Revisiting corporate greed’s effect on the supply chain (with Rakeen Mabud)

Judging by the amount of downloads for this episode, we’d say it was our listeners’ favorite from the past year. “Did Corporate Greed Break the Supply Chain?” with Rakeen Mabud from the Groundwork Collaborative exposes how the supply chain was actually designed: not for reliably getting goods to people, but for maximizing profit. Unfortunately, that’s something many Americans came to realize in 2022 as prices skyrocketed and store shelves were left empty. This episode originally aired on March 22, 2022. Rakeen Mabud is the Chief Economist and Managing Director of Policy and Research at the Groundwork Collaborative. Twitter: @rakeen_mabud How We Broke the Supply Chain https://prospect.org/economy/how-we-broke-the-supply-chain-intro/ Corporations Raise Prices as Consumers Spend ‘With a Vengeance’ https://www.nytimes.com/2022/02/27/business/economy/price-increases-inflation.html Opinion: Larry Summers Shares the Blame for Inflation https://www.nytimes.com/2022/02/28/opinion/larry-summers-inflation.html Inflation causing financial strain for nearly half of U.S. households, poll finds https://www.washingtonpost.com/business/2021/12/02/inflation-gallup-financial-hardship/ Stock Buybacks Beat Capital Spending for Many Big Companies https://www.wsj.com/articles/stock-buybacks-beat-capital-spending-for-many-big-companies-11631611802 The stock market is punishing Walmart and Target for keeping costs low while the rest of the corporate sector prioritizes profits and makes inflation worse https://www.businessinsider.com/walmart-target-keep-prices-low-corporations-prioritize-profits-inflation-worse-2021-11 Website: https://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer