mfrybeasley
101117
2192
52
#politics #wtf #capitalism #scam
Jul 17, 2022 7:49 PM
mfrybeasley
101117
2192
52
#politics #wtf #capitalism #scam
macstrat
So whatcha gonna do about it?
RideTheStimutacs
Especially be on the lookout for corporations reporting record profits while firing workers as a budget-cutting measure.
giraffinator
Capitalism is a scam
arrogantengineer
Supply down, demand up, prices up, more profits. It's not rocket science.
ChumpPresident
It’s not about profit $s it’s about profit % of sales (a key driver of stock price). If that rate goes up, yes you’re getting scammed.
Alenpinstuckinthefridge1
No. You're being scammed by peoples.
MouseCheese1
Aristocrats
Capitalism as I read about presumes certain things we know to be false. Like markets are too big to be distorted by cartels and monopolies.
K1d1caru5
I am not being scammed. I have agreed to purchase x amount of product y for price z. I don’t have to buy it. Could find other means/options
MarkySpaceMagnet
Being scammed by capitalists, is not the same as being scammed by capitalism.
Battle4ngel
Isn't that like saying being oppressed by a tyrant is not the same as being oppressed by tyranny? "Don't hate the player, hate the game."
DoubleSunMoonMoon
Stop calling it capitalism, that dredges up old battles of cap vs communism. It's Monopolies and oligarchies that are the problem.
zeiji
experiencing capitalism *
aslum
Capitalism is inherently a scam. It's only shining feature over communism is the graft isn't as obvious or immediate.
Battle4ngel
Execution is debatable, but to be fair -- going by basic principles, in one system it's considered a feature, in the other a malfunction.
thesmelge
"Scam" implies we have any say in the matter. When it's things essential to live, you don't have a choice in any of it.
DrTentakelliebe
"There has never been a slave who did not choose to be a slave." — Tyrion Lannister
matshelge
There is one rule for the industrialist and that is:make the best quality goods possible at the lowest cost possible,paying the highest wage
sandwichcolony
Yeah, thanks, no shit.
Sniffmeenob101
Grifted
immortalbucket
Nothing new.
CorgisButtsDriveMeNuts
Not, that's exactly what capitalism is. There were people talking about it 150+ years ago.
DrForester
Literally every republican voter (sound on):
DrTentakelliebe
You choose to treat an explicit caricature and use it as an example of the opposition? You're too lazy to build your own strawman?
GoodJuJuuu
We know. And as end users we can do nothing but vote and corporations will still find ways to fuck us over. How do we change this system...?
fartharder
They're trying to establish a new normal. More for them, less for us.
DVSBSTrD
This is exactly how capitalism was designed to work. They've never tried to hide it, but their simps can't accept that.
astrangehop
Hey, if you have to work at a minimum wage job where disabled 50 year olds get screamed at for going to the bathroom by the meanest teen
astrangehop
They could find... Well that's peak efficiency baby! Where else are you going to get bbq sauce that's 90% corn syrup??
DVSBSTrD
...Then you're probably a member of Congress.
gabagobgob
Without even the common curtesy of a reach around.
Exdeath5000
Charging more and shrinking the sizes of their products. Double whammy scam
dogdays2025
Double whammy scammy.....I'll see myself out.
Promethium33
Nonsense ! Let yourself in, I must oblige !
PeeterGrant
"Look, I bought a delicious bag of cookie."
JustTryingToLiveLife
And half the bag is air!!!
ballsoutflyer
"I bought a one bedroom house, 350 sq ft, for five million! Heck of a deal!"
nobody53212
Capitalism requires competition. 5 corporations own everything in the US, there's no competition.
stonedlikeicheckedoutmedusa
every time someone says “boycott this brand/chain/whatever!” this is all i can think about.
Battle4ngel
That's called a free market. Capitalism doesn't "need" that, in fact all players are incentivized to avoid it. Capitalism is PvP, not Coop.
DrTentakelliebe
When u increase the number of $'s in circulation, u devalue the individual $. The $'s are ⬆️ but products r fewer b/c supplies r ⬇️
DrTentakelliebe
Cont. p2 When it costs more to get product but and the $'s chase fewer products the profits needed to continue to acquire & produce go ⬆️
DrTentakelliebe
Cont. p3 When a Gov. picks businesses to back & hinder, that is not Capitalism. It is usually a form of Oligarchy, Cronyism, or Fascism.
Fireninja404
yup, the middle and lower class suffer when this happens, but the upper class don't. almost as if it was intended
DrTentakelliebe
Well, versions happen in nature, resource provide the means to acquire more, the lack becomes a death spiral. Continued...
DrTentakelliebe
You're absolutely right that suffer first and most.
DrTentakelliebe
...Part3 the runt of pack eats less. Bear might kill the runt and eat or the pack might have enough energy to kill the bear...
DrTentakelliebe
...Part 2 wolf pack succeed kill & eat, a bear fails & doesn't, wolves have energy to hunt more bear has less. Pack head eats most...
DrTentakelliebe
...Part4 so if by design, we must attribute it to Nature or Nature's god.
feren
My old man is still convinced somehow this is all Biden's fault & the gosh-darn corporations are just so gosh-darn innocent of price gouging
netutoring
Your old man gives far more credit to Presidents than they deserve. Until all businesses are nationalized, a President has....
netutoring
...virtually no control over them.
