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B.🇺🇦

Corporate profits are the main drivers of inflation in the Euro zone IMF finds.

"The increase in nominal profits was largest in sectors benefiting from increasing international commodity prices and those exposed to recent supply-demand mismatches."

Well f*** the , wrecking the planet while sucking money out of all our wallets.

This industry is holding us all hostage while we are heading full steam into disaster. We need to expropriate it and put it under democratic control immediately to stop the worst!

imf.org/en/Publications/WP/Iss

@dielinke @carorackete @xrgermany @fff @xrnl

Edit: typo

Chart showing the contribution of profits, labour costs, taxes and import prices to inflation in the Euro zone. The recent surging inflation since the Russian invasion of Ukraine can predominantly be explained by high profits of mainly fossil fuel corporations - or their capitalist greed in other words - contributing with 45% to price increases in Q1 2022 to Q1 2023.
Jul 29, 2023, 03:25 PM·Public·Tusky
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