Best Of Peter S. Goodman's "How the World Ran Out Of Everything"
Here is a selection of memorable quotes from How the World Ran Out of Everything: Inside the Global Supply Chain by Peter S. Goodman There was some truth to this analysis. Supply and demand nearly always had something to say about prices. But another element tended to get short shrift in the inflation explanation: the consequences of extreme market concentration. Page unknown Companies with dominant positions in their industries were positioned to exploit the pandemic as an opportunity to lift prices-and far in excess of what they needed to recover their own increased costs for the parts, energy, and labor that went into their production. In short, they fattened their profit margins. By April 2022, according to one analysis, more than half of the increase in American prices for goods reflected enhanced profits for corporations, while higher pay for workers was responsible for less than 8 percent of rising prices. Other research revealed that American companies had used the ...
