Mia DiFelice is a Digital Copywriter at Food & Water Watch
During this year's State of the Union Address, President Joe Biden spoke to what most people in the U.S. are seeing right now — trips to the grocery store are more expensive than ever. The reason? Corporate greed. “Too many corporations raise their prices to pad their profits, charging you more and more for less and less,” he said. We couldn’t agree more. In the days before the State of the Union, we found that from 2020 to 2024, the cost to feed a family of four grew 2.
Market power also helps companies get away with shady tactics, like charging us the same for less product. This “shrinkflation” is inflating how much we spend on household essentials like food, soap, and toilet paper. The bigger and more powerful a corporation is, the more it can duck accountability for its actions — and the more it can influence policymakers by spending millions on lobbying to sway policy in their favor.
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