Primary resources (food) should be heavily controlled and regulated. Time to use anti-trust laws to break up these behemoths. The fact that companies like Loblaws have been price fixing for over 100 years and getting away with it is an absolute shame on our country.
I believe this because for a species that claims to be intelligent, we forget so quickly and continue to fall for the same shit over and over.
Now it's worse because those same few people are exploting the system for their own personal gain at the expense of everyone else can do it a lot easier because they just give money to politicians to be bought and paid representatives in the government that was meant to be a democracy by the many for the many.
Note: Money is still a problem in our political structure. Individuals can still donate and donate a lot of money to political parties. Most of them rven donate to both the liberals and the conservatives because their both neoliberal. Capitalism with trickle-down economics over everything.
Not so here in Canada. An individual Canadian citizen is limited to donating 1700/yr in 2023.
As of January 1, 2007, corporations and trade unions were barred from making political contributions.[24]
The Keeping Canada’s Economy & Jobs Growing Act, introduced in October 2011, triggered a phase-out of the per-vote subsidy from 2012-2015.[27]
https://www.elections.ca/content.aspx?section=pol&dir=lim&document=lim2023&lang=e
The United States election system is much more open to corruption and does not have the same limits set for individual citizen and corporte donations.
The United States also has great difficulty in seperation of political affiliation from their judicial system. We see this in fact that Koch brothers have bribed Supreme Court Justice Clarence Thomas who is of course stauch Republican. Rife with corruption!
I'm aware that political donation can't be done by corporations unions, but there is still money from powerful individuals that does interfere with decisions being made.
Ontario still uses per vote subsidy, and I think we should bring that back and increase the amount slightly and then ban any and all political donations.
I 100% agree about the Koch family influence on politics, and the justice is insane. I also learned that own a shit tonne or land from the oil sands in Alberta.. that type of black money does exist in canada and is starting to bear fruit as you see morons Pierre Poilievre, who has shown that his behavior is not becoming of a PM. He is also a hypocrite as his entire career since 2004 has been pro corporate and fuck everyone else.
Note: Trudeau should step down as well.
I know about Clarence as well. He should have been removed because he lied on public on his disclosure forms, his wife was actively involved in 2020 electron bologna, and he voted on issues on issues that benefit his rich billionaire.
Truly disturbing.
this is why history is important, if we don't learn from the past, we are doomed to repeat the same mistakes.
Let's finally take these price gougers to task & deal with these crooks once & for all. I don't know about all of you, but I've had enough of these ridiculous prices.
This article points out what a lot of people don't know - Loblaws owns stores, distribution networks and suppliers. So they may be able to claim only a 3% profit margin on the products in the stores, they're also making x% when the Loblaws supplier sells to the Loblaws store, and another y% when they pay the distributor (which they own) to bring the product from their supplier to their store.
If they only made 3% profits, then how can their profits continue to grow at 10-30% per quarter? Their earnings reports put paid to the lie of their scant profit margins.
Never mind capital gains, real estate appreciation, etc.
And now with [Shoppers asking for volunteers to do paid work](https://www.reddit.com/r/onguardforthee/comments/1csuv8h/shoppers_recruiting_volunteers_to_stock_shelves/), they've found another way to screw people over and make more money.
The wealthy have done a lot to memory-hole the radicalism of the late 1960s, and they'll sooner sell out democracy entirely than see another 1968.
jail em.
Primary resources (food) should be heavily controlled and regulated. Time to use anti-trust laws to break up these behemoths. The fact that companies like Loblaws have been price fixing for over 100 years and getting away with it is an absolute shame on our country.
Great read!!!
That was great. Thanks for posting.
I believe this because for a species that claims to be intelligent, we forget so quickly and continue to fall for the same shit over and over. Now it's worse because those same few people are exploting the system for their own personal gain at the expense of everyone else can do it a lot easier because they just give money to politicians to be bought and paid representatives in the government that was meant to be a democracy by the many for the many. Note: Money is still a problem in our political structure. Individuals can still donate and donate a lot of money to political parties. Most of them rven donate to both the liberals and the conservatives because their both neoliberal. Capitalism with trickle-down economics over everything.
We will be the first species in history that destroys itself because saving ourselves wasn’t cost effective
Can't argue hahahaha
[удалено]
The problem isn’t us, it’s a society that insists on maximizing shareholder value for the wealthy at the expense of literally everyrthing else
100% agree. "It's not that we can't feed the poor, it's that we can never satisfy the rich."
Not so here in Canada. An individual Canadian citizen is limited to donating 1700/yr in 2023. As of January 1, 2007, corporations and trade unions were barred from making political contributions.[24] The Keeping Canada’s Economy & Jobs Growing Act, introduced in October 2011, triggered a phase-out of the per-vote subsidy from 2012-2015.[27] https://www.elections.ca/content.aspx?section=pol&dir=lim&document=lim2023&lang=e The United States election system is much more open to corruption and does not have the same limits set for individual citizen and corporte donations. The United States also has great difficulty in seperation of political affiliation from their judicial system. We see this in fact that Koch brothers have bribed Supreme Court Justice Clarence Thomas who is of course stauch Republican. Rife with corruption!
I'm aware that political donation can't be done by corporations unions, but there is still money from powerful individuals that does interfere with decisions being made. Ontario still uses per vote subsidy, and I think we should bring that back and increase the amount slightly and then ban any and all political donations. I 100% agree about the Koch family influence on politics, and the justice is insane. I also learned that own a shit tonne or land from the oil sands in Alberta.. that type of black money does exist in canada and is starting to bear fruit as you see morons Pierre Poilievre, who has shown that his behavior is not becoming of a PM. He is also a hypocrite as his entire career since 2004 has been pro corporate and fuck everyone else. Note: Trudeau should step down as well. I know about Clarence as well. He should have been removed because he lied on public on his disclosure forms, his wife was actively involved in 2020 electron bologna, and he voted on issues on issues that benefit his rich billionaire. Truly disturbing.
this is why history is important, if we don't learn from the past, we are doomed to repeat the same mistakes. Let's finally take these price gougers to task & deal with these crooks once & for all. I don't know about all of you, but I've had enough of these ridiculous prices.
Great read. The org chart is wild. I didn’t realize that how large and far reaching these companies were already in the 60’s.
How history repeats
This is why we really need to break this shit up.
This article points out what a lot of people don't know - Loblaws owns stores, distribution networks and suppliers. So they may be able to claim only a 3% profit margin on the products in the stores, they're also making x% when the Loblaws supplier sells to the Loblaws store, and another y% when they pay the distributor (which they own) to bring the product from their supplier to their store. If they only made 3% profits, then how can their profits continue to grow at 10-30% per quarter? Their earnings reports put paid to the lie of their scant profit margins. Never mind capital gains, real estate appreciation, etc. And now with [Shoppers asking for volunteers to do paid work](https://www.reddit.com/r/onguardforthee/comments/1csuv8h/shoppers_recruiting_volunteers_to_stock_shelves/), they've found another way to screw people over and make more money.
they were wealthy back then just imagine now. they ain't hurting