That’s where massively overinflated exec salaries, “contractors” conveniently owned by shareholders and their friends, financial tomfoolery, etc. come in.
I’d actually argue most of the overinflated price in companies comes from these “willing inefficiencies” that rich people use to siphon profit off into their own pockets specifically because only getting 10% of the free money isn’t enough and the greed can never end.
Oh for sure, there was that study on the price hikes during the supply chain disruptions when COVID really started to kick off that found that 60% of the price increases were attributable entirely to naked corporate greed.
Honestly I’m shocked it’s not higher with what their prices are.
That’s where massively overinflated exec salaries, “contractors” conveniently owned by shareholders and their friends, financial tomfoolery, etc. come in.
I’d actually argue most of the overinflated price in companies comes from these “willing inefficiencies” that rich people use to siphon profit off into their own pockets specifically because only getting 10% of the free money isn’t enough and the greed can never end.
Oh for sure, there was that study on the price hikes during the supply chain disruptions when COVID really started to kick off that found that 60% of the price increases were attributable entirely to naked corporate greed.
One of my favorite pro-union arguments is rich people most certainly unionize themselves. Capitalists are the real lazy bureaucrats.