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Walmart chooses to be a low-margin business, it's not like they're doing it out of the goodness of their heart. There are countless stories of them driving the
by wavefunction 9y ago
Walmart chooses to be a low-margin business, it's not like they're doing it out of the goodness of their heart.
There are countless stories of them driving the profits out of their supply chain through their scale. They've driven small businesses out of the rural areas they favor as their bread-and-butter. I would conclude in my assessment that their low prices do not really serve anyone other than the Waltons who reap the billions in profits each year.
I don't look at Walmart as a net positive for society.
- skybrian 9y agoThey also save their customers billions of dollars. (That's the flip side of running their competitors out of business.)