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Buying American doesn't increase shareholder value or executive bonuses. Reducing costs does. At least, that's the mantra Walmart became the giant it is beca
by blunte 7y ago
Buying American doesn't increase shareholder value or executive bonuses. Reducing costs does. At least, that's the mantra
Walmart became the giant it is because while people agree that supporting local businesses is important (especially when they and their neighbors own those businesses), they still could not help themselves and chose to do their shopping at Walmart because it was cheaper. Then many of the small local businesses died.
Modern (American/western/and-possibly-everywhere-else) people are really terrible at balancing short vs long term priorities.
- nojvek 7y agoWhen you're living paycheck to paycheck, every dollar matters. The problem is things are cheaper from china, because China as a nation invested in their ecosystem of manufacturing. Ports, roads, tax incentives, loans e.t.c US on the other hand did not invest in themselves as heavily. It's like a rich son having someone else do his assignments and when the end of year exam comes, he's fucked because he didn't put the effort in learning himself. The more we take China take the lead and we rely on them, the more we lag behind.