Ha, this is funny since all of those companies have lost the plot lately on pricing/value. Some (like Kraft) have also made mistakes like moving production state side and then damaged their ability to operate world wide, others (like McDonald’s) have cut every corner on quality while upping their prices and spending like drunk sailors on app and ads. And they all have made choices (like Whirlpool) to make their products last less time thinking we are made of appliance every 3 years money.
This is the one silver lining on the economic collapse, there is a chance that these badly ran companies might just face consequences. Like there is still demand for product, but with wages being what they are no one is jumping on $20 big mac meals, $3 boxes of kraft dinner or $1800 fridges (that will break just after the warranty).
In a working economy these actors would find themselves out of business, instead they have lived off our credit for years selling things we can’t afford. It was always going to come crashing down, but we are finally at the point that they are not denying it and now working to move blame.
I don’t think it’s that simple. Whether one likes it or not, the economy will always recover, particularly because crashes, like trump’s, are engineered. Crashes kill all competition, deeply consolidating the market as only the biggest can survive (or recieve bailouts)
These companies are the result of the consolidation you describe already, and unlike before they are failing before the crash. Think about Kraft for example, who are their big competitor? Who would Kraft merge with to create a bigger Kraft? Would anyone notice a difference? The chances of a bailout are also slim this time, outside of a few select small sycophants. We are not looking at the old cycle of bullshit, but the point where the ability of consumers to spend is crippled.
You are right that an economy will always “recover”. The issue here is (as shown in the article above) across all industries and based in the result of a long long process of devaluing wage rates. So I do think there will be a recovery but I don’t think that it will be bailouts and mergers this time. I think the “winners” here will be the cheaper providers and smaller companies as the world transitions into poorer times.
Accountability will not follow unless we organize for the day after the collapse.
Guess you guys shouldn’t have funded Trump’s campaign, huh?
Remember when McDonalds let a felon rapist use one of their locations for a photo op?
The one that paralleled Mussolini’s “working class man” propaganda photo? Yup!
That’s an insult to Mussolini.
Good.
Big deal. Theyll just pull another ‘too big to fail’.
Oh the money is there. But its all tied up with billionaires
But won’t that new ballroom be something?
/s
The 1% accounts for 60% of spending. But they are all over leveraged or waiting for the inevitable crash so they can buy everything cheap and increase their hoard.
Compared to the ruling class, the 1%s are practically destitute
I’d love to see a source for that claim, that’s some very intetesting piece of information (if true)
The difference between a millionaire and a billionaire is roughly a billion dollars.
That’s true, I’m more unsure about if the ruling class are bilionaires. I mean okay… it’s an oligarchy where billionairs simply buy politicians or both parties at once… but “the ruling class” would usually mean politicians and top bureaucrats, wouldn’t it?
It would mean it, if the politicians are the ones ruling, but since the politicians aren’t the ones ruling they would not be the ruling class is what I meant
Ah, thanks, with that definition the factoid becomes way less interesting (as in not new to me)
I think I might go with your definition from now on, seems closer to official definitions than what I thought it would be.
Interesting that it translates to “political class” in german where the definition is very different, because “political class” there is basically defined as “career politicians” and excludes the capitalists ruling through financial instead of representative power. I think that’s where my misconception stems from.
Rough numbers so take with a grain of salt.
https://dqydj.com/net-worth-percentiles/
When you look at the ultra wealthy 60 million is pocket change
Absolutely, but how many ultra wealthy are politicians or top bureaucrats? I’d think they would not stoop so low as to actually BE politicians instead of just… buying some.
But billionaires aren’t the main consumer base for these brands. They buy boutique appliances and health foods more than they buy sodium laced chipped meat products and mom-and-pop’s favorite dishwasher.
For sure, I was just saying that the people who buy this stuff’s money is tied up with the billionaires
Absolutely - you’re right. I just mean that these brands are complaining that they don’t benefit from their own CEOs having all the money, which is kind of amusing
Oh wow, some awareness! It just doesn’t matter till it hits the bottom line of course. Don’t confuse it with compassion.
Fox News: Wow! Lord God President of all the Universe His Holyness Emperor Trump has gifted us with such an AMAZING economy that people have SO MUCH money they can’t decide what to spend it on!! They get decision paralysis and end up buying nothing! We’re so winning!! Thank you Lord God Emperor Master of the Universe King Trump!
“We have priced a good portion of the population out of being our customers. If there was only something we could do. I know! Let’s ask the shareholders. They seem like a reasonable bunch who would not expect continued yearly profits for all eternity.” /s
“We’ve tried nothing and we’re all out of ideas.”
More like “We’ve tried extinguishing a fire with gasoline and wondering why it didn’t work” lol
That’s an advertisement, not financial analysis.
You mean the parasite class is having money trouble because the peasants aren’t buying? How dare they opt for cheaper options when they can barely afford rent! Don’t they know it’s paramount to society that they slave away to engorge those who already have too much???
Yeah it’s the parasite realizing that they went overboard with sucking the blood of their host and now the host is dying.
No, it’s the parasite noticing suckling blood is getting harder, how bothersome!
They’re far off from realizing the host dying.
Only way to beat them at their own game in this case is to not play.
so that means they’ll drop prices right?..right?
The article does actually say yes (as well as shrinkflating products)
Lays just had a company-wide price decrease because a couple of years ago, they decided to get really greedy, and crank up their prices. Really stupid, since you can buy a big bag of first rate chips from Aldi for less than $2.
They finally decreased their prices - but only AFTER losing a couple of billion bucks, the dickheads. They tried so hard to fuck the consumer as hard as they could, and rather than just take it, the consumer walked away.
Not only did they raise prices they decreased the amount of product in the packages. One of their greedy stupid ‘leaders’ thought we would all just love that combination.
Enshittification: MAKE. IT. SHITTY!
Whirlpool CEO can fuck the fuck off after this douchecanoe pushed for washing machine tariffs and then proceeded to raise their own prices raised to match the competitors resulting in all washers AND dryers by over a hundred dollars on average. And then they also proceed to layoff factory workers while completing that people weren’t buying US made goods.
At the samentime there are people attending sports events where ticket is $5000, with stadiums full. Money is here it is only unfairly distributed.
who’d have thunk people drowning in debt wouldn’t have any money for luxuries. WHO COULD HAVE SEEN THIS COMING?!
This article is shit. It’s just long form advertising. Don’t trust any of it.
Halfway through it starts hawking gold and subscriptions to Masterworks 😂
Kraft changed their macaroni ingredients and now it tastes like plastic, so…
BTW if you are in inland SoCal Stater Bros. has a brand call pastaroni which is pretty good.
Even the fancy ones with the liquid non powder cheese pouch?
Never had those, but the fun shapes one was always my favorite since I was a kid and now even those taste like the plastic the regular ones tasted like for awhile.
I’ve really been liking Goodles. Reminds me of what Kraft used to taste like.
Buy a bucket of good quality cheese powder. You’ll make it the same way except you have to measure out the cheese powder instead of opening a packet.
You can just buy cheese powder??
Yes
You have a recommended source for it?
Same question for pasta - I’ve noticed just plain pasta seems to be like a lot - even the store brand - when I’m at stores, and that’s for one little box. I’m assuming that can be bought in bulk and save a lot of $$$. If properly stored, that should have a long shelf life, too.
I like King Arthur brand cheese powder. It’s not yellow but ¯\_(ツ)_/¯
