Loblaws credits record profits to “raising prices on things humans need to live”
“That’s how you end up with a 4th quarter profit of $529 million, available to common shareholders,” Weston Jr. emphasized. “People don’t like dying.”
They balance it between ... raise prices high enough to make profit ... keep it low enough to not cause the pee-ons to riot.
The problem is not completely their fault ... part of the problem is that we are all just willing to keep bending over to allow them screw us as much as they want.
I'm not saying we should start a revolution ... but we should be out in the streets or calling our political reps and basically just causing enough of a protest to affect our country's leadership and corporate heads to do something about all this.
Not sure if it's just me, but I feel like companies have had it so good for so long that they're starting to push the limits just to see at what point society breaks down.
Especially during/after the pandemic, some of the things corporations have been doing just seem so incredibly brazen in their greed. From Loblaws et al, to the various social media companies, it's like the mask is off at this point.
Not to say these corporations weren't squeezing us before, just that it feels like they used to try harder to hide it.
Especially during/after the pandemic
That was the perfect time to do a test run, prices could be raised and the blame put on 'supply chain.' Now they know that there are minimal social/economic repercussions to gouging, businesses can fine tune prices to the absolute limit of human tolerance.
The same with wages, the majority of people are on such shakey ground that they will accept terrible wages because the alternative is homelessness.
That's right, it's our fault! We should all go on a grocery strike and stop eating! That'll show 'em!
Why though? This will only end up with cops beating people up and the government getting more money from the quasi monopolies in Canada anyway in exchange for putting their people in charge of consumer protection agencies like the CRTC and shit.
The goal of capitalism is to own all the wealth. Anything less is failure in the eyes of the bean-counters. Canada's monopolies will fight tooth and nail to make sure that you own nothing and that you pay them for the privilege.
This is satire but is also why nobody should feel bad about stealing food. Screw Loblaws.
Jeezy you know the world is fucked when I couldn't tell if this was satire or not at first glance.
The Beaverton is a satire site like The Onion.
This is a funny take, but not to be taken literally.
People don't like dying?!?! That totally explains why all my enterprises so far have flopped!! 🤦
That's a low blow, Loblaws.
for anyone just randomly seeing this on lemmy, the beaverton does indeed do satire
the sad part is: my first reaction to this was "huh, guess we're really gone that far..."
I like their twist on Bob Loblaw.
Check out their law blog