After corporate media lied America into a war and a financial crisis, data show they lied about a main source of price hikes — and brutal policies followed.
by Andrew Perez, Matthew Cunningham-Cook, and David Sirota, The Lever
One year ago, as price hikes were becoming a major national concern, the world’s third-richest man touted his newspaper columnist asserting that corporate profits were not a driving force behind inflation — blaming temporary COVID-19 pandemic aid instead.
While Washington Post owner Jeff Bezos and others were trying to steer the inflation discourse away from a focus on business profiteering, there was already data showing that most of the price increases Americans were experiencing could be attributed to larger corporate profit margins.

Those figures were hardly surprising: Corporations that had been permitted to grow into oligopolies during the era of lax antitrust enforcement were now able to leverage their outsized market power to hike prices — and to do so with less fear of competitors undercutting them. It’s a reality that has since been recognized by a Federal Reserve study, a top economist at UBS, European central bankers, and, most recently, Rupert Murdoch’s Wall Street Journal.
Recent Posts
‘Let The Public See Where Democrats Really Stand’: Full DNC Floor Vote Demanded On Gaza
August 27, 2025
Take Action Now “We are demanding a roll-call vote so that every DNC member is accountable for where they stand in this historic……
Trump Threatens Chicago With Federal Takeover Despite Falling Crime
August 25, 2025
Take Action Now Democrats decry a “manufactured crisis” as the White House touts a post-DC crackdown and eyes Chicago, despite data showing declining…
Will The DNC End Their Complicity In Israeli Genocide Or Double Down?
August 25, 2025
Take Action Now As apologists for Israel, Democratic leaders in Congress and at the DNC are doing major damage to the party’s prospects for…
How LA Is Uniting To Provide Mutual Aid For Those Impacted By ICE Raids
August 24, 2025
Take Action Now Through fundraisers, grocery deliveries, ‘adopt a corner’ initiatives and ICE watch, Angelenos are coming together to support their…