#corporateprofiteering — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #corporateprofiteering, aggregated by home.social.
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I wonder how the economy would change if the law required publicly traded companies to pay out 50% of their profits in dividends and forced investors to pay into the corporate coffers when the stocks they hold report a loss. I think stock prices would more closely reflect the actual value of assets. I think the taxes paid on dividend earnings would be significant.
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@mynamesnotgordy I’m going to be splurging on Lays chips, family size at $5,99. Used to be $2.99 before #GalenWestonJr decided he needed to increase profits cause times are tough.
#GalenWestonJr, leader of the food cartel in Canada, is making immoral and amoral profits. A bottle of ASA 81 mg at IDA pharmacy, 180 capsules, is $11.50. At SDM, same ASA 81 mg, 180 capsules, is $20.99 on special. #Greed #Avarice
#CorporateProfiteering #CanadianMediaFailsMiserably -
@clpkbc Case in point: In Ontario, #GalenWestonJr, leader of the food cartel in Canada, is making immoral and immoral profits. A bottle of ASA 81 mg at IDA pharmacy, 180 capsules, is $11.50 today. At SDM, same ASA 81 mg, 180 capsules, Shoppers brand, is $20.99 on special. Costco sells 365 capsules ASA 81 mg for $20. #Greed #Avarice
#CorporateProfiteering #CanadianMediaFailsMiserably in its ability, capacity to advocate for citizens. -
@gemelliz #GalenWestonJr, leader of the food cartel in Canada, is making amoral and immoral profits. A bottle of ASA 81 mg at IDA pharmacy, 180 capsules, is $11.50 today. At SDM, same ASA 81 mg, 180 capsules, Shoppers brand, is $20.99 on special. #Greed #Avarice
#CorporateProfiteering #CanadianMediaFailsMiserably in its ability, capacity to advocate for citizens. And now Galen is getting management of our healthcare! #EnoughIsEnough -
#GalenWestonJr, leader of the food cartel in Canada, is making amoral and immoral profits. A bottle of ASA 81 mg at IDA pharmacy, 180 capsules, is $11.50 today. At SDM, same ASA 81 mg, 180 capsules, Shoppers brand, is $20.99 on special. #Greed #Avarice #CorporateProfiteering #CanadianMediaFailsMiserably in its ability, capacity to advocate for citizens.
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'#Britain once rioted over the price of bread. What would it take for us to confront #greedflation today?
We seem to wearily accept #CorporateProfiteering as a fact of life. But an ever poorer public can be pushed only so far'
https://www.theguardian.com/commentisfree/2023/apr/28/british-bread-greedflation-profiteering-poor
#Inflation #CostOfLivingCrisis #ToryPoliciesInAction -
CW: Greedflation & corporate profiteering in Oz (and beyond)
During my lifetime, the proportion of Australia's GDP claimed by corporate profits (i.e. largely going into the coffers of the #plutocrats) has doubled.
Here's an expert breaking down the numbers, demonstrating that we are not facing an #inflation crisis so much as an unparalleled moment of #CorporateProfiteering. Even just looking at the last three years, if wages had stayed at the same proportion of GDP, then the average Australian worker would be $5k/yr better off.
Put differently, corporations have ripped about $15k from the average Australian worker since the start of the pandemic.
"wage growth has now lagged consumer prices for seven consecutive quarters. This is also a record. As a result, #RealWages have fallen by 5% in the three years since December 2019."
That's the result of opportunistic profiteering, aided and abetted by largely captured regulators.
It doesn't stop till it is made to stop.
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CW: Cost of living crisis (simplified)
Everyone is feeling the pinch. In Australia, the head of the Reserve Bank sounds grim warnings of a "wage-price spiral". Interest rates are going up and up. What is going on?
Let's say a year ago that making a loaf of bread cost $3 (ingredients, labour, packaging, transport, sales, etc), and buying a loaf of bread cost $4.
(All prices merely illustrative)Then Putin invades Ukraine. Russia and Ukraine produce 20% of the world's wheat between them, so the price of grain goes up.
Now making a loaf costs $3.30, due to the price of wheat. So corporations selling bread can either (1) take the hit to their profits, (2) increase the price of bread to $4.30, or (3) realise that everyone is talking about expensive wheat due to the war & raise the price to $4.80.
Unsurprisingly, they pick (3).
Workers, feeling the price rises, demand higher wages. Employers, dragging their feet, agree to small wage increases that add another $0.20 to the cost of making a loaf.So bread now costs $5 to buy, and $3.50 to make. Corporate profits skyrocket. Their allies in media and finance vociferously blame the workers. Consumers struggle. Inequality rises.
That's what's going down.
#Auspol #inflation #CostOfLiving #capitalism #CorporateProfiteering
https://www.theguardian.com/business/2023/feb/24/an-economic-fairytale-australias-inflation-being-driven-by-company-profits-and-not-wages-analysis-finds