Prices are rising and Mainers are feeling the pinch. At the same time, some of the world’s largest corporations are reporting record profits.
The mismatch between Mainers feeling the pinch as corporate profits rise is the result of choices made by policymakers over time, particularly at the federal level, that have given corporations greater power over people to set prices and control the flow of goods and services. Now, corporations are using this power to extract even larger profits under the cover of current global supply chain disruptions.
Policymakers must work to reduce corporate consolidation and power while also helping to buttress Mainers against ongoing price increases.