Yesterday a work colleague said ‘the real inflation problem is from greedy corporations raising prices’…
I said all of them, all around the world, at the same time??..
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No, but actually yes. You see there are usually about 20-30 people on the board of directors. One board-of-director-person can sit in 4-7 different company-boards. So you see, if one company does this, the "idea" will spread rapidly to the largest 70-100 companies within a week. It's not the only reason, but it is certainly a huge factor.