like I went to taco bell and they didn’t even have napkins out. they had the other stuff just no napkins, I assume because some fucking ghoul noticed people liked taking them for their cars so now we just don’t get napkins! so they can save $100 per quarter rather than provide the barest minimum quality of life features.
That’s the end result of a capitalist system once corporations have superseded governments in power. It will only get worse.
Yeah, we may be at checkmate. Unlike the end of the age of the robber barons, when we reformed capitalism in the late 1800s / early 1900s in the US… this time the capitalists have purchased enough politicians to stop reform completely and forever.
What’s funny is that this is entirely unsustainable. If they were in any way a real “capitalist” they would realize that the creeping authoritarianism they’re pushing destroys economies long-term. They’re laughing all the way to the bank right now because they’re not concerned with the future.
However, they should be, because this House of Cards can easily collapse with the right push. They literally can’t see past the profits at the end of the next quarter.
They literally can’t imagine that all of them choosing to undermine capitalist principles at the same time will result in capitalism failing completely. The only reason it even functioned as well as it did for so long was 1. regulation and 2. raping the third world for resources.
I mean, I’m a fucking leftist, and it makes me feel like I’m taking crazy pills that things are so far gone that I’m actually arguing “if we’re going to do capitalism, we may as well do it in a way that it actually functions properly” as if that is a fucking fringe idea here.
The wheels are about to fly off this fuckin turkey.
Yep! And their short-sighted greed is going to drive us right to the brink of annihilation. We’re staring down the barrel of environmental collapse and our leaders are generally either old enough they assume they’ll die before it gets “that bad,” and the others stupidly think money makes them immune to the destruction of the biosphere. Anyone under 50 right now is going to live through some incredibly dark times. We are all dogs in a car with the windows closed and the heater on in a Texas parking lot. Business as usual is going to get really ugly, really quickly, really soon.
The car’s on fire and there’s no driver at the wheel
And the sewers are all muddied with a thousand lonely suicides
And a dark wind blows
The government is corrupt
And we’re on so many drugs
With the radio on and the curtains drawn
We’re trapped in the belly of this horrible machine
And the machine is bleeding to death
The sun has fallen down
And the billboards are all leering
And the flags are all dead at the top of their poles
It went like this:
The buildings tumbled in on themselves
Mothers clutching babies picked through the rubble
And pulled out their hair
The skyline was beautiful on fire
All twisted metal stretching upwards
Everything washed in a thin orange haze
I said: "kiss me, you’re beautiful -
These are truly the last days"
You grabbed my hand and we fell into it
Like a daydream or a fever
We woke up one morning and fell a little further down -
For sure it’s the valley of death
I open up my wallet
And it’s full of blood
We are all dogs in a car with the windows closed and the heater on in a Texas parking lot.
except you are human and not a dog and you could take care of the problem with any kind of weapon but you chose not to do anything out of convenience
I wish this were true but good guys with guns are pretty easily stopped by megacorps with security staff
number of people in the world > megacorps and security stuff
And the politicians with police.
Unfortunately their house of cards is built on a foundation of wealth…and not just fuck you money, but literal centuries of fuck you money.
The fortune 50 I worked for could literally stop doing all business and maintain their current spend for a century and still be solvent.
This isn’t unstable at all…it’s built to last for 100s of years…the current leaders to their grandkids will be safe.
To further that…the 1% have private armies and well stocked bunkers to ride out any social uprising. That’s the really scary stuff.
We are all fucked though. Enjoy the hunger games.
Those armies are going to want to be paid and that’ll be hard to do once currency has no meaning. If we are going to go that route. As a matter of fact, a bunch of the 1% have recently had meetings with “experts” on ways to keep their hired mercenaries from turning on them once things truly collapse.
once currency has no meaning.
You really think those bunkers are filled with cash Scrooge McDuck style? They’ll have food, guns, and likely lots of gold. They’ll also very likely be sustainable.
Keeping the mercs fed and happy is a trivial thing.
what future?? why would they think of anything long term?
they are cashing in while earth can still support human life.
That’s the thing, though, they don’t care about the future. They only want to maximize today’s profits.
Tomorrow is someone else’s problem.
I don’t know how to solve this problem without a massive peiod of hardship for everyone until the societal parasites finally feel the pain , but the cause is pretty obvious.
Thank you! I’ve been reading the responses and many of them hit the mark, but yours is the only one mentioning the sbortsightedness of it all. My brother and I have had many conversations about this subject and agree that part of it has to be some kind of collective brain misfire for the lack of a better phrase, that happens to organisms that get to the level we’re at, since everything that we build moves faster than evolution will allow our brains to adapt to, and while we see all of this as a mistake we’ve made or a small subset of us being greedy and upsetting the apple cart, I posit that it is just our species finally reaching a bottleneck that all species eventually face. We just artificially pushed the ceiling further and further upward so we didn’t see it. I think we are starting to see it though and it’s unlikely that we can do anything to stop from hitting it now.
