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Comment by wouldbecouldbe | Hacker News Reader

The economist is a nonsense idea.

Already been shown that inflation is being abused to raise prices in many places.

Now it might not have started this mess, but it's for sure keeping it going.

It's the ECB itself, normally Unilever's friend, who argued such: https://www.theguardian.com/business/2023/jun/27/corporate-p...

Now fair enough, the ECB should point the finger at itself for it's monetary policy.

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> inflation is being abused to raise prices

Inflation is the rising of prices. If prices are rising around you, it makes sense to raise your own prices. Just like it makes sense for workers to look for raises (i.e. raise their prices).

Yeah if you think the stores didn't use the general price hike and took advantage of it you our pretty gullible.

According to the ECB itself it was the corporates who were the main driver & cause: theguardian.com/business/2023/jun/27/corporate-profits-driving-up-prices-ecb-president-christine-lagarde

Is it 'abusing' inflation if I ask my company for a larger raise due to inflation?

Yeah if its more then the inflation itself and you are doing it under the guise of inflation it's manipulative. Lots of products jumped 50% in grocery stores here, main argument was gas prices, then gas prices went down, still prices went up. And record profits as well.

I think that companies are always trying to make the most profit per unit sold. Inflation may have provided a stimulus that led to the companies being able to increase their prices, even beyond the increase in costs, but the inflation had to already be there for this to happen. I don't think it's really abuse; they are free to charge whatever they want.

The Economist cares about pushing the baseless opinion of their unnamed editors. They're a rag without the courage to name or give credit to their writers.

capitalists never let a good crisis go to waste

we need only see how the government reacted since March of 2020 to see how they react to crisis The government vetoed business, not the other way around. That's why do many shops were shut down or had signs blocking you from buying "non essential" goods Deciding who is essential who is not is deciding who goes bankrupt and who makes record profits.

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