Biden spanks billionaires

[Loren Pechtel]

The point is the change of ownership doesn't necessarily allow you to redirect the money to consumer spending

(bolded added)
Absolutely. In fact in the current climate of vulture capitalism, the opposite is more likely, especially with commodity products. But not always - at least in principle. We're frozen though.
We place very wealthy people at the head of hundreds-of-billions-of-dollars Companies to ensure that the interests of the wealthy will be assiduously maintained. Displacing them only means hiring an insider clone with a different face, or suffering devastating failure because there are only a few people who know how to "run" those kinds of companies effectively, and they are all multimillionaires on board with the system that allocates personal wealth. Income and wealth disparity are the lifeblood of that system.

We put people with a track record of making good business decisions in charge. It's not perfect, but it works a lot better than putting bureaucrats in charge. That has a dismal record. The everybody-is-as-good approach brought us the Cultural Revolution and the Khmer Rouge.

 

[Loren Pechtel]

The point is the change of ownership doesn't necessarily allow you to redirect the money to consumer spending

(bolded added)
Absolutely. In fact in the current climate of vulture capitalism, the opposite is more likely, especially with commodity products. But not always - at least in principle. We're frozen though.
We place very wealthy people at the head of hundreds-of-billions-of-dollars Companies to ensure that the interests of the wealthy will be assiduously maintained. Displacing them only means hiring an insider clone with a different face, or suffering devastating failure because there are only a few people who know how to "run" those kinds of companies effectively, and they are all multimillionaires on board with the system that allocates personal wealth. Income and wealth disparity are the lifeblood of that system.

Yeah, you know what, it wouldn’t even be that big of a problem if these greedy fucks didn’t expect constant growth. I mean, damn, if you made a profit, be happy with that shit, man. Don’t start laying people off and shutting down locations just because you made 900 million instead of 1 billion last year. What the hell?

Except that's not what happens. Companies do not go around shutting down profitable operations. But they look at more than a simple profit number. If that place made $10 million instead of $1 billion they will consider whether it makes more sense to shut it down and sell off the assets. Resources cost money even if that doesn't appear on the books. (Say, paid-off facilities. True economics will look at what it would cost to finance their current value, not merely the lack of a payment.)

 

[Spacetime Inhabitant]

The point is the change of ownership doesn't necessarily allow you to redirect the money to consumer spending

(bolded added)
Absolutely. In fact in the current climate of vulture capitalism, the opposite is more likely, especially with commodity products. But not always - at least in principle. We're frozen though.
We place very wealthy people at the head of hundreds-of-billions-of-dollars Companies to ensure that the interests of the wealthy will be assiduously maintained. Displacing them only means hiring an insider clone with a different face, or suffering devastating failure because there are only a few people who know how to "run" those kinds of companies effectively, and they are all multimillionaires on board with the system that allocates personal wealth. Income and wealth disparity are the lifeblood of that system.

We put people with a track record of making good business decisions in charge. It's not perfect, but it works a lot better than putting bureaucrats in charge. That has a dismal record. The everybody-is-as-good approach brought us the Cultural Revolution and the Khmer Rouge.

There is no mechanism in society or business that enables putting people who make good business decisions in charge of businesses, though sometimes bad business people are dismissed (after they have done much damage). However, the latter was more in the past, nowadays people who make bad decisions tend to get promoted. All business people are also bureaucrats, and many businesses are very bureaucratic.