OVER TO YOU
capitalism doesn’t’t work either.”
We are seeing the latter with a vengeance presently and in so many ways.
The banks are supposed to serve their customers but it seems to be the other way around. They are making record profits while ordinary folk, struggle. It would not make too much of a dent in their profits to give their customers reduced interest rates on mortgages say. The Government was very kind to banks when Covid struck.
Similarly, whether we like it or not, the Australian supermarket bloc control our grocery trade and are likewise creaming it. Yet in Timaru all supermarkets will soon be concentrated in the north end of town. More money will have to be spent on petrol for the weekly shop. Oh yes they will deliver and you will pay.
With schools providing breakfast for ever more students and foodbanks busy, surely there is room for a monopoly to be a little less greedy.
Talking of fuel, in these times when fossil fuels are supposed to be on the way out, petrol stations are springing up like weeds in our small town.
After the Second World War I noticed most boards of directors had an accountant at the table. The takeover now seems complete. Make as much profit as possible, decide prosperous cabals in comfortable boardrooms remote from ordinary folk.
The old Kiwi greeting “What do you do for a crust?” no longer applies - we want the whole loaf and then some.
Oh for some morality in business.
Dennis Veal Timaru