ol></footer></blockquote>

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🏳️ Ben Soule :coffefied: (retrohondajunki@mstdn.social)'s status on Thursday, 30-Nov-2023 10:26:43 JST 🏳️ Ben Soule :coffefied:
"This isn't just happening with diapers. It's happening across our entire economy. Inflation rose 14% between July 2020 and July 2022. But corporate profits rose by 75% over those two years — five times as fast as inflation. Remember when the media said “greedflation” was a fringe theory? Now looking back, it's undeniable."
-Robert Reich @RBReich
#Greedflation #Capitalism
In conversationabout a year ago from mstdn.socialpermalink
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1. "This isn't just happening with diapers. It's happening across our entire economy. Inflation rose 14% between July 2020 and July 2022. But corporate profits rose by 75% over those two years — five times as fast as inflation. Remember when the media said “greedflation” was a fringe theory? Now looking back, it's undeniable." Robert Reich @RBReich The price of Huggies diapers went up 6% between April- June. Inflation, right? Wrong. Kimberly-Clark, the maker of Huggies, reported that the cost to make its products *fell* by $75 million. They took the money and ran, banking $168 million in operating profits in Q3 2023.
  https://media.mstdn.social/media_attachments/files/111/496/094/660/397/590/original/514cd9227749dc9e.png

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