Millions can no longer afford their rent
Millions can no longer afford their rent
Millions of Americans, especially people of color, are facing painful decisions as a record number struggle with unaffordable rent increases,
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I really don’t know what the corpo end goal is, like what everyone homeless, and them owning a bunch of empty, condemned buildings? This whole thing is nightmarish. I always hear talk about increasing low income housing but never any talk of middle income. I make a decent wage but could never afford anything without roommates and even that is a stretch. Wheeeeeeeee.
Capitalism doesn't function in a way that has a "grand plan" that takes the whole picture into account, it's not incentivised to care about collective sustainability.
The best (profit maximising) way for a single company to operate is to pay as little as possible to employees, and to charge as much as possible to customers.
With all companies collectively doing this, charging more and paying less, then eventually nobody will have anything left and the market will as a whole collapse, but even if organisations can predict this and see it is coming, which they surely can, they are individually disincentivised to change, and will not change.
it’s not incentivised to care about collective sustainability.
Not only collective. Most companies don't even care about their own sustainability.
CEOs working there for some years try to inflate short term 'shareholder value' to maximize their bonuses.
The shareholders no longer see themselves as owners who collect dividends but as investors who can just sell their stocks if the price increases.
What happens to the company 5 or 10 years down the road doesn't matter.The problem is greed, period.
People want more than what they have and will do anything to get it including burning down the house around them. The attitude is everywhere in modern society and its a serious problem.
It’s so unfortunate too, we could provide that needed incentivization for change through strong consumer-centric regulation, and the corpos would still be making money hand over fist. But, they’ve captured Congress via legalized bribe money, so there’s just nobody home when it comes time to regulate. Washington is willfully asleep at the wheel, dreaming of lining their pockets with “campaign finance donations.”
There isn't a corpo end-goal, corporations follow profits like a zombie seeking a meal. There's no long-term planning, as those in charge can jump ship at the collapse and start something new, using all they've gained.
Mixed with homelessness being a crime sure feels like government is aiming for some slave labor in their prisons
Only in Arizona.
Democratic serfdom. Unless we fall into autocratic governance before that, or (hopefully) liberate ourselves instead.