4 ms·
I find it really funny how people blame corporation's "greed" for the high inflation. It's literally raison d'être of for-profit organizations to squeeze as muc
by fuoqi 3y ago
I find it really funny how people blame corporation's "greed" for the high inflation. It's literally raison d'être of for-profit organizations to squeeze as much profits as they can in existing market and regulatory conditions.
The main reasons why corporations get away with "unfair" margins are:
1) Broken anti-trust regulations.
2) Irresponsible fiscal policy effectively monetized by money printing.
3) Ability of corporations and most wealthiest people to ~bribe~ lobby politicians so 2 would benefit mostly them.
To summarize: the root issue is with the government and the political environment which has created it and allowed its short-sighted and irresponsible actions.
- deciplex 3y agoIndeed. Perhaps the profit motive has run its course as the primary driver of all economic activity.
- pixelatedindex 3y agoTotally natural. In a capitalist society, money is consent. I don’t like it, but that’s how this society is setup.
- quantified 3y agoDepends on the system you're in. Many companies could charge more than they do but don't. In the US we have the infamous Supreme Court ruling that the sole purpose of a company is to draw profit. No quibble here with your summary.
- ryandrake 3y agoCompanies exist and are allowed to operate only because the people (voters who vote for the government, who in turn issue business licenses and corporate charters) allow them to. It's about time that the people wake up and remember they permit companies to operate, and they can and should revoke that permission if the company is serving only itself and it's shareholders.