True.
The issue of poverty cones down to cost of purchase and income.
It will take a massive paradigm shift for this to change.
The problem I see with modern capitalism is the way it is now structured to perform.
Capitalists used to start a factory and employ locals etc. Communities were built on this.
These days it's all about shareholder returns. And the incentive for execs to increase that return.
Hence you find decisions being made to boost bonuses, and bean counters making job cuts, take overs and mergers.
None of these have the community in mind.
Social democratic countries make decisions that will benefit society whilst allowing capitalism to thrive.
As I said above, until you cut lobby influence on policy, nothing changes.
Governments make the rules and the lobbyists with the most money influence that policy which works to their best interests.
This IMO is where the real corruption exists in our system. Elected politicians doing the bidding on behalf of their donors.
On the flip side, people are mostly ignorant and vote along party lines, regardless if it's within their bests interests or not.
I really hate the current trend of management by KPI. Rather than understand the businesses they simplify it down to KPI's that can look good in reports. Managers spend as much time trying to manipulate this crap rather than fixing problems or improving.
Interestingly there are organisations who are still driven to be profitable, but are not so much greedy.
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Robert Bosch GmbH, including its wholly owned subsidiaries such as Robert Bosch LLC in North America, is unusual in that it is an extremely large, privately owned corporation that is almost entirely (92%) owned by a charitable foundation. Thus, while most of the profits are invested back into the corporation to build for the future and sustain growth, nearly all of the profits distributed to shareholders are devoted to humanitarian causes.
In 1937, Bosch had restructured his company as a private limited company (close corporation). He had established his last will and testament, in which he stipulated that the earnings of the company should be allocated to charitable causes. At the same time, his will sketched the outlines of the corporate constitution, which was formulated by his successors in 1964 and is still valid today.
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Aldi is another example of a privately owned company. I don't know what they are like to deal with but i haven't heard of the type of supplier horror stories like i have from Coles and Woolworths.
They probably don't need the perpetual growth that shares driven companies need.
My other pet hate is when a new supermarket or shopping centre opens, the supermarket chain and the local council will carry on about the jobs that were created. HELLO!!! its not like the people that will shop there didn't buy their groceries somewhere else already.
We get councillors running round flapping their hands like schoolgirls because Costco might be coming to their council. Net gain to the broader community ....nothing really.






