Comment on The starting salary for a new American Airlines flight attendant is low enough to qualify for food stamps in some states

• UnderpantsWeevil@lemmy.world ⁨5⁩ ⁨weeks⁩ ago

  Ralph Nader on Simple Capitalism

  “What the corporations have done is destroyed the principles of simple capitalism, that if you own something you have some control over it,” Nader said in a hulking, stentorian voice, belied by his now-stooped shoulders and 80 years. “Managers control the process and define their own mergers and acquisitions and corporate strategy without any shareholder rights, as well as how much they pay themselves.”

  Only by putting aside the bitter anger and acrimony that forces us to take sides can we break the corporate stranglehold over government and the economy, Nader said.

  You see, America hasn’t tried the correct type of capitalism. They’re stuck on Sparkling Corporatism, which is where all the problems come from.

  source