Comments by "michael" (@michaeld4861) on "Corporations CAUGHT Jacking Prices u0026 Blaming Inflation | The Kyle Kulinski Show" video.

@e1v1a19 You've got it backwards. Companies can't have record profits and blame inflation for higher prices. Those are opposing things. And if a company has lower prices, that is supposed to make it more sought after by consumers because lower prices = better for consumers. But if all 2 or 3 companies that own 90% of the market just raise their prices together like we've seen recently, then nobody has lower prices to compete for. A shortage is different, shortages are temporary but we ain't going to see consumer prices (everyday items) fall we know that for sure. Once the company sees higher margins they ain't going back down and pissing off their shareholders. Your car example is good. but it's temporary and it also makes no sense for a repair man to increase service prices just because the car price increased. It's one thing to charge for the part but more for the labor just cause you are greedy? That's supposed to be thwarted by competition. But we live with monopolies so competition really doesn't exist. And when it does exist, the companies who take bigger long-term risks (and open themselves to black swans kind of like 2008) for short-term gain get ahead in the market to eventually become "too big to fail" and are then rewarded for blowing up the economy. Hence the banks in 2008. We need to let companies fail and not give their boards bonuses for taking risks that blow up the economy.
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Yep. You can't blame inflation AND have record profits and margins at the same time. Those two things are mutually exclusive. Incompatible.
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