I usually try to see both sides of an argument, give 'em a chance.
For example; Supply chains were truly fucked over by COVID. And believe it or not, it’s still an issue in late 2023.
But inflation now is almost entirely corporate greed. They saw what they could get away with and pressed it.
Say you have egg laying chickens. You were selling a dozen for $1, but prices spiked and people were happy to pay $2.
You going to drop your prices out the goodness of your heart? And at the same time, feed prices went up (but came down again). Everything went up! Need to repair the fence? $20 worth of wire is now $40 (but that price came down).
That extra $20 was nothing to me, but I can justify keeping my prices up, or even raising them!
Expand that to megacorp’s kinda thinking. In my simplistic case, you are solely responsible for the morality of your decisions, and it might be a hard decision. You gonna take less money nice guy?
For a monster corporation? Nah, that greed is spread over a thousand actors, all sanely acting in their best interest.
Capitalism is the best economic system we got, but the flaws are clear. We need strong worker unions and strong legislative oversight. And that is clear as well.
I usually try to see both sides of an argument, give 'em a chance.
For example; Supply chains were truly fucked over by COVID. And believe it or not, it’s still an issue in late 2023.
But inflation now is almost entirely corporate greed. They saw what they could get away with and pressed it.
Say you have egg laying chickens. You were selling a dozen for $1, but prices spiked and people were happy to pay $2.
You going to drop your prices out the goodness of your heart? And at the same time, feed prices went up (but came down again). Everything went up! Need to repair the fence? $20 worth of wire is now $40 (but that price came down).
That extra $20 was nothing to me, but I can justify keeping my prices up, or even raising them!
Expand that to megacorp’s kinda thinking. In my simplistic case, you are solely responsible for the morality of your decisions, and it might be a hard decision. You gonna take less money nice guy?
For a monster corporation? Nah, that greed is spread over a thousand actors, all sanely acting in their best interest.
Capitalism is the best economic system we got, but the flaws are clear. We need strong worker unions and strong legislative oversight. And that is clear as well.
One problem is that we allowed corporations to go global without a global labor unions and global regulation.