being fleeced by big business

Why Do We Unquestioningly Accept Being Fleeced By Big Business?

5 mins 2 yrs

Here in Australia and in America the energy companies are taking us all for a very expensive ride. Why do we unquestioningly accept being fleeced by big business? Gas and oil prices have gone through the roof and then some over the last 12 months. Yes, we have heard the excuses about the war in Ukraine but come on these companies are making record profits in the trillions and hundreds of billions of dollars. Inflation is at 7.2% in Australia, as of November 2022, and the Reserve Bank tips it to reach 8% by the end of the year. The cost of living for essential items like energy and food have gone up substantially. The RBA is rising interest rates to dampen demand within the economy.