Yeah, Ford was horrible, but that’s one thing that’s reasonable about Fordism. He knew that if he payed his employees well enough then they’d have money to spend. I don’t know how the idiots who are wealthy today don’t get that, but they assume their wealth is infinite and comes from nothing.
kelpie_returns@lemmy.world 3 weeks ago
This reads like the wealthy realizing, in real-time, that the poor can’t spend money they don’t have, more than anything else. Like, no shit, dude.
Use your privileged position to make actual change if you care so much. He doesn’t though, so he’s not going to. Instead, he’ll make sure we all know that we can get an entire combo for only $5. Wow! Truly a hero of the down-trodden, this fucking guy. I’d love to be proved wrong, but we all know where this is headed. His virtue signaling doesn’t change that, just like it doesn’t change that stunt he pulled with potus and all that it so clearly represented. Just more mealy-mouthed lies from another worm in a suit’s all it is.
Cethin@lemmy.zip 3 weeks ago
SoftestSapphic@lemmy.world 3 weeks ago
Seriously, this is Economics 101 shit and everyone in a position of power just pretends it doesn’t apply for some dumb ass excuse.
The more money people have, the more they will spend.
The more money spent in an economy, the more things are bought, the more opportunities for others to start businesses and make profit present themselves.
The system works better for everyone when money keeps circulating. That’s why UBI is becoming a popular solution to this problem.
The majority of money is stagnant in the US.
It has been siphoned from the working class and is currently kept in the assets of the rich.
And it needs to be redistributed for the system to work well again.
goatmeal@midwest.social 2 weeks ago
It’s like the prisoners dilemma. We were top left. Some companies thought they could pay less and still reap the benefits of other employers paying well, now everyone does that we’re bottom right
DrFistington@lemmy.world 3 weeks ago
Hey let’s spend 20 million to market a ‘deal’ that will actually end up making us $100 million due to the increase in patronage. Remember, we can’t survive as a company if we don’t double shareholder earnings every fucking year in perpetuity
rocket_dragon@lemmy.dbzer0.com 3 weeks ago
If only someone warned them about this!
TheLeadenSea@sh.itjust.works 3 weeks ago
Yeah, that’s like, the most classic of Marxism
Revan343@lemmy.ca 3 weeks ago
Pretty sure Adam Smith and Karl Marx both understood that one
InternetCitizen2@lemmy.world 3 weeks ago
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PapaStevesy@lemmy.world 3 weeks ago
Even Henry fucking Ford understood that
SabinStargem@lemmy.today 3 weeks ago
I think a lot of capitalists would believe the two to be mortal enemies. I suspect that they would enjoy debating their ideas over a cup of joe and tea.
gloktawasright@lemmy.world 3 weeks ago
Gone are the days of well educated elites. Now we have the scourge that is the putrified remains of ruling class’s shit.
Enlightened self interest? How about unchecked greed and moral bankruptcy instead?