While Canadians Struggle, Energy Corporations Are Laughing All the Way to the Bank
While Canadians Struggle, Energy Corporations Are Laughing All the Way to the Bank
Interest rate hikes have brought Canada’s cost-of-living crisis to a fever pitch. And while workers are feeling the squeeze, energy corporations are reaping superprofits.
While Canadians Struggle,
EnergyCorporations Are Laughing All the Way to the BankFixed that for you.
Sure, but do all Corporate sectors get dozens of billions in direct and indirect subsidies year after year?
"What's this about subsidies???" —Elon, probably
I think so, yeah? Is the answer yes?
And they will cry and obtain more subsidies and tax cuts while we get fucked in every hole.
Sometimes they make a new hole!
At this point I would rather Canada struggle to make work for the people displaced by the loss of O&G than continue to fuel their bullshit.
Job losses in oil and gas is fine and everyone involved should keep that in mind. Colleges and universities should be steering stem kids out of pero-engineering, and tradeschools should be pointing people away from fuckin Fort McMurray. In Ontario though there are still loads of millwrights/plumbers/electricians being told that they can go work 5 years in the oil patch then come back home, buy a house and put their feet up.
Whaaa — sign me up! It’ll take me decades to earn a house otherwise. If ever.
is good day to be on fediverse
for example through strategic price controls on energy, food, and other key inputs
I don't know why anyone ever takes Jacobin seriously at this point.
The solution to rising food costs is not, in fact, to exacerbate the problem by giving producers a strong incentive to not produce food.
Agreed, the level of concentration in grocery distribution is worse than the telecoms. At this point they need to be broken up and run as non-profits!
the level of concentration in grocery distribution is worse than the telecoms.
Telecoms can fall into being natural monopolies for technical reasons, like there only being so much radio spectrum to go around. Grocery distribution, not so much. Literally anyone can start selling groceries right now.
Which, during the height of COVID, when going to restaurant was not allowed, we saw exactly that – a number of restaurants transitioned into being grocery stores.
We had our chance to change our ways. Nobody wanted to. There is concentration in the grocery business because that's what we desire. Plain and simple.
This has nothing to do with price ceilings on food being a universally bad decision.
That's hilarious. The formal definition of shortage is a situation where an external mechanism, such as government intervention, prevents price from rising. This is literally looking to create a shortage (a real shortage, not the pretend kind we talk about when it comes to labour) of food and energy.