"Walmart hiked prices on its Great Value brands. The result? Its net income spiked 93% to $10.5 billion towards the end of 2023. Walmart rewarded shareholders with $5.9 billion in buybacks and dividends. When I say price gouging is driving inflation, this is what I mean."
-Robert Reich
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O! guess what some commonalities of catastrophic collapses of entire civilizations seem to have in common, according to this collabo of historian and statisticians?
-massive & increasing wealth inequality
-lack of inclusion in the political process
-wealthy people using their wealth to acquire other forms of power
-chronic & increasing underfunding of social welfare
Sound like any historical period you might be familiar with/living in?
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Landlords provide housing in the same way that scalpers provide concert tickets. - a meme I saw yesterday.
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