Yes, okay.
Although I would bear in mind that many entrepreneurs don't really love and esteem their products either. They are primarily motivated by getting rich, and starting a business with other skills they have is a convenient way to do it.
Whatever their motivations might be, they still create value for some otherwise it wouldn't be able to exist in a capitalist market. Though I'd say the best(and eventually richest) entrepeneurs are those that can anticipate on the needs of tomorrow and invest heavily in it today. Sort of like Bezos and how he saw internet shopping way ahead of it's time. I doubt anyone is able to invest so much time, effort and often (their own) money if they only care about getting rich. Working in banking or finance would be much easier.
Anyways the thread devolved into ''capitalism vs socialism'' debate but want to circle back to inflation real quick. The price of raw materials have also really started to balloon this year. Last year there was such an overproduction of crude oil you could receive an additional 40 euros per drum because no one wanted to have it out of fear they couldn't store the stinking gold anywhere. Now the demand is so gigantic that the biggest oil reservoirs are almost empty. If you bought crude oil last year you would now have 100 dollar profit per drum(!)
The price of copper also went above 10k dollar per ton which is the highest price in more than ten years.
That is not all though, prices of steel, plastics, chips, coffee, wood, soy and grain have also reached record highs. It could be that it has to do with ''brightening economic prospects''(and also stimulus plans and logistical problems) like the video mentions but it still might be the highest percentual increase in raw materials
ever. Ofcourse these high prices will be passed on to the end product: smartphones, cappucino at starbucks, furniture, meat, bread etc will all become more expensive. Now this in itself doesn't have to lead to inflation because all these increases aren't necessarily structural. Oil might come down due to sustainability(ie electric cars). But copper might only increase in price. If 95% of cars would become electric it would require 20 million tons of copper which is twice as much as the current yearly production. The last years they also discovered barely any new major copper reserves. With Biden wanting to invest 2300 billion dollar in infrastucture this would put even more pressure on the price of raw materials(steel, gigantic amounts of aluminium and also copper).
Now, the question is what would happen if employees start to demand pay raise as compensation for higher prices? If they start to protest it could lead to the infamous loan and price spiral. Sometimes governments manage to mitigate this with wage and price stops. But compare it to the situation in Turkey or Argentina where investors lost faith in the currency and only wanted to provide loans at sky high interest rates. The interest rate in Turkey is 19% if that would for example happen in the eurozone then countries would have to pay 4000 billion euros of interest to the collective deficit. All euro countries could become bankrupt over night.
Like the infamous Bundesbank president Karl Otto Pohl would say; ''inflation is like toothpaste, once out it's very difficult to get it back in''. Who knows when the governments and central banks are squeezing the tube too hard?