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Mark Blyth: 'The entire EU framework was settled in the 1990s. It's like being Tony Blair in the 2020s. Nobody cares. It's just an outdated model' (Photo: Mark Blyth)

Interview

Why wages fell and profits surged

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...

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Author Bio

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.

Mark Blyth: 'The entire EU framework was settled in the 1990s. It's like being Tony Blair in the 2020s. Nobody cares. It's just an outdated model' (Photo: Mark Blyth)

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Author Bio

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.

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