Inspired by Larry Summers and his tirade against antitrust, I looked into inflation and market power. It turns out 60% of the rise in inflation is going to corporate profits. mattstoller.substack.com/p/corporate-pr…
This is the corporate profit increase from 2019 to 2021, from $1T to $1.7T, or $2,126 per American. Yes, you pay more than two thousand dollars a year more for everything than you did before the pandemic, purely because corporate profits have gone up that much. 
"For every American man, woman and child in the U.S., corporate America used to make about $3,081 in 2019, and today corporate America makes about $5,207 in 2021. That’s an increase of $2,126 per person." mattstoller.substack.com/p/corporate-pr…
That means that there's an inflation rate of 3% on all goods and services going purely to corporate profits. That's ridiculous.
Inflation was at 1.8% in 2019, today it's 6.8%. That means that most of the increase in inflation is purely going to the corporate bottom line. And this is probably concentrated among big firms in concentrated industries. (ht @brian_callaci)
Inflation is a nice cover story to pad corporate profits for large firms that have market power. But it can be more insidious than that, as @HalSinger explains about the likelihood of price-fixing in concentrated markets.
https://twitter.com/HalSinger/status/1475310741053976579
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