Birdwatch Note Rating
2024-08-17 21:47:41 UTC - HELPFUL
Rated by Participant: 1B1EAE042DCD4E04DA8675D3A8482184DD3702B60CA052CD793EDC58D5BC99DE
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Original Note:
”Price gouging” implies companies shifted from a competitive environment to one where they excessively benefitted from raising prices. Thats not happened. Margins are flat because inflation also hit company COSTS, implying they’re victims of inflation rather than causes of it. https://x.com/compound248/status/1824463310781030451
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