Money can be an addiction. billionares are basically junkies with mental problems, do not expect them to follow any sense or logic
we may as well do it in a way that it actually functions properly" as if that is a fucking fringe idea here
Yes, CIA, this post right here.
I think really rich people do think in long terms / generations and aim for a feudal system, which can be stable (like in the middle ages).
However, I personally don’t think that a feudal world with nukes will be stable very long.
I also think, that many rich people overestimate their amount of control in a totalitarian country (despite billionaires already disappeareing in China and falling out of windows in Russia).
This goes back to the original sin. It’s stupid to be evil and greedy. The latter is the foundation is their entire ideology is built on the former is the mortar holding together the bricks of other people’s labor their house is built on.
Uh, didn’t the rich rather famously buy political influence back then as well?
Yes, but not at the same scale. They’ve become masters at it in the modern age.
I dunno, from what I’ve read about political machines in the gilded age it was really just as bad back then.
People worked 12 hour shifts 6 days a week back then with no minimum wage. A lot of people lived in company towns and didn’t even get paid in real money. Child labor was legal and widespread, although some shit hole states are getting back to that.
Things are bad now but anyone who thinks it’s as bad as it was in the gilded age is either delusional or extremely ignorant. There’s a reason the progressive era happened, people were pushed beyond their limits and propaganda couldn’t make up for that anymore.
It helps that the field of psychology has come a long way, and it helps further that being a psychologist to help people pays peanuts, but being a psychologist who helps write ad campaigns to make sure the ads have the most psychological impact pressuring people to buy pays big bucks.
Time to sharpen the guillotines again…
Hey man, the FTC is doing anti-trust like nobody’s business for the first time since gods-know-when. It’s not a silver bullet, but it’s progress for the first time in forever!
Only 45 upvotes, Lemmy be slipping.
We’re slowly hemorrhaging users. Pretty much all of us upvoted it.
I have noticed. Imma post even harder now. /s
POST HARDER!
(I’ve been posting hard for a while. It gets a bit dispiriting tbh)
I’d love to see a rise in quality OC. Migrating and reposting content isn’t always the answer.
Other platforms have an undeniable wealth of knowledge and a history that’s over a decade long.
That doesn’t mean we can’t make something great out of this. I just know that I’m not the best content producer.
I mean, hypothetically. That is the end result of the neoliberal, or late capitalism economic philosophy if applied on a model. But economic systems in practice are never the philosophy, and are only there in the first place to support the governance of a nation state. I spend half my time in Italy, for example, where the laws protect both the big international brands and the mom and pop shops.
My point is that we are the citizens that make up the government that designs the governance rules for our nation-state. Capitalism is not a government, or people, or the entire story when it comes to commerce and trade systems. We can shape it and use it, like any other framework.
Likewise, regardless of your economic system, greedy people will try to accumulate power, bend the rules to benefit themselves, and extend those benefits across borders if they can. Powerful egos will warp people and rules around them like gravity. All governance systems that strive to be just, collaborative and promote the quality of life of all its citizens have to both put strong rules in place to check the power-hungry, and constantly monitor and adapt to keep them in check.
“…we are the citizens that make up the government that designs the governance rules for our nation-state.”
No we’re not. We only have the illusion of control where we are allowed to vote on how to tinker with the outer edges of a system that is in reality controlled by 0.1% of the population.
Certainly the end result of financialised capital.
You load 16 tons, what do you get?
Another day older and deeper in debt
St. Peter, don’t you call me 'cause I can’t go
I owe my soul to the company store
Much as I love that song, it doesn’t really apply to the OP question, which is more about companies exploiting their customers rather than their workers.
I think what a lot of people are saying is that they do both, exploit their customers and their workers.
And at least in food, it’s the same eight companies that own everything…
In a lot of towns your only grocery option is Walmart, unless you wanna drive 1+ hours. In small towns/villages you might only have a dollar general within that distance. Large corporation slaughter small businesses when they move in.
See also The Walmart effect
It’s true, but it’s also because small businesses often suck and exploit their communities, so people just stop shopping there when they have better options.
I’m not sure why so many people have rose colored glasses on for mom and pop stores, but they are just run by people trying to make a profit off of a community same as anyone else.
