For some reason everyone is just ignoring the huge profit margins of corporations while this whole "inflation" thing is happening. There's no reason for corporations to be profiting like this at the expense of the populace
> There's no reason for corporations to be profiting like this at the expense of the populace
BP just had a $24bn non-cash writedown in Q1[0] due to their stake in Russian oil giant Rosneft. Should the "populace"/government be giving them ~$20bn this quarter to make them whole on their entirely government-created loss?
I'm going to go out on a limb that you're not in favor of that.
No absolutely not. We also should not be giving tax payer money to corporations to pad their profit margins.
We have people we are hungry and homeless while these corporations get tons of money from the government, same with Intel getting money to build fabs. They have money, they can use theirs but they won't because it would cut into their margins and they can't see past the quarterly profits. Same with the oil companies.
Corporations do not have an inherent right to exist over the people that make them up or the people that make up Amy given country. Corporations need to be able to fail.
What investment? Nord Stream 2 AG is owned by Russian state-owned gas giant Gazprom, not Rosneft.[0] Here's who paid for NS2 to be built:
> Gazprom paid half the cost of building Nord Stream 2, with the remainder of the $11 billion pipeline project financed by British oil and gas major Shell, Austria's OMV, France's Engie and Germany's Uniper and Wintershall DEA.
There's no British Petroleum investment to "bail out."
Gazprom, Rosneft, it all seems the same. After all Schröder got chairman seat at Rosneft for his treason NS work. But yes, you are correct, Shell was the company directly involved with NS2. My bad.
