@nicholas@agamemnonymous The real reason we’re seeing record profits is that big businesses are preparing cash stockpiles ahead of the inevitable economic collapse that financial experts and insiders are all expecting, but nobody wants to talk about that.
My common response to the “corporate greed” accusation is asking if squirrels are greedy for hoarding acorns for the winter.
@agamemnonymous I’m a bit curious on this point actually. Let’s say that a pack of chicken nuggets from #TysonsFoods costs $18 when it should cost $15. Where do you think a parent of children is likely to spend those extra $3?
Healthy margins ≠ record profits
@agamemnonymous Record profits ≠ bad
Record inflation is though, and makes all the nominal profits numbers go up without adding any extra underlying value to the companies balance sheets.
@nicholas @agamemnonymous The real reason we’re seeing record profits is that big businesses are preparing cash stockpiles ahead of the inevitable economic collapse that financial experts and insiders are all expecting, but nobody wants to talk about that.
My common response to the “corporate greed” accusation is asking if squirrels are greedy for hoarding acorns for the winter.
When they’re hoarding billions of acorns, leaving little for the other squirrels, then yes.
@agamemnonymous Which is what all squirrels would do if they could 🤷🏾♂️
Then yes, that’s greed.
@agamemnonymous I’m a bit curious on this point actually. Let’s say that a pack of chicken nuggets from #TysonsFoods costs $18 when it should cost $15. Where do you think a parent of children is likely to spend those extra $3?
On their many other living expenses?