Inflation manipulation and economic recession our nation is battling.

Skewed Thoughts

Corporate giants are raising prices even as they rake in record breaking profits. Raising prices even as they rake in record profits. How can this be? How can they have so much market power that they can raise prices with impunity. How can this happen you ask? Because of their unchecked power. Inflation isn’t driving most of these price increases. Corporate power is driving them.
Since the 1980s, when the US government all but abandoned antitrust enforcement, two-thirds of all American industries have become more concentrated.
In Texas, 30% of residential real estate has been sold to private Corporations, banks, hedge funds, etc. Monsanto sets the prices for most of the country’s seed corn. The government green-lighted Wall Street’s consolidation into five giant banks, of which JP Morgan is the largest. Airlines have merged from 12 in 1980 to four today, which now control 80% of domestic seating capacity. Boeing and McDonnell Douglas have merged, leaving the US with just one large producer of civilian aircraft: Boeing. Three giant cable companies dominate broadband: Comcast, AT&T and Verizon. A handful of drug companies control the pharmaceutical industry: Pfizer, Eli Lilly, Johnson & Johnson, Bristol-Myers Squibb and Merck. I don't need to go on, i think you get the point.
All this spells corporate power to raise prices.
The federal reserve has been increasing interest rates.
But none of this responds to the deeper structural issue – of which price inflation is a symptom: the increasing consolidation of the economy, including residential real estate, in a relative handful of big corporations with enough power to raise prices and increase profits.
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