Today's PSA: (because, apparently, this is shocking to people). It's OK for corporations to make less money. It's OK for shareholders to receive less value.
No, they don't have to raise prices on their consumers. No, they don't have to cut wages or benefits. They're choosing to.
If your perpetually ascending profit model only works because you exploit your labor, then your profit model deserves no sympathy, fretting, or hand-wringing.
You can, and should, make less profit.
@Manigarm The usual "excuse" being "but but, we HAVE to make all the money we can for our shareholders"
What they mean when they say that isn't your grandma and her 200 shares, it's the other billionaires who own the bulk of the stock.
It's just a smokescreen for their greed and nothing more.
@Manigarm Honestly it doesn't surprise me. We are inundated with capitalist propaganda from the moment we come out of the womb.
Though it is unfortunate that people don't stop and think long enough to realize just how bad things are as a direct result of said capitalism.
Dr. Holly Walters
Belakor