this post was submitted on 12 Aug 2023
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Exactly! A profitable company is one about to hire more people and increase wages to be competitive in a diverse industry fueled by creativity and ingenuity.
I might need a /s here, cuz I can’t tell.
If not: The most profitable companies are those that either: are monopolies (of the consumer and/or labor side), operate as banks, or operate as limited-liability speculative arms of banks.
No ingenuity required, only “I have money on hand, so I win”.
Which of those is Apple? Is it really a monopoly?
Oligopoly. We are witnessing how useless the offices for competition have been for decades. And they punish borrowers with higher interest rates.