Why is everything so expensive these days? Well, for starters,
- Four airlines control 80% of air travel
- Four companies control 55% to 85% of the meat market
- Three companies control 92% of the soft drink market
- Three companies control 73% of the cereal market
Kroger's profits were up 35.6% from '22 to '23 and Publix' were up 49%. Overall, corporate profits rose to a new all-time high in the Fourth Quarter of 2023.
And why don't we hear about this? Because six companies control 90% of the news.
It's not inflation driving up the costs, folks, it's corporate greed.
Convicted swindler Ivan Boesky died last week. Boesky famously said, "I think greed is healthy. You can be greedy and still feel good about yourself," in a May 1986 commencement speech at Berkeley. He was the model for character Gordon Gekko in the 1987 movie Wall Street. Few people mourned his passing.
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