#corporateprofiteering — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #corporateprofiteering, aggregated by home.social.
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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 -
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.