Birdwatch Note Rating
2024-08-18 13:35:28 UTC - HELPFUL
Rated by Participant: C8468270FD5B1F2819E50FA2F3E8106CF11A4BB406B7FF273A9905A260B2CCA3
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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