The laughable Bank of Canada report even includes the line
Why did this increase in markups not contribute significantly to inflation? We show that markup growth reached its highest level because of a contraction in firmsโ costs [...] during the pandemic-related public health interventions
So when their costs go down they keep the prices the same and pocket the difference, BoC report verdict "profit growth without inflation". So what happens when costs go back up?
We observe a mild contribution of markup growth to inflation in 2021, partially explained by demand rebounding faster than costs. However, the fact that markup growth fell to zero the following year indicates that firms were likely smoothing out their price increases [...] rather than leveraging increases in market power.
So when the costs go back up, they pass 100% of the cost to the consumer and keep their new higher profit margins (no change in markup). BoC verdict "the inflation has nothing to do with profit growth". Amazing!
If industry follows this "price ratchet" mechanism profit margins can go to infinity "without causing inflation" according to BoC. Absolutely galaxy brain levels of economic genius.
They really think we're idiots.
In your example everyone is throwing knives. Not throwing knives gets you shunned where you might starve to death. Leaders repeatedly make speeches about how children who get hit by knives are a tragedy, but we're already doing our best! This is explicitly to ease social guilt and confound the morals of everyone who doesn't have the luxury of being able to sit down and study the system.
I can't blame the people in that system for hitting kids with throwing knives. In fact the ones who hit kids are doubly traumatized because they have to live with the consequences of actions they were coerced into performing. This is especially true if they were also hit by a knife as a kid!
I blame the system and the people running it. You should too. It's deeply childish to assume everyone shares the privilege required for having a proper leftist worldview in a system that literally criminalizes it. Someone is facing 20 years in jail for having a leftist zine with a feminist review of midsommar right now and you expect every parent to have a critical understanding of economic and social coercion???