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Response to mahatmakanejeeves (Original post)

Sun Jul 31, 2022, 06:00 AM

2. Greedflation might have consequences

If you jack up all your prices needlessly (or at least a lot more than necessary) to have two quarters of the largest percentage profits ever to buy back stock from C-suite folks, eventually, customers will stop buying.

But, to these corporations, it is totally worth it to have some short term slightly lower than expected profits to damage Biden and the Dems so that a new wave of corporate welfare and tax breaks can be ushered in by their rethugs henchmen after the midterm.

As Robert Reich says, we socialize risk for the wealthiest and the cruelest of capitalism for the poor.

But these are short term losses... Walmart won the ling game a long time ago when they killed most of the competition.

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mahatmakanejeeves Jul 2022 OP
bucolic_frolic Jul 2022 #1
LineNew Reply Greedflation might have consequences
JT45242 Jul 2022 #2
jimfields33 Jul 2022 #3
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