It would be a lot more common if we had anti-monopoly laws still.
There used to be a shit ton of regional stuff like this where one family owned everything, and 10 million a year was good enough instead of needing x% growth forever.
If you’re not cutting every corner to make the quarterly % increase constantly go up, workers aren’t getting fucked over as much, at least not every time. So everyone losses when we have mega corps. And that’s the natural result of unregulated capitalism
I heard this story before and it is truly amazing how the CEO still stands behinds his principles and values.
It would be a lot more common if we had anti-monopoly laws still.
There used to be a shit ton of regional stuff like this where one family owned everything, and 10 million a year was good enough instead of needing x% growth forever.
If you’re not cutting every corner to make the quarterly % increase constantly go up, workers aren’t getting fucked over as much, at least not every time. So everyone losses when we have mega corps. And that’s the natural result of unregulated capitalism