DiscoverPitchfork Economics with Nick HanauerHow Outsized Corporate Profits Raised Prices (with Lindsay Owens)
How Outsized Corporate Profits Raised Prices (with Lindsay Owens)

How Outsized Corporate Profits Raised Prices (with Lindsay Owens)

Update: 2024-07-30
Share

Description

This week, Nick and Goldy are joined by Lindsay Owens, Executive Director of the Groundwork Collaborative, to discuss Groundwork’s recent reports on corporate profiteering and price gouging during and after the pandemic. Owens attributes the record increases in corporate profits in the last few years to growing corporate concentration and lack of competition. She argues that these two factors gave companies an unprecedented level of market power, and therefore pricing power, which allowed them to exploit the supply chain crisis caused by COVID to drastically raise prices. Owens stresses the need for policy interventions to promote competition, transparency, and fair pricing in the market to ensure a more competitive and consumer-friendly economy.


Lindsay Owens is the Executive Director of the Groundwork Collaborative, known for her expertise in economic policymaking and her work on exposing corporate profiteering in price increases. She leads the organization's mission to create a more equitable economy, providing media commentary and advising policymakers such as Senator Elizabeth Warren, Minnesota Attorney General Keith Ellison, and Congressional Progressive Caucus Chair Pramila Jayapal.


Twitter: @owenslindsay1


Further reading: 


New Groundwork Report Finds Corporate Profits Driving More Than Half of Inflation


Inflation Revelation: How Outsized Corporate Profits Drive Rising Costs


Big Profits in Small Packages


Website: http://pitchforkeconomics.com

Twitter: @PitchforkEcon

Instagram: @pitchforkeconomics

Nick’s twitter: @NickHanauer

Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

How Outsized Corporate Profits Raised Prices (with Lindsay Owens)

How Outsized Corporate Profits Raised Prices (with Lindsay Owens)

Civic Ventures