Comment on Strikes aren’t bad for the US economy. They’re the best thing that could happen
algorithmae@lemmy.one 1 year agoI legitimately don’t understand why this is such a hard concept to grasp. I’d gladly buy your $thing if I could afford it
Comment on Strikes aren’t bad for the US economy. They’re the best thing that could happen
algorithmae@lemmy.one 1 year agoI legitimately don’t understand why this is such a hard concept to grasp. I’d gladly buy your $thing if I could afford it
4am@lemm.ee 1 year ago
Because the way they see it, you’d have to take their money through wages in order to afford stuff. If their only liquidity is through perpetually revolving loans against the equity they hold, then their only job is to make that equity ever increase. The less those companies pay, the higher the profit. The higher the profit, the greater the dividends. They greater the dividends, the higher the stock price. The higher the stock price, the larger the valuation. Ever increasing valuation = perpetual revolving borrowing patterns = cheat code for unlimited money.
But if it ever falls apart they’ll be on the hook for a loan so big they might not be able to pay it back if they liquidate everything. So they MUST win at all costs. This is the deal with the devil. Ultimate power, but you must keep the plates spinning. One wrong move and you are collected.