Some are, some aren’t. Just like how some large corporations do things way more ethically than others. It’s wrong to say that Valve is as evil as Eli Lilly because the former cares much more about consumers, and the latter cares way more about margins. Within my local community, I’ve seen a much higher proportion of businesses that try their best to serve their community, but just like every other business, a good portion just does not care. My theory is that most communities are similar, so mom and pops get a much better rep than large companies.
Workers are consumers.
That is what people miss. This is “the system”. It starts and ends with government and “we” chose this (I’m Canadian, we have similar issues but not as extreme, yet).
By continually voting in sociopathic narcissistic social climbers as both public and private sector policy makers (think of shareholders and corporate governance boards) we ensure the system is rigged for the top dogs.
The truth is the system could work in the average person’s favour very easily but it would mean limiting some personal freedoms; mostly of very, very rich people. It also would require the average person to get off the “everyone is exploiting me, so I need to do that to them first” treadmill.
Many people have never been on that treadmill (never had the chance or donate excess income or time to local food banks, etc).
The very, very rich don’t care. They simply maximize the profit in any situation. Put them in prison and they’ll give out legal advice for cigarettes and turn that into a burner phone they use to call their Cayman Islands broker.
It’s the upper/upper-middle people who will feel the pain as income is redistributed to poverty stricken people. And if we just impose ubi without fixing the “CEO problem” it will simply lead to inflation. Sucess of ubi programs is entirely due to it happening in a local market. Expand globally without fixing capitalism and you get inflation.
A socialist approach that still allows significant room for upwrd mobility (e.g. CEO can make up to 10x minimum wage, as a non-expert guess) with some type of employee representation on the board of large businesses (state imposed labour union) would probably do it.
Then make ubi contingent on minor public service with free daycare that you can use when performing said services (exception if you have more than 2 kids under 12, or are disabled in some way) say two days a week (networking, activity, build resume) would be a brainstorming idea to workshop.
That’s how our economy works, how it’s always worked. Get on the hamster wheel and don’t stop for 45 years but take breaks to spend what little money have to keep you in enough debt to stay on the hamster wheel for 45 years.
And it seems that “our corporate masters” don’t understand that underpaid or laid off people don’t have the purchasing power to buy more stuff.
In their relentless pursuit of profits, they are killing off the ability of people to be customers.
Just give em a subscription then!
They don’t even give them 50% of meals anymore, for a full shift.
I think what this comment is trying to say is that we’re headed towards an age that resembles what that song talks about: An age of unfettered capitalism, with a small number of corporation owning so much of the market that they can do what they want with no repercussions.
Okay but that song is from like a century ago and mostly things haven’t changed much in that time. Certainly we don’t have company stores/scrip anymore, but the grim outlook that song has on the world is still fairly accurate.
the song is about debt bondage from last century lol look up Company Towns
Bro. We are already there. The tobacco industry sued Australia for fighting to keep graphic pictures and descriptions of lung disease/cancer on cigarette packs and WON. Against the entire fucking government of Australia.
the song was about company towns where the laborers were paid in store credit instead of wages. you’d work, but never pay off debts, since it all went back to the companies who set the prices for everything you buy, and so they were able to keep you on a tight leash.
That’s how it feels like things are going now. a few companies own everything, pay our wages, and set our prices. we cannot get ahead.
16 napkins
I love Joe Vs. The Volcano (where this song is featured) because it really encapsulates the idea of the song.
Because stocks kept trading at higher and higher P/E ratios essentially saying “the market thinks this company can make much more money in the future than they are making now.”
The problem is, most companies couldn’t, and as we have hit a recessionary phase those companies are now scrambling to try to show continued growth justifying their price.
The way they do that is by cutting off their limbs and selling them for short term cash at long term consequence.
So you see them cutting costs in all kinds of ways that screw over their customers but can show quarterly profits. Even though it means customers may not stay customers if better options appear.
So we are in this sort of pendulum swing period where large corporations suck because there’s effectively no competition that doesn’t and sucking is the last way for them to squeeze water from a stone. The natural solution is that we’d see competition rise up that doesn’t suck to take their customers away and force pro-customer changes.
This likely will eventually happen, but it’s going to take time. There are emerging tech trends that will accelerate it, but are still a few years away from practically changing the equation.
In about a decade things should suck less, and a number of the crappy companies around right now may no longer be around, but in the meantime it’s still going to suck for a while yet as things adjust to the dying of the old guard and birth of the new.
I don’t really agree with this. It is the answer that I think classical economics would give but I just don’t think it’s useful. For one, it ignores politics. Large corporations also have bought our government, and a few large wealth management funds like vanguard own a de facto controlling share in many public companies, oftentimes including virtually an entire industry, such that competition between them isn’t really incentived as much as financial shenanigans and other Jack Welch style shit.
