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Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for wages, according to research by IMF economists.

VIDEO: https://youtube.com/watch?v=qdZbq1iw-ho

Sources and more information here: https://geopoliticaleconomy.com/2023/06/26/corporate-profits-inflation-europe-imf

US Federal Reserve says its goal is ‘to get wages down’: https://geopoliticaleconomy.com/2022/05/24/us-federal-reserve-wages-inflation

How corporate profits are driving inflation, not workers' wages

Leaded gasoline could not have become a universally-used commercial product without an enforcer. Someone who was dedicated to protecting the status quo position that leaded gasoline was safe to use and not a threat to the general public. And that enforcer was named  Dr. Robert Kehoe. In 1925 he was appointed chief medical consultant of the Ethyl Corporation and remained in the post until his retirement in 1958. Though he continued to fight for leaded gasoline after that and he lived until the 1990s.

Thomas Midgley, Jr. might be the one responsible for inventing leaded gasoline. But Robert Kehoe is the one responsible for protecting industry from uncomfortable questions about lead so that it could be used as long and widely as it was. Until the 1960s, the only studies of the use of tetraethyl lead were funded by the lead, gas, and car industries and carried out by Robert Kehoe.


REFERENCES

Brown, Oliver W. "Kettering Lab Hailed as Pioneer" Dayton Daily News (Dayton, Ohio), April 2, 1964.

Markowitz, Gerald, and David Rosner. Lead wars: the politics of science and the fate of America's children. Vol. 24. Univ of California Press, 2014.

Ross, Benjamin, and Steven Amter. The polluters: the making of our chemically altered environment. Oxford University Press, 2010.

Keating, Peter. "The Secret History of the War on Cancer." Bulletin of the History of Medicine 82, no. 3 (2008): 757-758.

Nriagu, Jerome O. "Clair Patterson and Robert Kehoe's paradigm of “show me the data” on environmental lead poisoning." Environmental research 78, no. 2 (1998): 71-78.

Loeb, Alan P. "Birth of the Kettering doctrine: fordism, sloanism and the discovery of tetraethyl lead." Business and Economic History (1995): 72-87.

Reilly, Lucas. "The Most Important Scientist You’ve Never Heard Of." Mental Floss 17 (2017).
https://www.mentalfloss.com/article/94569/clair-patterson-scientist-who-determined-age-earth-and-then-saved-it

Rosner, David, and Gerald E. Markowitz, eds. Dying for work: Workers' safety and health in twentieth-century America. Indiana University Press, 1987

McGrayne, Sharon Bertsch. “Prometheans in the Lab: Chemistry and the Making of the Modern World.” Sharon Bertsch McGrayne, 2001.

Markowitz, Gerald, and David Rosner. “Deceit and denial: The deadly politics of industrial pollution.” Vol. 6. Univ of California Press, 2013.

Cagin, Seth, and Philip Dray. "Between earth and sky: how CFCs changed our world and endangered the ozone layer."  1993.

Kovarik, William. "Ethyl-leaded gasoline: how a classic occupational disease became an international public health disaster." International journal of occupational and environmental health 11, no. 4 (2005): 384-397.

Kitman, Jamie Lincoln. "The secret history of lead." NATION-NEW YORK- 270, no. 11 (2000): 11-11.
https://www.thenation.com/article/archive/secret-history-lead/

Patterson, Clair C. "Contaminated and natural lead environments of man." Archives of Environmental Health: An International Journal 11, no. 3 (1965): 344-360.

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Geopolitical Economy Report is an independent news outlet that provides original journalism and analysis to understand the changing world.

How corporate profits are driving inflation, not workers' wages

Geopolitical Economy Report

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