Birdwatch Note Rating
2024-08-18 15:20:10 UTC - HELPFUL
Rated by Participant: A3C9C315145665FCFB095EA4F1B835E2E2CEC61372D67EC8CBD4B89C09517B59
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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