Some scholars (i think I read this in Adrienne bullers value of a whale, which is basically basis for this entire comment) even argue that we’ve reached a point where it might be more useful to think of our economy as a planned economy, but planned by finance instead of a state central authority.
All that is to say: why would we expect competition to grow, as you suggest, when the current companies already won, and therefore have the power to crush competition? They’ve already dismantled so many of the antimonopoly and other regulations standing in their way. The classical economics argument treats these new better companies as just sorta rising out of the aether but in reality there’s a whole political context that is probably worth considering.
Good point well made. I think it’s usually naive wishful thinking (for a “just world” that makes sense and is going to be OK, actually) that allows a liberal capitalist apologist to point to classical economics and say “see the companies are hurting,” but the companies don’t have feelings, and the owners and shareholders are feeling just fine.
I woukd say it’s even worse than that: Free Market only works if humans behaved in a certain way (the so called homo economicus) which has long be disproven by Behavioural Economics and in Markets with low barriers to entry (i.e. teddy bears or soap, not railways or internet service provision) and even then it can’t deal will systemic problems (basically any Negative Externality such as Polution or Greenhouse Gas emissions, or over consumption of share resources - a.k.a. Tragedy of the Commons - such as with overfishing or in depletion of mineral resources).
People have been fed by politicians and think-tanks with shaddy funding an oversimplified theory that sounds amazing if you do not at all dig into the details, whilst not actually working in reality, not even close, but of course you’re never be told that by the people who win the most from the system built on top of this theory.
(It’s actually funny how this is the Capitalist mirror of Communism: beautiful high-level theory, never worked and can’t work in practice - because people are as they are, the physical world is as it is and human systems work as they work - and the people whose priviledges come from the system created to implement said theories will never ever tell you they don’t work and never will even after a half a century experiment: in fact they’ll just tell you it’s only not working as expected because it has not been done with enough “purity” and hence we need to double-down to make it work)
I disagree on your expectations for improvement, though agree on the rest.
There are lots of markets with natural barriers to entry were there isn’t any realistic chance for a new competitor to arrise and even if one did thanks to, say, some new technology, they’ll almost certainly only “disrupt” until they became well established and then do the same as all the rest because that maximizes profitability (just look at Uber a decade ago and look at Uber now).
Then there are lots of markets were crooked politcians (which nowadys seems to be most of the ones in the mainstream parties) make sure there are artificial barriers to entry so that well-connected companies are protected from competition - pretty much any market were an operating license is required, such as Banking and Mobile works like that - and that too means no costumer-friendly competitors will arrise in such markets, ever, because the gatekeeping which is in the hands of said crooked politians stops them before they even start, and said political gatekeepers couldn’t care less about consumer-friendliness of market participants and they’ll only change their ways if forced to politically and that’s not going to happen in countries with voting systems designed to maintain a political duopoly such as the US were the politicians rarelly fear losing their positions, especially on complex hard to explain things like how consumers suffer from them “maintaing high artifical market barriers to entry”
In the old days, before neoliberalism got entrenched, you might have such natural or artificial monopoly or cartel markets occupied by a Public company, which due to the lack of competition quickly grew inneficient (in my professional experience the same happens in Private companies in such a situation, by the way), though cheap, and on which there was often political pressure to improve. Now you have them occupied by Private companies who are driven solely by profit-seeking, so it’s still shit (because they cut costs) only it’s also expensive for customers rather than cheap (because they try to squeeze costumers with high prices) and suffers zero political pressure because the politicians hide behind the “It’s a Free Market” to refuse to regulate whilst secretly waiting for their Non-executive board memberships as rewards for being “friends of business” - a wonderful example of all this are Railways in the UK.
this sort of talk will get you killed in the revolution, fair warning.
🙄
Huggies went up in price, but their cost of manufacturing actually went down.
It’s got nothing to do with profit margins, it’s just pure greed. Also, the law requires that publicly traded companies be greedy.
Also, the law requires that publicly traded companies be greedy
The law doesn’t actually state you need screw over your customers and maximize profit. It says that executives have a fiduciary duty, which means they must act in the best interest of the shareholder, not themselves.
That does not mean they have to suck out every single dollar of profit. Executives have some leeway in this and can very easily explain that napkins lead to happier customers and longer term retention which means long term profits.
It’s purely a short-term, wall street driven, behavior also driven by executive pay being also based in stock so they’re incentivized to drive up the price over the next quarter so they can cash out.
Yeah sure, but then you could also say the same about a private business. The CEO works for the business owner, whether the owner is private or public stockholders.
