Dr. Holly WaltersApr 14, 2023

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.

Show threadDerek  ðŸ‡ºðŸ‡¸ðŸ‡³ðŸ‡±Apr 17, 2023

@Manigarm @antonyjohnston

This. A ‘corporation’ does not exist through some natural law. It exists as an entity because society says it can, presumably because society benefits from it. If society *isn’t* benefitting from it, either because it is not making money, doing illegal things, impoverishing it’s employees, destroying the environment, etc, we should revoke it’s right to exist!

Show threadDr. Holly Walters
@Derekhardwick @antonyjohnston See, this is the "unpopular opinion" people usually come at me for. When I note that none of this is "natural" nor "inevitable." Free Market Economics is a human-made system and structure. In short, the world need not be as it is. It can be different.
Apr 17, 2023 at 6:54pmWeb
Show threadAntony JohnstonApr 17, 2023
@Manigarm @Derekhardwick People even insult smaller concerns as "lifestyle businesses", like that's somehow bad. The whole myth of growth at all costs and profit above all is pernicious.