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Reblogged by fromjason ("fromjason.xyz 🖤"):
rbreich@masto.ai ("Robert Reich") wrote:
Walmart hiked prices on its Great Value food brands.
The result? Its net income spiked 93% to $10.5 billion towards the end of 2023.
Walmart rewarded shareholders with $5.9 billion in buybacks and dividends.
When I say price gouging is driving inflation, this is what I mean.