That’s crony capitalism at work, not the free market. The more people out of work, the more on government assistance, and the fewer customers for a business’ products, leading to more consolidation. The endgame is nationalization, whether de jure or de facto.
“That’s crony capitalism at work, not the free market. The more people out of work, the more on government assistance, and the fewer customers for a business’ products, leading to more consolidation. The endgame is nationalization, whether de jure or de facto.”
Nothing “crony” about free-market capitalism where companies want to keep costs low, which means taking care of each line item. Labor costs are typically the biggest cost factors. Just pure accounting, nothing crony capitalistic about this.
Having said that, providing freebies is socialism. Complain that gubmint is providing freebies. Don’t complain that companies are trying to make money and streamline.