It is difficult to take your mind off the so called "cost of living crisis" because of the amount of suffering and hardship that will hit millions of ordinary people in this country and across the world. However, on examination you realise that it is not a "cost of living crisis", it is in fact an "exploitation crisis".
For example, the wholesale price of gas is 37% cheaper than it was at its peak in March, but retail prices are 53% more expensive than they were in March. Meanwhile British Gas, during the same period, posted an increase of 411% in profits during that period. BP have just announced the highest profits in the company's history, approximately £7 billion. This little earner could mean that the BP CEO Bernard Looney will be in line for an obscene remuneration of £11.7 million. Though in this case we are the real "loonies" for accepting this daily plundering of our lives.
Now hand on heart and say this is a cost of living crisis and we are all in it together. When will we wake up to the fact that we are being shafted day and daily by a group of billionaires, aided and abetted by the corporate world's minders, the state. They are two sides of the same coin, inseparable, licking each others backsides.
For example, the wholesale price of gas is 37% cheaper than it was at its peak in March, but retail prices are 53% more expensive than they were in March. Meanwhile British Gas, during the same period, posted an increase of 411% in profits during that period. BP have just announced the highest profits in the company's history, approximately £7 billion. This little earner could mean that the BP CEO Bernard Looney will be in line for an obscene remuneration of £11.7 million. Though in this case we are the real "loonies" for accepting this daily plundering of our lives.
Now hand on heart and say this is a cost of living crisis and we are all in it together. When will we wake up to the fact that we are being shafted day and daily by a group of billionaires, aided and abetted by the corporate world's minders, the state. They are two sides of the same coin, inseparable, licking each others backsides.
Of course it is not a local problem, it is a world wide plundering and pillage of the ordinary people. For example EXXON's profits are stated to be $2,245.62 every second of every day. Where do you think all that money goes?
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