The Role of Corporate Profits in Inflation

Under neoliberalism there have been an approach to corporate governance which focuses on sort of you know cutting the fat and returning money to shareholders. The whole purpose of the thing is to try to increase profits by ironing out any redundancy in the system. So when there were disruptions because of the pandemic or because of the war those constraints became really binding if you imagine a system with more capacity built in with more resiliency more redundancy would be another way of thinking about it.