this post was submitted on 24 May 2024
24 points (83.3% liked)

Economics

1695 readers
68 users here now

founded 5 years ago
MODERATORS
top 7 comments
sorted by: hot top controversial new old
[–] [email protected] 17 points 5 months ago (1 children)

Buy successful chain, cheap out on every possible thing to maximize profit, crash brand into the ground until it's an empty shell, blame workers and customers.

Corpo greed in a nutshell.

[–] [email protected] 2 points 5 months ago

You forgot the repeat step. It's just good business in rotting the economy.

[–] [email protected] 2 points 5 months ago

TIL: monopsony (a market with a powerful buyer, akin to a monopoly, which is a market with a powerful seller)

[–] [email protected] -4 points 5 months ago (3 children)

Commercial fishing has absolutely devastated tens or hundreds of thousands of square kms of ocean and freshwater, and has critically degraded the entire planet's ecology. The experiences of animals are real and matter. Their suffering is identical in nature to your own. It harms us when we take pleasure in cruelty and violence. STOP PARTICIPATING IN ATROCITY.

[–] [email protected] 9 points 5 months ago

Sir, this is a Wendy's.

[–] [email protected] 8 points 5 months ago

That has little to do with the dynamics of private equity destroying companies which is the subject of the article.

[–] [email protected] 0 points 5 months ago

Blah blah blah blah