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He has no power to do anything really. I'm starting to think more socialism makes sense. I kind of want profit limits on certain essential sectors like food, medicine, probably others.
I'm tired of hearing about how company X made 3 billion more this quarter than last year. It's one thing to be profitable and make something, it's another to give it all to the execs and make consumers eat more year after year.
Raising prices to raise profits when you're still profitable is ridiculous and greedy.
I don't see how Biden could fix the situation on his own. It needs a massive change.
Nestle should not be allowed to own water supplies, it's beyond disgusting.
Want to buy a new TV? Sure capitalism ~can work for that~
Need Healthcare? Or food? Or internet? Or housing? Capitalism does not work for that.
Exactly. Nothing short of some socialism is going to fix this when companies can increase prices as much as they want. Current generation kids will say "well the fair market means someone will lower prices and everyone else will have to follow or lose customers." Adults know that all that's happening is everyone is raising prices across the board since they all win.
Depends on what you guys think "some" socialism means.
"Some" socialism means a minimum wage tied to inflation.
"Some" socialism means industries that provide basic necessities are well-regulated.
"Some" socialism means corporations pay taxes on income.
"Some" socialism means anyone paid in stocks (i.e. CEOs) pays taxes on the value of those stocks when they receive them (as income), and then pays capital gains when they sell them.
"Some" socialism means people pay into the social safety net (SSI, Medicaid, etc.) to the fullest extent of their income.
Continue as necessary.
All liberalism.