But the reality is that publicly traded companies end up being far more greedy and profit driven than private businesses. In particular, the greedy private businesses tend to taget an IPO, while the more conscientious ones remain private.
How does the law require them to be greedy?
I just assumed that it was shareholders.
Maybe not an exact law to be greedy but aren’t they legally responsible for acting in the interest of the shareholders not the consumer
Not technically a “law”…
“The shareholder wealth maximization doctrine requires public corporations to pursue a single purpose to the exclusion of all others: increase the wealth of shareholders by increasing the value of their shares. However, a company should be committed to enhance shareholder value and comply with all regulations and laws that govern shareholder’s rights.”
The" however… " part is largely ignored, except for when it benefits shareholders.
The “however” part you quoted explicitly mentions following the rights of shareholders. From what you described, there’s literally nothing else in the doctrine to ignore.
nothing to do with profit margins, it’s just pure greed
???
Maybe I should have said “it’s nothing to do with maintaining profit margins” against rising costs.
Gotcha, that makes sense.
Lack of competition against an embedded brand name. Change brands.
The brands shuffle their designs to stay ahead of IP laws. Gillette made the definitive shaving razor in 1901, the patent subsequently expired and anyone could make it, now they make new razors every few years to stay ahead of the curve.
With nappies, the correct answer is reusable nappies. It sounds gross, but when you’re a parent you quickly learn to deal with all kinds of shit.
You also get funky designs and stuff. The insides are interchangeable, the oustides are fashion.
when you’re a parent you quickly learn to deal with all kinds of shit.
Depends if you have a second washing machine because you’re now creating a new waste and different expense. Also depends on how much time you have and every dual income family answer the same. None. So no the generalisation that reusables are the solution is not accurate at all. I’d prefer biodegradable nappies any day. The washing machine goes over time as it is with the 14 outfit changes every day.
2nd washing machine?? How many people do you know with 2 washing machines???
“Biodegradable” is a marketing term.
I’m not knocking people who use disposable (biodegradable - HAH) nappies, but that doesn’t mean that washing reusable nappies is something impossible for most people. If anything, disposable nappies are a relatively new invention.
Maybe with current electricity prices the maths has changed, but washing reusable nappies worked out far cheaper for me when my kids were using them.
Actually at least two families who have small children AND reusable nappies.
I don’t care for the “marketing” I mean it from the actual definition. Plus where I live companies are held to account for label based claims. So sounds like a US problem tbh.
So you have small children and both parents are working? Notice the plurals. We found with one baby it’s easy enough however the moment we both went to work and even more so with two babies it was impossible extra workload. Out of the friends and families in my circles the ONLY (2 families) that use reusable are the ones with a dedicated stay at home parent. Which is becoming rare more than ever.
Unregulated capitalism.
I cant wait to be arrested for not noticing the napkin dispenser is empty fast enough
there wasn’t even a dispenser lol felt like i was going crazy
I’m incredulous.
You’re right in that taco bell wants to maximise profits, but surely the provision of napkins allows them to produce more profit.
I mean a lot of companies are doing a lot of shitty things worthy of criticism, but I don’t think that this is one of them.
const_void fighting the good fight at…checks notes… lack of napkins…….
Yes… capitalism…and not consumers who just don’t care.
You’re gonna get a lot of downvotes but people really are too pacified by binge watching Survivor while scrolling through TikTok. People don’t get angry about the shit that matters, not when it’s much easier to be angrier about Star Wars not being good anymore.
This is by far the biggest problem - most people don’t put up with that shit and will publicly murder a company that tries it on.
It’s just this one country, you know, the one with the guns, that rolls over to get their bellies scratched when the billionaires come knocking
The billionaires are just like us folks, they drive honda civics and sleep in 50k tiny homes next to their rockets.
Not even that, just a government that doesn’t care.
A gov is people, if you’re being ruled by your inferiors then it’s time to step up and lead, but people won’t. Easier to bitch. Myself included.
It’s both lack of regulation and lack of consumer activism.
because somehow our economic system says that a company is only successful if it’s growing, not if it’s regularly turning a profit every quarter. at least, that’s my understanding of it. so, they have to do something to generate something that looks like growth somehow
It’s pretty simple. Because we are all so spoiled and entitled that we won’t even consider NOT buying their shit anymore. It’s the same reason the video game market has grown rampant with micro transactions. They keep pushing the boundaries, and we keep giving them our money regardless of what they do. I’m actually curious to see how far they can push this insanity. They already slap a new year on sports titles every year and somehow sell the same game to the same people annually.
PUT YOUR WALLET DOWN.
The amount of people on Reddit who shill for companies like EA and Activision is shocking.
