We need more laws that encourage the establishment of #cooperatives over "traditional" for-profit #corporations.

Cooperatives send any profit back into the #community, reducing #inequality. Corporations gather all that money and pass it off to 3rd parties, increasing inequality and draining communities of their wealth and income.

Cooperates work to serve the community, because they are owned by the community. Corporations are incentivized to #externalize costs for the sake of #shareholders, whether that means #gouging customers, #underpaying workers, or damaging the #environment.

Cooperatives are #robust to economic disruptions, because funds are community-sourced and profit is not the sole motive for their existence. Corporations go out of business or abandon markets when there are economic crises or a #downturn makes business unprofitable.

So many of the problems we face in our economy can be addressed by encouraging the cooperative business model.

#Capitalism *literally* sucks. Publicly traded companies are required by law to look out for their #shareholders' interests at the expense of everyone else. (The technical term is #FiduciaryDuty.) In other words, their very reason for existence is to suck money out of other people's pockets (customers and workers) and put it into the pockets of shareholders. Does it ever feel like companies, including the one you work for, are out to screw you over? That's because it's their very purpose. Now you know why rich people get richer, and everyone else gets poorer. The whole system is set up to do that.

How much is Weston leg?

One day, starving people, are going to cook and eat the CEO of Loblaws. There's no other way to survive. Record profits, while people starve.. I've never tasted human flesh, pass a piece of the Weston family here, do we get PC points for a leg or arm?

Related: https://halifaxsocial.ca/@unionmaidns/109805751098491303
#Coast #Loblaws #Memo #Weston #Shareholders #Pricing #PresidentsChoice #NoName #JoeFresh #WonderBread #CountryHarvest #Gadoua #MaryMacIsaac #Marketing #PublicityStunt #Grocery #Monopoly

Still a classic.

#layoffs #shareholders #tech #capitalism #stockmarket

1. From a business point of view, Zuckerberg's big bet on the metaverse is the right one and probably will work very well for him and the long-term shareholders. #business #investing #metaverse #capital-allocation #technology #shareholders

"Costco announced that they are absorbing some of the inflated prices of groceries instead of listening to Wall Street and passing the cost on to consumers."
#costco #affordable #WallStreet #robbing #recession #bills #shareholders #profit #spending #usa
https://www.youtube.com/watch?v=UacB0QpSxT4&list=WL&index=5&ab_channel=TheYoungTurks

"As One In Six U.S. Homes Are Behind On Utility Bills Ahead Of
Winter, The Nine Biggest Utility Companies Worked To Hike
Rates In 2022 While Reaping Nearly $14 Billion In Profit And
Spending Over $11 Billion On Shareholder Handouts"
#privatization #utility #companies #robbing #recession #energy #bills #shareholders #profit #spending #usa
https://accountable.us/wp-content/uploads/2022/12/2022-12-07-Research-on-Utility-Company-Profiteering-FINAL.pdf

Olie en gasbedrijven vernietigen willens en wetens onze wereld voor de korte termijnwinst van hun aandeelhouders. Vraag mij af in welke wereld deze aandeelhouders en hun kinderen willen leven. #climate #bigoil #Shareholders

‘Investeringen van olie- en gasbedrijven kunnen leiden tot klimaatcatastrofe’ https://www.nrc.nl/nieuws/2022/12/08/investeringen-van-olie-en-gasbedrijven-leiden-tot-klimaatcatastrofe-a4150921

@thelinuxEXP Alphabet and Microsoft are similar in one thing, they have no long term thinking or Will to do so. 😏

Only keeping the #Shareholders happy...😒