I don't support his views in general, but here is an interesting opinion from Albert Edwards (the article is the opinion about his opinion piece[which is behind the paywall]):
https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/Some nuggets:
"something seems to have broken with capitalism"..in
his opinion (and he referenced an academic paper) due to "...that corporations engaged in “price gouging” during the pandemic".
He has some data points to point in that direction: "To his point, a January study from the Federal Reserve Bank of Kansas City found that “markup growth”—the increase in the ratio between the price a firm charges and its cost of production—was a far more important factor driving inflation in 2021 than it has been throughout economic history."
AE argues for price controls...puleeze, but if price gouging is true, then what to do?
He predicts that price controls would be an easy way out for governments when the middle class, angry by the decimation of their living standards (due to inflation), turns against them.
SEC seems to be clearing out the field for the big boys (NASDAQ, NYSE) to pounce, probably. There is another possibility, of course, but i don't want to seriously consider it.
Poll
