Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

  • sadreality@kbin.social
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    1 year ago

    Tbh central banks set rates it is not their job to enforce law.

    The state should be doing that. In many markets such beef or egg there was misconduct related to pricing but there is no enforcement.

    • Drusas@kbin.social
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      1 year ago

      Central banks set interest rates with the sole intention of protecting the upper class at the expense of the lower classes (which is to say, most people). They are part of the problem.

      • sadreality@kbin.social
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        1 year ago

        No doubt but they are fighting inflation with text book method. Their corporate buddies caused it by price gouging but nobody will admit it and the executive will not punish criminals.

        I don’t understand why executive which has all this power is not being held accountable for non actions which enable these crisis.