Once wrote a comment on the lines of ‘sadly, British gamers mostly have terrible taste in video games, 90% of us don’t give a shit about anything unless it’s GTA, FIFA or Call of Duty. We literally reward companies for shitty consumer practices.’
Most of the replies I got were calling me an asshole and were acting like I’m trying to police what people can like/dislike.
But still, Electronic Arts make record-breaking profits because… EA Sports: It’s In The Game (you bought last year)
Any platform you find corporate asshole lickers. They are the worst.
We also all (in the US especially) collectively choose Chinese made products over domestic options as if the only consequence is that we pay less money and are thus a savvy customer … helping destroy a huge portion of the middle class that worked in manufacturing.
Maybe the robots would’ve gotten things where they are now eventually, but nowhere near as fast.
Best one of the newest releases is Street Fighter 6. Not just a full price game with a yearly season pass, which is fair for a service game and additional content, but also more frequent battle passes and the cherry on top, not only you pay for additional costumes as before, but each character has only 2 colors available. How much for a simply different RGB value you might wonder, a whopping over $100 for all colors. Didn’t buy this well executed game, because I refuse to partake in this.
This set the precedent for Mortal Kombat 1 DLC which is also filled with high cost and still charges outrageous money for new Fatalities.
At this point thought can we really victim blame? Like were all just advanced moneys and it turns out almost every monkey in this environment will get addicted and capitilists are happy to use that maliciously.
It issue is systematic at the least, and I can almost gaurentee won’t be solved in the next century by a couple people voting with just their wallets
It’s both. We are both simultaneously capable of free will, yet are also products of the universe that created is. So my answer to your question, in my humble opinion, is yes. Yes, we can victim blame while simultaneously lamenting the corporate landscape.
Let’s make this simpler. This corporate greed is a problem, yes? What actions have you taken to remove this problem?
Agreed. This is why I download mp3s and buy CDs still. Radio and Spotify streaming is good, but honestly, a better idea or service would be free group book reading events and coffee, help those budding writers etc to share ideas and increase the entropy and size of our universe lol
We’ve let our companies grow too large, giving them the ability to put the screws on us. Also competition isn’t really happening in many fields, as ask the companies are owned by pretty much the same people.
Why do you think there isn’t more competition? I was wondering if it was too much red tape/legal risk to start up a business. Everyone is saying how greedy these companies are, so they must be charging way more than a fair price, which means an average Joe should be able to step in and provide the same stuff for a fair price.
For a lot of cases the answer is lobbying, e.g. in medical/healthcare there’s practical 0 competition for a lot of products because of anti-competitive laws like really shitty intellectual property laws that let prices be controlled by few (collaborating) companies. Plus there’s a lot of things that are technically illegal, but in practice laws only apply to the poors so they’re not really illegal for corporations: https://en.wikipedia.org/wiki/Anti-competitive_practices#Types
quite a few of them are “natural monopolies”. for those unaware (source):
A natural monopoly is a type of monopoly in an industry or sector with high barriers to entry and start-up costs that prevent any rivals from competing. As such, a natural monopoly has only one efficient player. This company may be the only provider of a product or service in an industry or geographic location.
ie, cable companies, electricity suppliers, amazon. it’s really complicated and really expensive to build the infrastructure needed to meaningfully compete in those industries.
another relevant concept is the “network effect”, defined as (source):
a business principle that illustrates the idea that when more people use a product or service, its value increases.
this kind of thing is more applicable to things like social media companies (they’re more appealing the more users they have). this makes it hard to compete with social media companies because convincing people to use your new app is really hard if the usefulness of it depends on everyone’s friends already being on it. (this is also part of the reason twitter is taking so painfully long to die)
both concepts illustrate the different barriers to entry that exist when trying to compete with these giant companies. these barriers are also what allow these huge companies to get so complacent.
(i’m not happy about quoting investopedia or wharton, but they do give simple definitions of both concepts so i did it just this once.)
The Average Joe rarely has enough capital to start a promising enterprise and when they do manage to, they get bought up by the very same corporations they were trying to compete against.
We’ve reached a point where corpos can just buy out the competition and do whatever they please to it.
And it’s not even a greed issue, really. The system is kill or be killed, a corporation that doesn’t do this sort of shady thing won’t make as much money and will be bought out by others that do.
We have to change the rules of the game.
Competition goes way down when all the different companies are owned by a very small set of huge companies. And for these companies it’s easy to setup cartels and just simply not compete and jack up the prices. Competition happens when the companies must make a profit or die, not when conglomerates can trust that they’re the only game in town.
in dodge v ford the supreme court ruled that publicly traded companies must put profits first above their workers and the the build quality of their products.
