They care about being able to hire labor, which we provide, and they care about revenue and profit, which we also provide. Not defending any behavior, but the consequences in a healthy economy would largely come from customers, potential and current employees. Failing that, large issues would be overcome by regulations, or at least enforcing existing ones (codified rules against monopolies, for examples, are just words if not enforced).
Without consumers willing (and able) to make sacrifices (like paying higher prices) to reward good corporate behavior, and to avoid companies with purely short-term profit motivated behavior, this is what we can and should expect. Nevermind companies are rewarded by shareholder and investor support based more on profits than.how those profits were made, especially when many of those shareholders feel forced to turn to the stock market to fund their retirement, as pensions are so increasingly a rare option.
Would voting for fresh representatives possibly increase instability in out daily lives? Is that instability a possibly necessary cost of maintaining effective regulation of the investor class that has captured our legislative system to their own benefit?
There are systemic problems at play here- not to downplay the choices this individual company made, but the focus could be on the larger forces at work. If your first reaction is that boycotts and choices by consumers and employees, no matter how organized and widespread, do not work, then I ask you, dear reader, to consider what might work to make the necessary systemic changes, and what, if anything, you can do to help make them happen.
The investor class has made it clear what their playbook is, as they have time and time again thru history: explotation, and as much of it as they can get away with. The question then becomes what us, the ever-increasingly exploited, are going to do about it.
no war but class war.
wrekone@lemmyf.uk 6 months ago
Thank you for eloquently saying what I often struggle to convey. I’m saving this comment for later reference.