this is neo-lib style private equity in action. profit is not enough, the profit must be greater than the previous year.
If I remember right, eventually monopolies form and take over a sector of the company. Just by random chance and luck of various situations despite a equal starting level.
The problem is now that the working class orange juice has been squeezed to the point drips are left to squeeze. Eventually the orange runs dry and consumer spending does. I assume the minimum wage increases will help the consumer a little bit but fuck knows.
I don’t mind profits, profits are good for a business, it’s just the greed that becomes an issue. Short staffing shops just get bigger profit margins is one of the greed signs.
What is the plan when enough people cannot afford to participate in society anymore? Companies cannot raise prices forever without forcing people to make cuts or turn to charities instead. Once enough people are put into that position, growth stalls and profits fall. It is terrible for consumers but it is very shortsighted from companies too. You’d expect them to realise such an obvious issue, unless they are now too blinded by greed to do so or to care.
The whole system has been manipulated to allow this to happen. The Tories are serving their masters well.
Fuck the mods
My drug dealer hasn’t put his prices up yet, he’s more moral than these bastards.
from Marx “the proletariat, who own nothing but their own labor, and who would eventually realize their shared interest in overcoming the few who own everything else.”
whoever controls the army of the disillusioned” and therefore control of the Mob whilst supporting the working class with food, shelter and healthcare will bring the Elites to there knees.
I fancied some ice cream earlier and went to buy some magnums.
The fuckers have changed the 4 pack to a 3 pack now for the same price (or probably more).
No. It’s currency debasement + lack of energy + globalisation breaking down. Corporations didn’t suddenly get more greedy in the last 2 years. God I hate this idiotic populist drivel. Also almost the whole world is seeing inflation to varying extents so it’s rather short sighted to only talk about the Tories.
I think I’ve said this before.
A year ago I was buying a plastic container to put my workshops
bits and bobs for 1 pound each.
In the summer they went up to 2 pounds.
Last week I bought another one for 3 pounds.
Sucks that Ukraine was the leading producer of plastic tool boxes…
But they told me it was rising wages driving inflation. Those wages that…aren’t rising
Wait till the end of the month when millions will have the energy credits removed, their next bill becomes due and can’t even afford to buy food, all so the energy companies can make bumper profits
There’s something I don’t understand about the economy, one which I think is probably more psychological or neurological in nature, because it doesn’t make any fiscal sense to me.
I don’t understand how these people think that this endless, infinite profit train that they’re riding will work. They make £1M profit in year one. Then £10M in year two. Then they go on the be in the hundreds of millions each year and then… what? How can they possibly want more and more. They must understand that there is a finite amount of money in the world that can be taken from people. That eventually. To make a penny more profit, they’ll have to charge more sterling for that item than there are quarks in the observable universe. Or is the issue one where these people care so little about anyone and anything else that they’re willing to leave scorched earth for the coming generations?
And still, wage increases are always the problem. These articles appear regularly, but nothing seems to actually puncture the corporate publicity bubble.
The uk is othere countrys are now basically neo feudal. And as far as the big companies are concerned were just cash cows to be milked.
This is why the Welfare State was such a vital part of ‘getting on’ in the UK.
It wasn’t just about ‘benefits’, as many of the public came to believe, the essense of it was to balance out capitalism.
It’s obvious that the political/media class don’t understand this either. Labour under Starmer is still going on about public-private partnerships! A extremely bizarre idea since the job of the state is to counter the excesses of the private sector, not join in with them.
Don’t worry.
The fix to this problem is to spend more, save less for retirement, and raise the retirement age.
Just wait for the budget announcement.
This sounds like leftwing populist nonsense. Businesses have always tried to maximise profit.
“Oh no, the monster we’ve invited into our home isn’t very nice”.
I am totally confident that Sunak will hector them the same way he’s been hectoring the workers about “creating inflation”
100% sure!
You’ll see.
Aaaaaaaaaany minute.
As people cant afford things the market is going to shrink and the profits these companies are making will disappear. The market is a wave so it will have a period of downturn. The key think is not to socialise these losses, otherwise prices will stay high. Luckily we have the party of fiscal responsibility in charge! oh wait …
Introduce a maximum legal markup on critical goods like food etc?
Graham said: “The profiteering crisis isn’t just a few bad apples – it’s
systemic across our broken economy. Entire industries are choosing to
take advantage of a crisis, resulting in the spiralling prices of goods
we all need.”
in other words, things are working perfectly for the billionaire class and their enablers
I’ve found that a lot of smaller shops are now the same price, the butcher is just as cheap if not cheaper than Tesco, chemists and other small shops have most of the other things I need at the same price/cheaper. The only thing supermarkets are good for is fresh fruit and veg. It’s a bit more effort, but it’s much more social, and I’m giving money to local businesses and not any worse off.
Line always needs to go up….. But capitalism isn’t ruining our planet, its the immigrants…… I’m tired of this place
24 comments
this is neo-lib style private equity in action. profit is not enough, the profit must be greater than the previous year.