DrTentakelliebe
Wow, are you really using Marx for your economic philosophy?
DrTentakelliebe
I take you haven't run many businesses. When operating costs go up businesses have to take in more to be able buy the same amount next cycle
Zhagtin
*non-pricegouging profiteering businesses
Cindex1337
What's your favorite flavor crayon? I bet it's black, cuz it looks like the boots you're licking.
DMSledge
So for instance is oil increase by twenty percent then gas would go up by how much? What if oil came back to almost where it started?
feren
You can take what you like.
stonedlikeicheckedoutmedusa
except that’s not what’s happening right now :)
armagetz
You have evidence of that? Because even in cases of profit margin going up compared to prepandemic, it’s only by 1% or so on average.That(1)
armagetz
(2)doesn’t explain the overall inflation of over 9-11% by itself.
DrTentakelliebe
Thank you for doing basic math. All to rare around here.
ShySapiosexual
yourbassist
Piggybacking with Citizens United. Nothing changes until the unfettered lobbying stops.
justaguyinthebackrow
This is an ignorant statement. You can't dump $5+ trillion into the economy in under 2 years and not expect prices to go up.
JackSmiles2
You jack holes just don't get it. If it was real inflation they would be maintaining their relative profits not posting record numbers.
justaguyinthebackrow
Get your info from somewhere other than imgur memes. No one here has any idea what they're talking about. It's all demonstrably wrong.
QuartzPoker
Yes you can. The companies don't have to jack up prices.
justaguyinthebackrow
With plant closures and supply chain breakdowns we have fewer goods in the market. More money and fewer goods means price/good goes up.
DMSledge
By your reasoning farmers must be getting more money right? What percentage of goods do you think we are down?
PirateOne
Farmers near me are getting more money.
PirateOne
This is Imgur. People here don’t want inconvenient facts.
DMSledge
More like people are tired of the same old lie. Just like the lie that a "stimulus" that went to consumers is responsible for prices.
DMSledge
Read numerous reports about how companies are forced to raise prices to respond to increased costs, and yet their profits are rising faster
PirateOne
95% of the stimulus money went to governments & businesses. The TOTAL stimulus is part of the current inflation.
KingMidas123
justaguyinthebackrow
Lol, it's not a take. It's how things work. It's obvious to anyone who has the most basic understanding of economics.
DrTentakelliebe
I fear the average Imgur operates at a 10th grade level, expect sophomoric takes, even by the 65 y.o. folk
KingMidas123
Oh...you must be a fan of trickle down economics then...? You realize that the corporations are raising pricing while not paying their ppl
PirateOne
Which corporations specifically?
KingMidas123
And making record profits...so fuck Capitalism ??♂️
PapaUbu
You're not being scammed, this is capitalism working as designed
Imademyselfsquirtle
Funny how Capitalism is like Communism just individual.
EmptyHouseBurglar
Charge as much as the demand allows. Monopolize to every extent the regulations (you largely write) allow.
cheesedogs
It's looting
bearatrooper
RockHucker
Don’t like it then don’t buy it. It’s that simple. Buy only what you need.
ballsoutflyer
Price out a house.
PapaUbu
Put that insulin back Betty, that'll show those fat cats who's really in charge...
belindashort
What does this even mean, stop eating, starve?
RockHucker
Yes stupid, starve. That’ll cut down the amount of consumers bringing prices down.
LeftRightThere
“What the market will bear”
youngandrichandfullofsugar
Starlatan
The bear necessities.
Battle4ngel
Indeed. It's kinda funny how many people don't seem to realize that "profit maximization" is the goal. Or do they not think it to the end?
immortalbucket
But it’s a scam.
belindashort
Yep, it's just working
Corin
Yes. Capitalism, by design, is a scam.
BlindedByTheWereLight
No it's not. A scam is an underhand, sneaky way to trick people into giving you money. Capitalism relies on win-win for both parties. 1/2
BlindedByTheWereLight
2/2. If you don't want the product don't buy it. The more people don't buy it the more the business will have to lower the price or get zip
PapaUbu
Unless you can't do with out a product (medicine) or the provider has a monopoly, so no capitalism is not a win win
theshinobi23
A scam working as intended is still a scam. Something Something a rose by any other name and all that.
Dashpot
I too like idioms.
9zf2v2cvws3
What would be a better system?
ProbablyAlright
Planned economy, free market being a small sandbox I stead of the ruler of the kingdom, and state ensuring needs are met not markets
Mechlai
An unbiased immortal ai overlord
DrTentakelliebe
Fireninja404
well, a system that priorities the health and wellbeing of people instead of number go up
DrTentakelliebe
I fear that is not a system, but a desire. Common mistake, but if you could, I'd love to hear of a system you feel would accomplish this.
Fireninja404
well, for one, companies to be owned by people who work there instead of anyone who buys enough stocks. it's not perfect, but it gives 1/
9zf2v2cvws3
So like the nordic wellfare state, which is still capitalism?
TheFoxxWitch
A little capitalism with regulations is fine.
Fireninja404
the nordic wellfare state addresses the symptoms but not the cause. It's better than what we have, could be better though