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From a Catholic point of view, there is good reason to look askance at some of the “false promises” coming out of Davos, including the idea that better technology and the economic system as it is can deal with global poverty, inequality and care of creation.
(OSV News) Greedflation is a hot economic topic, raising serious questions about whether or not inflation has indeed been worsened by corporate profiteering, and if American families will ultimately pay the price.
On May 25, The Wall Street Journal reported that first quarter earnings suggested companies are using inflation as an excuse for big price increases, padding profit margins even as the amount of goods they sell has slowed.
Anthony Annett, a visiting scholar at New York s Columbi