this post was submitted on 22 Mar 2025
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I thought it was owned by Walmart tbh, but apparently they sold most of it. They still retain 10% shares though.
Yeah it was sold a few years ago to a couple of brothers who made their money in petrol forecourts.
Interesting itโs people like this I really donโt understand. Like if I had a fraction of the money to be able to buy Asda, Iโm going to retire and enjoy my hobbies. I donโt get how you would want to make more money.
I've come to realize that a lot of these billionaires have mental illness, with some form of OCD/ Hoarding Syndrome. If someone hoarded cats, or newspapers, or junk cars, or any other single item the way these people hoard money when they already have more than they or all of their descendants could ever use, everyone would recognize them as having a mental illness.
But somehow, being so driven to accumulate MORE money, and to even conspire with other financial hoarders to take over entire nations to loot their economies, is considered an accepted aspect of capitalism.
Yes it truly baffles me how we have fostered this society.
I was listening to Gary from Garyโs Economics on the Diary of a CEO and he was tearing into the hosts on that show. What struck me is that Daniel, the host, seemed to have this simplistic view that if you want more money become an entrepreneur. Kind of glossing over the fact most people donโt want that, they want to earn enough money doing regular work. Then I donโt think he has even considered what the world would look like with Doctors, Trash Collectors, etc if everybody becomes an entrepreneur.
Then the owner will of the show Stephen shared a story about his mate who got rich and left the UK cause of the taxes. And again I canโt comprehend getting rich in a country and then leaving cause they want me to pay my fair share. I am happy to pay tax for the greater good, I just wish everybody paid their fair share.