News about and analysis of economic and political developments, particularly within the U.S. Empire and throughout the Western world-imperialist order.
Capitalist economists are talking a lot about confidence and contagion, but they fundamentally leave you feeling like money itself isn’t real. That’s because they don’t understand it.
Like all capitalist firms, Walmart Inc. exists for one reason, and one reason alone: to generate profits for its shareholders, especially the monopolist families who own the largest stakes. If one of its locations is “underperforming,” if it is failing to generate profits at an acceptably high rate, then the firm will dispassionately cut its losses and shutter its less-profitable stores
Every aspect of the economy is governed by the profit motive, which demands efficiency over resilience. Each dollar spent on redundancy, safety, and minimizing environmental impact is a dollar given up to competitors. An egg company which wants to avoid avian flu outbreaks would need to invest much more into facilities that do not force chickens into hazardous conditions, putting them at a massive market disadvantage compared to their amoral competitors.
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