Robert ReichCorporate profits have now reached record highs, yet the price hikes won’t stop.
Why?
Well, in 75% of US industries, fewer companies control more of the business compared to twenty years ago.
Minimal competition means maximized price-gouging.
Drruthi@rbreich have you seen the size of toothpaste tubes now? Laughable. And sad. 😞
Dave Volek@rbreich
Another reason why we need a new model of business. In the "spolu," profits are distributed between investors, employees, customers, suppliers, and philanthropy.
https://davevolekinventions.org/spolu/
The current business model has all the profits going to the investors.
Richard R Lee
AoB_Motomasa🇨🇦🎚🎛🎚🎧@rbreich yep... capitalism actually hates competition - the goal is always to be a monopoly. Buy out or squash the competition.