Thu | Feb 2, 2023

Corporations getting richer at the expense of people

Published:Monday | December 5, 2022 | 12:07 AM

THE EDITOR, Madam:

There’s an imminent point in which the status quo where already-huge corporate profits and untaxed superfluous wealth are maintained or increased, while many people are denied even life’s basic necessities. This can or will end up hurting big business’s own monetary interests. I can imagine that a healthy, strong and large consumer base and not just very wealthy consumers are needed.

Or could it be that the unlimited-profit objective is somehow irresistible, including the willingness to simultaneously allow an already-squeezed consumer base to continue so, or even squeezed further?

Maximising profits by risking the well-being of people will likely always be a significant part of the nature of the big business beast.

When it comes to unhindered capitalism, corporate CEOs shrug their shoulders and defensively say their job is to protect shareholders’ bottom-line interests. The shareholders, meanwhile, shrug their shoulders while defensively stating that they just collect the dividends, and that the CEOs are the ones to make the moral and ethical decisions.

FRANK STERLE JR

White Ro​ck, BC

Canada