'The biggest single reason prices are rising is the concentration of the American economy into the hands of a few corporate giants with the power to raise prices.'
wages are actually declining for most Americans. This is why programs like the child tax credit and other government assistance are so important.
The biggest single reason prices are rising is the concentration of the American economy into the hands of a few corporate giants with the power to raise prices. To be sure, supply bottlenecks have raised the prices corporations pay for some raw materials and components. But here's the most important thing: Instead ofThis is because most large corporations face little or no competition. If corporations in the same industry were competing vigorously against each other, they'd keep their prices as low as possible so as not to lose customers.
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