Mainstream Media 'Discovers' Inflation After Corporate Profits Skyrocket
The Independent, in a recently delayed inflation report, suggests US prices have 'ticked up last month.' This keen observation overlooks several years where, according to the Economic Policy Institute, corporate profits hit their highest share of national income in over 70 years in 2021 and 2022, driving over half of the inflation. Meanwhile, US politicians, many of whom benefit from corporate PAC
donations, have consistently prioritized those soaring profits over actual consumer relief. It appears the media's economic radar only activates when the consumer feels a pinch, not when corporations are openly bragging about record profits to their shareholders. How many 'ticked up' monthly reports does it take before we question who truly benefits from the economic narrative?