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I cant believe you're serious. People didn't vote with their dollars. They needed to eat so they sacrifice the long term for the short. companies like Walmart

I cant believe you're serious. People didn't vote with their dollars. They needed to eat so they sacrifice the long term for the short. companies like Walmart are able to leverage their miniscule effective tax rate compared to mom and pop stores to offer cheaper goods, combined with the FACT that they artificially lower prices to a point where an individual store loses money all for the sake of driving the local competition out of business which has no other operations to soak up losses. Walmart has innovated in logistics and supply chain management but make no mistake they offer poor quality goods which exploit cheap foreign labor at the long term expense of our middle class

zo1 11y ago
>"They needed to eat so they sacrifice the long term for the short." And they would not have had to sacrifice if they went to the "mom and pop stores" instead? You're not really addressing the point of Walmart actually being cheaper than the mom and pop stores, and thus got more sales. Precisely leading to what the OP said of poor people voting "with their dollars". >*"Walmart has innovated in logistics and supply chain management[...]" Exactly how they made life easier for the poor, by transferring enough of the cost-savings from the efficiency to both undercut the wasteful mom and pop stores, and to save the poor customers money.
soared 11y ago
Are you claiming Walmart's success is based on a low tax rate and their effectiveness at driving out competition? I don't support Walmart by any means but they do a whole lot more than what you give them credit for.