Legalised greed

Ikea makes cheap furniture. The firm is well organised and makes a lot of profit, too much. In 2012 they sold for 27.6 billion euro. Profit – after perks, high salaries and bonuses for the top – was 3.2 billion, 11.5%. The interest on savings of common citizens went down to under 2%. Ikea is greedy, the prices are too high. Though their furniture is cheap, prices could easily be 10% lower when the profit was more decent and the perks and salaries for the top lower.
But it is not Ikea that makes a profit, it is not Ikea that is greedy. The owners and top-directors are greedy. They should be the spear point in attacks. Not demonstrations in front of Ikea-branches that only hinder common people but in front of private houses of the top that are bought with our money – because the top asks too high prices for their products. The greed of the 1% is as legalised as most corruption. The money stream goes from the 99% towards the 1%.

See my blog article about power and legalised corruption

Joost van Steenis


About Joost van Steenis

My latest book "How to make Revolution, developing the Fourth People's Power", can be downloaded for free from my site It contains new ideas how to take the money and power away from the most powerful people, the elite. It strives to get a new society in which not money is the pivotal point of all discussions but the idea that all people have the same status. New action means are introduced to reach this paradigm shift (a revolution) that concentrate on direct actions in the living sphere of the elite.
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2 Responses to Legalised greed

  1. Pingback: Corruption is wide-spread and nobody does anything! | downwithelite

  2. Pingback: The importance of targeting people | downwithelite

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