|
|
|
|
|
|
by MicolashKyoka
967 days ago
|
|
|
This is nonsense. How are multibillion dollar companies accountable to shareholders and other owners willingly giving away money for some nebulous principle such as having the "right" people make money. Conspiracies should at least be based on some tangible elements. Fringe roles are too few to be seriously considered. The reality is that it's all a matter of supply and demand. Ofc, there is waste, but any industry having margins like google are bound to excesses eventually if leadership doesn't intervene. |
|
|
Because of the specter of the alternative, once QE et al. started. Proven by the fact that it straight-up started happening anyway when the (completely justified) COVID helicopter money started flying.
Of course, there were other options:
>Vacuuming up the excess money supply through taxation before it became a pillar of an entire sector's business model
>Accept lower profits, executive compensation, and asset returns by letting worker pay rise without raising prices
But those are anathema, I suppose. Which is why it didn't take a conspiracy for everyone to act in such a way that what's described came about.