Keep in mind that profits don’t include money being put back into the operation of the business. 100% of that pie graph is the money left over AFTER that, which the ruling class are totally at liberty to redistribute more fairly if they wanted to. Too bad they don’t want to and never will. ~ joamette
That’s the thing people don’t understand about current finances and capitalism and all that. It isn’t just that these companies are making more money than they ever have before (which they are). Revenue growth is a thing for a lot of these people. Because of capitalism forcing smaller companies out of business more and more and individual citizens having less of an ability to do things for themselves due to space and cost effectiveness and time and education and a billion other reasons (make clothes, grown their own food, cook, provide their own entertainment locally, and a billion other things we don’t ever think about) more money is going into these large companies that can muscle their way into areas and completely disrupt local economics. They have no choice but to get bigger as smaller stores have no choice but to get smaller. The thing is, as they grow they can then afford to pay their employees less, offer less benefits or worse and cheaper benefits, force them into more hours if salaried or less if hourly and there’s no repercussions because the employees can’t afford to quit for even a week to find another job and every other similar place will treat them the same. So these large corporations are increasing their revenue and putting less and less into the company. It is only going to get worse as we continue to export this system of economics across the globe. The thing is, it won’t ever collapse. People talk about how it’s unsustainable, but it’s an infinitely sustainable practice. There are always people who need to work and are willing to do it for less money and there are always countries with laws that allow people to work for way little bits of money. It’ll change from country to country over a time, but the system won’t ever collapse under it’s own weight because the institution always wins. It has built in ways to protect itself form itself.
Not just that, but these fuckbrained republicans keep voting to increase corporate abilities to do shit like this. The whole point of capitalism and the free market is to exploit the most exploitable people and move on. Look at US history. White folks showed up and worked on getting Native Americans to work as slaves, then they tried to kill them off in a land grab and brought over a bunch of African slaves to do all the work. Then they had them keep doing the work through private prisons and convict leasing and a whole bunch of fun stuff. They got the Chinese to build railroads and snatched up all the gold spots from the Mexicans and made the ones who were suddenly not in their own country anymore dig it all up. They got black people to literally build all of the infrastructure that runs through the south and mid atlatnic U.S. Now we’re using cheap Chinese labor to make clothes and stuff way cheaper than we can afford to now. We’ve exploited just about the entire continent of Africa for minerals and labor. It won’t ever stop because a majority of people in the world refuse to believe that this is actually how it is, and when you bring it up get angry and defensive about it and claim it never happened.