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drxdrg08 t1_j7hxpby wrote

> Just saw a headline that big oil is making record profits

That's how inflation works.

If inflation was 20% in the last 2 years, but your business is -10% in the same time, you still can set a "record" since it is measured in inflated dollars.

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steelceasar t1_j7i940f wrote

Does it make you feel good to defend large corporations and the ultra wealthy as they are actively gouging you for profit?

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drxdrg08 t1_j7j0xik wrote

I'm explaining basic economics, sometimes even basic math.

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steelceasar t1_j7j25fu wrote

>basic economics

Yes you are, you are attempting to distill complex corporate economics down to the level of a household budget; and then deriving truisms from the comparison. It's dumb and self defeating, unless you are a corporation benefiting from record profits. Are you actually a corporation and thus defending yourself?

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