Birdwatch Note Rating
2024-08-18 03:44:18 UTC - HELPFUL
Rated by Participant: 3B2A5CCC9EBA51CE589D11C2428E2FE33C48F76665A9FB7495FD990C5E6AD9AD
Participant Details
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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