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Cake day: July 22nd, 2023

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  • It’s better, but still not great. You’re still limited by having enough money to be able to buy shares. The people with more disposable income have a greater opportunity to benefit, while those with less may not be able to afford it at all.

    Even the lowliest employee with the lowest pay should still have an opportunity to benefit from their labour.


  • OutlierBlue@lemmy.catoLemmy Shitpost@lemmy.worldCorporations = communism
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    16 hours ago

    That’s not true at all. If every worker was a shareholder, then I might agree with you. But shareholders are the rich, who have capital they can invest and gain from. Corporations are set up to only benefit the rich. The average worker gains nothing but their measly wage/salary regardless of how well the company does or how hard they work.

    Corporations are not for the benefit of all. They are for the benefit of the rich upper class and derive their wealth from the work of the working class.










  • This notion that tariffs will drive manufacturing and production back to the U.S. is a pipe dream, and even if it were to occur it would take a decade to build the factories, infrastructure, and supply lines.

    And on top of that the counter-tariffs will make it even worse. Manufacturers would have to make their products within the US and suffer tariffs trying to sell to everyone else. That would given them ~350 million people inside the US to sell to, and literally everyone else would pay higher prices. They could never compete against that. So not only does it take a long time, stable economic conditions to invest in, but they would be restricting their market severely if they brought manufacturing onshore.

    Still, the Canadian economy is heavily tied to the US. They’re going to tank their own, but it’s going to hurt us up here too.