Proof positive: I must be crazy!

 

I read that inflation is being driven principally by corporate price gouging.

And that government is addressing this, not with taxes on superprofits or idle capital, but with interest rate rises.

So, we have a problem driven by corporate greed, and addressed by fuelling that greed by stripping what little wealth the great many Australians have and giving it to the very few who are already über-wealthy.

Kind of like curing a disease by ignoring the patient but offering an unrelated and highly lucrative contract to some random corporation, paid for with a loan taken out at steep interest rates, to ensure the corporation and the banks maximize benefits while completely ignoring the patient and the disease.  And if the patient dies in the meantime for being completely ignored … well, who really cares?

That’s crazy, right?  That really can’t be happening.  It would mean government is deliberately harming the great many Australians in order to assist ever greater wealth concentration.

And it would mean that the great many Australians would be crazy not to be lynching the people in government allowing this to happen.

So, it must be me who’s the crazy one.  Right?

PS: Guardian story, ‘“An economic fairytale”: Australia’s inflation being driven by company profits and not wages, analysis finds’, 24 February 2023.