The ‘greedflation’ narrative has collapsed, because it was based on lies.
Last year, Justin Trudeau and Jagmeet Singh did everything they could to pin the blame for inflation on so-called ‘greedflation.’
Singh even set up a heavily hyped showdown with Galen Weston, only for the showdown to reveal Singh’s ignorance and make Weston look great by comparison.
Canadians have picked up on the fact that businesses are also impacted by inflation. After all, if the cost of doing business goes up because of inflation, prices have to rise to keep businesses profitable.
That’s not ‘greed,’ it’s simply a reaction to reality.
And now, a new poll shows the extent to which the ‘greedflation’ narrative has collapsed.
According to Nanos Research, just 2% of Canadians say “corporate greed” is the reason for “the sharp rise in prices/cost of living over the past year.”
Meanwhile, the largest number (31%), blame “Canadian government spending/deficit policies,” while 26% blame “businesses increasing their prices.”
“What do you blame most for the sharp rise in prices/cost of living over the past year?”
Canadian Gov’t Spending/Deficit Policies: 31%
Businesses Increasing Their Prices: 26%
Pandemic Supply Chain Disruptions: 17%
Bank of Canada Interest Rates: 9%
Russian Invasion of Ukraine: 5%
Corporate Greed: 2%Nanos Research / March 2, 2024 / n=1071 / MOE 3% / Telephone
"What do you blame most for the sharp rise in prices/cost of living over the past year?"
Canadian Gov't Spending/Deficit Policies: 31%
Businesses Increasing Their Prices: 26%
Pandemic Supply Chain Disruptions: 17%
Bank of Canada Interest Rates: 9%
Russian Invasion of Ukraine: 5%…— Polling Canada (@CanadianPolling) March 12, 2024
It’s notable that Canadians differentiate between “businesses increasing their prices” and “corporate greed,” since they are indeed two very different things.
In short, Singh & Trudeau’s effort to push the ‘greedflation’ narrative has failed, and Canadians are rightfully holding the Liberal-NDP coalition accountable for the consequences of inflationary government policies.
Spencer Fernando