That’s a bad take. The case actually affirmed business judgement rule: the idea that the guy running the company knows how to run it better than the shareholders. It’s part of why post-war America is considered the golden age of American manufacturing: Publicly traded companies invested in their employees and wages exploded across the board. A 100 year old court decision isn’t the primary driver on a problem that’s really only developed in the last forty or fifty years.
Jack Welch of GE really set the current tone of “all that matters is stock price”. The 80s saw greed transform into a virtue
There’s a great behind the bastards podcast episode about this guy!
I think it’s come about due to the state of universities and the stringent belief that a pursuit of knowledge above all else would somehow land you a good job. You’ve got to want to do the job or genuinely enjoy the work first.
Just consider that the same people in the Middle East who are matchmakers and run big data collection corps also run the whole breakups shake up.
Interesting…
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I assume because some fucking ghoul noticed people liked taking them for their cars so now we just don’t get napkins!
They were probably just out and too busy to restock or something. It happens. Never been to a fast food place where they don’t provide napkins and I steal napkins from the taco bell I live near regularly. What a weird overreaction.
Ya, this whole thread is unhinged. Very strange.
A lot of people are responding to the title, not to the body of the post.
Why was there no napkin dispenser? Dunno could be a lot of things.
Why does everything get progressively shittier under capitalism? It’s probably not related to the napkin dispenser specifically, but everything under capitalism gets progressively shittier.
Maybe. But there’s a lot of “They’re coming for your napkins to maximize profit!”
Welcome to lemmy. I hate big corporations but some of the people on this site will blame amazon when they stub their toe.
So don’t shop there! They’ll do the bare minimum that still brings people in; the only remedy is to show them they’ll lose customers.
Wile this is something that can be generally applied to fast food restaurants, this is a problem with basically all industries, many of which exist in a space where their customers are stuck with them. EG a lot of people are stuck with walmart because they are often literally the only place around or the only place around people on the lower half of income can afford.
Same with those dollar stores. They come into poor areas and drive out the small local grocers, then you get a worse product and it’s your only choice.
For the masses Dollar General is not a dollar store. That place blows.
Dollar Tree is the closest large chain that still adheres to cheap as fuck goods but the quality is super shit as expected often with quantity reduced to essentially match regular goods when bought in bulk anyway.
Family Dollar next best with discounts but not great.
Dollar General is often more expensive than regular stores.
Yes, they also work in a fashion where they don’t truly step on the toes of walmart, lest they also be crushed.
My local grocery chain is a lot better quality than Walmart in some respects. But, the price tag is usually much steeper. Thank God for Aldi’s.
I like to support the little guy when possible but when it makes your monthly grocery bill $1,200 instead of $900, that’s a tough pill to swallow. That $300 wouldn’t necessarily break the bank for me but it’s a lot of money to a lot of people.This is also a big reason that many Americans have poor nutrition. Processed junk food is cheaper than healthy food. Presenting better lifestyle or diet “choices” is an illusion when you have to have money to make those choices.
I’m in Canada. I’d love to be able to say I can totally ditch Maxi or Super C and stop supporting Loblaws and the Weston family, or Metro or Sobeys, but that would mean choosing either buying shittier produce from one of the large discount alternatives (Walmart, Super C, or similar) meaning I’d be encouraging another of those large super vertically integrated grocery chains that are driving up cost regardless, or accepting to pay 1.5x the price for all of my groceries.
Fresh produce I can get for not too expensive from farmer’s markets while in season, but for the rest, I have to choose between expensive local grocery, expensive grocery chain, or budget grocery chains that are owned by one of the expensive chains anyway.
It’s past Thanksgiving and I don’t even celebrate it, but I’m so fucking thankful to live in a European suburb. There is a small general store just down the street, two bakeries, a butcher, a car mechanic, a tire service shop, a bike service shop, two schools, two playgrounds, and too many smaller businesses to count. All within ten minutes on foot. Also three stops for six bus lines, safe sidewalks, and safe bicycle paths, so basically /c/fuckcars’s wet dream.
Even they are pricy, once the competition is quashed.
More importantly, don’t work there. Giving your labor to these businesses is just as bad, if not worse as spending your money there.
These are both really easy sentiments to have. In the real world, we eat the food we can afford and work wherever will hire us.
100% this. Lots of people don’t have options.
This is why we need UBI stat if we want to reverse this trend. People everywhere are being backed into corners by the unaffordability of everything and their desperation is being exploited by places like Taco Bell, Dollar General, Walmart, Amazon and is effectively forcing people to panhandle and do crime. By having the leeway to look past how the heck you’re going to feed and take care of yourself and people close to you, it opens up opportunities that the middle class takes for granted and things that weren’t even a question to the upper and elite classes.
