February has been punctuated by record shattering profit announcement, and its becoming increasingly obvious corporations are using emergencies — such as the pandemic, supply chain disruption, or gas shortages — as an excuse to raise gains.
Analysts are only just beginning to lay out the pattern, but in case you were wondering why stuff like peanut butter and cola got so expensive: it's because big corporations are hiking prices...
Back our independent journalism by becoming a supporting member
Already a member? Login hereWester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.
Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.