Birdwatch Note Rating
2024-08-18 13:15:39 UTC - HELPFUL
Rated by Participant: 61C782C4DEAC6B7BA2FE8CAEED8590C448757918F770F6279A6B789FB0EFAFB4
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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