“Nestle says slavery reporting requirements could cost customers.”
Not to be a joyless communist, but if we can’t have chocolate without slavery, we shouldn’t have chocolate.
(By https://twitter.com/sistersinead)
#slavery #chocoate #capitalism #communism #socialism #economy
@bitbear We have been buying #fairTrade #chocolate from Equal Exchange for many years now. They have a good variety and descriptions of their growers.
Yep. We can have chocolate without slavery, just not quite as much of it not quite as cheap.
But Nestle doesn't care about slavery as long as there's a buck to be made off it. Priorities.
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
@Obdurodon Tell me about it!
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
@jplebreton Yeah, absolutely.
It’s just more a general observation from a capitalist market perspective that if a certain product can’t be made affordable without breaking the law or causing enormous exploitation, it doesn’t have the right to exist.
@GreatBigTable It seems like “Modern Slavery Act” was written into Australian law the same year.
@EricLawton Yep. They are hard to boycott, though.
Attached: 1 image @[email protected] @[email protected] Yeah, regulators have been completely unconsciously asleep, allowing Nestlé, Pepsico, General Mills, Unilever, Kellogg’s, Danone, ABF, MARS and Mondeléz to grow into these enormous, grotesque beasts. It’s impossible to boycott all of them. https://www.businessinsider.com/10-companies-control-the-food-industry-2016-9
@bitbear
True, though I've had 45 years to learn the list and fortunately I don't buy much of the kinds of things they sell.
I also don't know about store-brand goods. I'm sure the grocery chains don't have the facilities to make everything they brand; it could come from Nestlé for all I know.
So it looks like the Aussie's passed the proposed legislation and it's been in place since 2019.
I wonder what Nestle ended up reporting, and whether it had any affect on sales of its crappy, half-assed chocolate.
@gwhilts Yep, “Modern Slavery Act 2018” seems to have been written into law.
Regarding the cost of slavery reporting: Good question. I suppose they were able to absorb the increased costs into the massive inflation they’ve been contributing to since then.
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
@FlorriePuddlefoot Definitely. Especially when you consider corporate profits being responsible for over 53% of the inflation we’ve seen the last few years.
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
@TimPurdum Perhaps because:
1. Nestlé is one of the most evil companies on the planet.
2. Increased costs are only passed on to the consumers; shareholders remain unaffected.
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
@bitbear buy fairtrade, gots goods or similar from poorer countries since almost any product made in let's say Africa or South America or Asia has a pretty dark history with weak legislation for human rights.
Coffee☕, tea🫖, fruit🍊🍋🍌🍍🥭🥝, flowers 🌹, cocoa🍫, cotton, spices🌶️, sugar etcetc.
@bitbear imagine if slavery cost Nestlé?
oh, wait, no, that would be the opposite of slavery then.
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
@margo_strong Then what should the poor shareholders do? Get less dividends? Outrageous!
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
Since the article is 5 yrs old, I searched for newers news on this topic. 2nd hit is Nestles Australia page, claiming they strongly supported the slavery reporting act from the very beginning at all stages.
😂
they pay millions $ to spin doctors and PR agencies
@bitbear I'd love to see what the world economy would look like if we made "adjustment for modern slavery" in the same fashion we do adjustments for inflation to talk about historical prices.
The world's selling a lie to the people. Even if it wasn't socialism, how could people even know if they can envision a better system if they already believe the current one works way better than it actually does?
@arielcajar Good question. The current system is gamed, rigged and broken — that’s for sure.
Attached: 2 images “Corporate profits have contributed disproportionately to inflation.” 1979—2019 - Corporate profits: 11.4% - Labour cost: 61.8% 2020 Q2—2021 Q4: - Corporate profits: 53.9% - Labour cost: 7.9% Tell me again how unionisation and increased wages is the main contributor to inflation. https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ #inflation #economics #economy #profits #labor #labour #cost #corporate #profit
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