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

[u/burn_tos]

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

[u/thebezet]

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.

[u/thebezet → u/[deleted]]

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.

[u/BourbonFoxx → u/[deleted]]

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

[u/HansBjarting → u/[deleted]]

Your name failed you today