Corporations can choose:
1. making a profit
2. going out of business
If you raise the cost of doing business for a corporation, the cost of their products and services is going to rise accordingly.
1. making a profit
2. going out of business
If you raise the cost of doing business for a corporation, the cost of their products and services is going to rise accordingly.
And in most cases - hey that’s fine. I disagree but it’s ok.
One area where I will always push back is on services that are required for life. Food. Shelter. Power (electric, etc) … healthcare.
If the service is critical, profit should be considered last, if at all. (As I write this, my elec provider has doubled its generation rate this month… yet making tons of profit for its shareholders…)
The same with healthcare.
I doubt the accuracy of this statement. But I'll make a largely-unsubstantiated claim of my own, nonetheless: for-profit agriculture has substantially increased the cost of for-profit healthcare by focusing on high-profit foods that are highly processed and addictive instead of foods that are actually good for us to consume.
Spend 5 minutes researching it with google what happens with collective farms.
> for-profit agriculture has substantially increased the cost of for-profit healthcare by focusing on high-profit foods that are highly processed and addictive instead of foods that are actually good for us to consume
People vote with their dollars what they want to eat.
Besides, if you do google the history of collective farms, the result in every case was famine, not breaking out in health.
What about kibbutzs and moshavs in Israel? Granted, they are small-scale,
It doesn't always have to. Some companies make so much profit that they could easily choose to absorb an increase in the costs of doing business without raising the costs of the products/services. They'd continue to make massive amounts of profit, just slightly less than they were making before and in some cases I think we should expect companies to do exactly that.