McDonald’s yesterday reported that its global sales declined for the first time since 2020, with its net profit declining 12 percent compared to the same period last year. Starbucks announced Tuesday that sales in North American stores dipped 2 percent, and sales in the rest of the world dipped 7 percent. Source: The Intercept
It doesn’t take a Marxist to understand that the central crisis of capitalism is overproduction (underconsumption) as discretionary income gets ‘competed away’ into the subsistence wage.
McCrapBucket is losing money? Fetch my violin so I can play a tune