The Rise of the Greedconomy
Want to Know Why Your Wallet’s Hurting? Profiteering — On a Dying Planet.
Take a hard look at the chart above. If it doesn’t take your breath away…it should. My job, unfortunately, is to warn. To break bad news. More of the time than I’d like, in this dystopian age. Some charts are just charts — some tell stories, of whole era. The chart above? It’s one of those.
You’ve felt the pain. The groan-inducing way your wallet bursts open whenever you have to…pay for stuff these days. Basics. How fast is the price of food…still…rising? Upwards of 10%, by some estimates. The elemental necessities are skyrocketing upwards. That’s not just because of the war in Ukraine, it’s not because of Covid, which is no longer, rightly or wrongly, a public health emergency — it’s because, at this point, of climate change. We’ll come back to that. First, the point. One of the great, dismal trends of this age is going to be profiteering — on an historic, jaw-dropping scale.
If you think I exaggerate, well, like I said, take a hard look at the chart above. You’ve felt the pain. But for corporate profits? Times have never been better. Literally. What was Covid, for mega-corporations? The greatest opportunity to profiteer in modern history.
