Buy successful chain, cheap out on every possible thing to maximize profit, crash brand into the ground until it's an empty shell, blame workers and customers.
Corpo greed in a nutshell.
this post was submitted on 24 May 2024
30 points (85.7% liked)
Economics
1698 readers
2 users here now
founded 5 years ago
MODERATORS
You forgot the repeat step. It's just good business in rotting the economy.
TIL: monopsony (a market with a powerful buyer, akin to a monopoly, which is a market with a powerful seller)
It's a real "they live" moment when you realize any outlet covering it as because of endless shrimp is literally lying to provide cover for the worst aspects of capitalism.
Commercial fishing has absolutely devastated tens or hundreds of thousands of square kms of ocean and freshwater, and has critically degraded the entire planet's ecology. The experiences of animals are real and matter. Their suffering is identical in nature to your own. It harms us when we take pleasure in cruelty and violence. STOP PARTICIPATING IN ATROCITY.
That has little to do with the dynamics of private equity destroying companies which is the subject of the article.
Sir, this is a Wendy's.
Blah blah blah blah