Wendy’s is set to close hundreds of restaurants as customers struggling financially cut back on dining out.
Interim CEO Ken Cook announced on an earnings call Friday that the fast food chain will close a “mid single-digit percentage” of locations. With about 6,000 restaurants, Wendy’s could shutter between 200 to 350 locations.
Cook said some restaurants are expected to close as early as later this year, and locations will continue to shutter in 2026.
That’s silly. It worked great for centuries. Now we are facing a new situation where it does not work and creates problems it cannot solve which is why we should look to a new system.
We have been under the control of Capitalists for at least the last 150 years, and humanity hasn’t gone extinct yet
This can be said about literally any economy or social system ever…
The propaganda about people living better under capitalism than previous systems is just propaganda
Im not claiming we need to perpetuate capitalism. Im saying the opposite because it did work really well and brought a ton of people out of poverty. Now it’s killing the planet and we need a collectivist solution to that problem. Capitalusm is by nature not collectivist and will never address our environmental collapse.
I just want to be the nerd that says if the system started and worked well enough to sustain itself to a point, and then stopped working, that would be a failed experiment right.
No because governments are not experiments. There are times when differing system’s strengths make for a better choice than others. For example representative democracy works great when almost everyone can read and do math. Representative democracy is a shitshow if most have no education because you need an informed population to make sound choices.