If I remember right, eventually monopolies form and take over a sector of the company. Just by random chance and luck of various situations despite a equal starting level.
The problem is now that the working class orange juice has been squeezed to the point drips are left to squeeze. Eventually the orange runs dry and consumer spending does. I assume the minimum wage increases will help the consumer a little bit but fuck knows.
I don’t mind profits, profits are good for a business, it’s just the greed that becomes an issue. Short staffing shops just get bigger profit margins is one of the greed signs.
What is the plan when enough people cannot afford to participate in society anymore? Companies cannot raise prices forever without forcing people to make cuts or turn to charities instead. Once enough people are put into that position, growth stalls and profits fall. It is terrible for consumers but it is very shortsighted from companies too. You’d expect them to realise such an obvious issue, unless they are now too blinded by greed to do so or to care.
The whole system has been manipulated to allow this to happen. The Tories are serving their masters well.
Fuck the mods
My drug dealer hasn’t put his prices up yet, he’s more moral than these bastards.
from Marx “the proletariat, who own nothing but their own labor, and who would eventually realize their shared interest in overcoming the few who own everything else.”
whoever controls the army of the disillusioned” and therefore control of the Mob whilst supporting the working class with food, shelter and healthcare will bring the Elites to there knees.
I fancied some ice cream earlier and went to buy some magnums.
The fuckers have changed the 4 pack to a 3 pack now for the same price (or probably more).
No. It’s currency debasement + lack of energy + globalisation breaking down. Corporations didn’t suddenly get more greedy in the last 2 years. God I hate this idiotic populist drivel. Also almost the whole world is seeing inflation to varying extents so it’s rather short sighted to only talk about the Tories.
I think I’ve said this before.
A year ago I was buying a plastic container to put my workshops
bits and bobs for 1 pound each.
In the summer they went up to 2 pounds.
Last week I bought another one for 3 pounds.
Sucks that Ukraine was the leading producer of plastic tool boxes…
But they told me it was rising wages driving inflation. Those wages that…aren’t rising
Wait till the end of the month when millions will have the energy credits removed, their next bill becomes due and can’t even afford to buy food, all so the energy companies can make bumper profits
There’s something I don’t understand about the economy, one which I think is probably more psychological or neurological in nature, because it doesn’t make any fiscal sense to me.
I don’t understand how these people think that this endless, infinite profit train that they’re riding will work. They make £1M profit in year one. Then £10M in year two. Then they go on the be in the hundreds of millions each year and then… what? How can they possibly want more and more. They must understand that there is a finite amount of money in the world that can be taken from people. That eventually. To make a penny more profit, they’ll have to charge more sterling for that item than there are quarks in the observable universe. Or is the issue one where these people care so little about anyone and anything else that they’re willing to leave scorched earth for the coming generations?
And still, wage increases are always the problem. These articles appear regularly, but nothing seems to actually puncture the corporate publicity bubble.
The uk is othere countrys are now basically neo feudal. And as far as the big companies are concerned were just cash cows to be milked.
This is why the Welfare State was such a vital part of ‘getting on’ in the UK.
It wasn’t just about ‘benefits’, as many of the public came to believe, the essense of it was to balance out capitalism.
It’s obvious that the political/media class don’t understand this either. Labour under Starmer is still going on about public-private partnerships! A extremely bizarre idea since the job of the state is to counter the excesses of the private sector, not join in with them.
Don’t worry.
The fix to this problem is to spend more, save less for retirement, and raise the retirement age.
Just wait for the budget announcement.
This sounds like leftwing populist nonsense. Businesses have always tried to maximise profit.
“Oh no, the monster we’ve invited into our home isn’t very nice”.
I am totally confident that Sunak will hector them the same way he’s been hectoring the workers about “creating inflation”
100% sure!
You’ll see.
Aaaaaaaaaany minute.
As people cant afford things the market is going to shrink and the profits these companies are making will disappear. The market is a wave so it will have a period of downturn. The key think is not to socialise these losses, otherwise prices will stay high. Luckily we have the party of fiscal responsibility in charge! oh wait …
Introduce a maximum legal markup on critical goods like food etc?
Graham said: “The profiteering crisis isn’t just a few bad apples – it’s
systemic across our broken economy. Entire industries are choosing to
take advantage of a crisis, resulting in the spiralling prices of goods
we all need.”
in other words, things are working perfectly for the billionaire class and their enablers
I’ve found that a lot of smaller shops are now the same price, the butcher is just as cheap if not cheaper than Tesco, chemists and other small shops have most of the other things I need at the same price/cheaper. The only thing supermarkets are good for is fresh fruit and veg. It’s a bit more effort, but it’s much more social, and I’m giving money to local businesses and not any worse off.
Line always needs to go up….. But capitalism isn’t ruining our planet, its the immigrants…… I’m tired of this place