“the food we can afford” is not descriptive of Taco Bell
Dude. Have you been to taco bell? You can get a well over 2000 calorie meal for like $15
And you can do that much more healthfully for a third of the price cooking at home.
The problem then becomes a lack of shelter, in addition to quality clothing and quality food.
those greedy bastard taco bell employees
Because you won’t do anything to hurt their bottom line, basically.
Stop eating at Taco Bell and make your own damn tacos at home. Better yet, go buy some from a family-owned taco truck instead.
Yeah, I don’t eat at Taco Bell when I’m in the mood for tacos from a street truck. It’s like two entirely different types of food.
There is Mexican food, there’s Tex Mex, then there is Taco Bell. They’re not really all comparable 1:1:1. I love me an al pastor taco from a truck, but some days I’m not in the mood for a real taco but rather the ersatz tacos they have at Taco Bell.
See my stoned Canadian ass doesnt have any taco trucks nearby, but the bell is always there
(but I gotta agree its far from authentic, its like a good smoked burger vs bigmac)
That’s a shame. I live in an area where I have access to authentic food of so many different ethnicities, and it is wonderful.
I can’t imagine how boring life would be without multiculturalism.
Extra points for ersatz
I have taco tortillas. What do I put inside? Any good recipes?
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Taco trucks are so good right now. They’re not wasting money on unused dining room space so lots of meat!
This individualist approach simply does not work in practice as has been demonstrated time and again. The problem is a systemic one created by the mechanics and incentives of the capitalist economy. The solution is to work towards an economic system that doesn’t create perverse incentives inherent in capitalism.
My satellite TV (Sky TV … UK) subscription ended recently and they would not give me any sort of deal to sign a new contract, Come black Friday they a spamming me by email and every type of advert for great deals for NEW Customers only!
I called SKY to cancel and they offered me a better deal but we’re going to charge me an admin fee to sign a new contract, they wanted me to pay them to sign a contract with them!
I told them that it was not acceptable and cancel my service, having been put through to “my manager” they eventually waived the admin fee…
How has it come to this, I’m an easy customer, I am happy with the product, I’ll sign a contract if it’s a good deal, but they went out of their way to lose me
Because for every person like you that jumps through hops to get a new deal there are lots of people who just passivelly let the renewal happen under inferior conditions that they could have got if they tried.
That’s also why they put stupid hindrances in your way: such things cause many people to give up and just go along with a suboptimal renewal, ergo they make more money from acting thus than they lose from clients who say “enough is enough” and drop them (notice how you did not drop them - they lost nothing from giving you the run around and could’ve gained if you had given up and renewed with the shit conditions: it’s pretty much a can’t-loose situation for them)
I lived in then UK for over a decade and one thing that stood out when I moved from the The Netherlands to the UK (already more than 15 years ago) and from the UK to Portugal is how much more the larger consumer-facing companies in the UK did the most that they could to take advantage of people’s mistakes or laziness than in those other countries - I remember a particularly sleazy gym membership contract from Virgin were per-contract (I always read those things) the only way to cancel it before the yearly auto-renewal was to contact them during a specific week before renewal (2 weeks before end of contract if I remember it correctly), not before nor after.
Over the whole time I was there, a handful of the most outrageous abuses when it came to consumer contracts were plugged (the one I remember the best was the creation of a rental deposit insurance to stop tenants from losing their deposits at the end of the rental agreement, as before that landlords would often just keep it all for no reason and then the only option the tenant had was take it to Court) but the whole posture of taking advantage of costumer laziness and normal mistakes (auch as, forgetting a date for canceling and auto-renewal) was widespread in the UK compared to other countries I lived in.
As it so happens, people themselves were also to blame: I remember how amazed the rental agency guy was that I actually read the Rental Agreement and even demanded corrections before I signed anything - “Nobody reads these”, he said - when even at the massive daily rate I was paid back then for my work it was still worth it to spend the 1 or 2 hours reading a contract were I was assuming a commiment of at least £15k (at the time a “reasonable” London rent for a year).
Me in your position would’ve just said “fuck this”, cancelled SKY and gone without (and I have done it for some things were I felt the other side had abused my trust, such as closing my account with my first bank in the UK the one and only time I was charged an overdraft fee), mainly because my early adult years happenned mostly in The Netherlands so I have their style of demanding consumer rather than the more passive and willing to overlook these things style common it the UK.
Absolutely terrible news bro I feel for you.
Because your rights have been eroded by decades of deregulation and lobbying. And because publicly traded companies are legally required to maximize profits at all costs.
It’s the enshittification of the entire country.
See enshittification.
