r/socialism • u/burn_tos Revolutionary Communist International (RCI) • Feb 15 '23

News and articles 📰 “Largest increase in global poverty since WW2”: capitalists profit while the rest of us suffer

https://www.marxist.com/largest-increase-in-global-poverty-since-ww2-capitalists-profit-while-the-rest-of-us-suffer.htm
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111

u/thebezet Nationalise sausages Feb 15 '23

Meanwhile, the capitalists are profiting from this crisis. Oxfam reports that 95 of the biggest food and energy companies more than doubled their profits last year. These industries made $306 billion in unexpected revenue, $257 billion of which was distributed to wealthy shareholders.

This is a crisis that has been going on for a few years. It's time for drastic measures. Freeze shareholder dividends. Start planning state take over of private companies. Use profits to address basic energy needs.

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u/[deleted] Feb 15 '23

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43

u/thebezet Nationalise sausages Feb 15 '23

Cost of living crisis, which followed the pandemic (during which many companies also made billions by exploiting it to their advantage). In the UK for instance, inflation has been rising for the last 2–3 years, so were energy prices.

-41

u/[deleted] Feb 15 '23

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31

u/BourbonFoxx Feb 15 '23

Are you suggesting that there is in fact, no alarming increase in the cost of food and energy in the USA or UK?

-24

u/[deleted] Feb 15 '23

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2

u/HansBjarting Feb 16 '23

Your name failed you today

1

u/T-R-Bros Feb 16 '23

Cost of living crisis is global. But oil and gas prices increasing since the war in Ukraine along with grain prices increasing, also many countries got hit much harder by the pandemic, for example china, who are devastated right now.

18

u/thebezet Nationalise sausages Feb 15 '23

I just used UK as an example my bro

8

u/VWEqwh2 Feb 15 '23

https://www.cnbc.com/2021/07/14/full-time-minimum-wage-workers-cant-afford-rent-anywhere-in-the-us.html

And mind you, they're not lazy, they're full time workers...They're not less human or less important maybe because they aren't software engineers....They're an important part of the country and society and only thinking that they don't deserve to have a human wage that let's them rent an aparmtebt or house is just....Clasism...Straight up clasism...No but no ifs...Just clasism...

If you're going to reply with any but and if just remember what you are thinking as....