the_dunk_tank
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.
Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.
Rule 3: No sectarianism.
Rule 4: TERF/SWERFs Not Welcome
Rule 5: No ableism of any kind (that includes stuff like libt*rd)
Rule 6: Do not post fellow hexbears.
Rule 7: Do not individually target other instances' admins or moderators.
Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to [email protected]
Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again
view the rest of the comments
That's an estimation. Some companies may be that profitable, but the economy overall in the US is less.
https://www.fitchratings.com/research/corporate-finance/us-corporate-profit-declines-likely-for-some-sectors-as-gdp-slows-17-04-2023#:~:text=Corporate%20profit%20before%20interest%2C%20taxes,Bureau%20of%20Economic%20Analysis%20data.
The more important point is that profit is an assumed good, an end worthy of itself. No liberal economist is ever going to tell you a business or economy is too profitable: that's the point of all this. Thus when a firm raises prices to sustain or increase it's rate of profit, that's just business; a decision so basic as to escape scrutiny. But if labor demands more pay/benefits and eats into the rate of profit? Well now that's driving up inflation! Those greedy workers just don't know when they've got enough! Pay no attention to the decision by Capital to raise prices to sustain the rate of profit, that's the only reasonable thing they could do! Their privilege in society must be preserved!
We could get off this stupid treadmill if we nationalized mature industries and ran them at cost for the public good - but there's no profit in that, so what's the point?