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.
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.