3 ms·
You are right, my tone suggests that I think people were stupid or actively chose Walmart over their local grocery store. I don't think that and should have wor
by xrd 4y ago
You are right, my tone suggests that I think people were stupid or actively chose Walmart over their local grocery store. I don't think that and should have worded it differently.
I do think it is a combination of the economic realities of people in small town communities where jobs are scarcer. And, I do think that most people, rich and poor, don't consider the impact of spending a dollar at a monopolist chain, and that most of that dollar immediately leaves their local community. If they spent it at the local grocery store, that money would recycle into the community 5,6, 7 times. I know moderately wealthy people who can't get past the poverty of their youth who are still excited that they can get milk for 75c cheaper at Walmart (despite what I consider poorer quality goods). It's an assessment I think is mistaken, and I believe was an active calculation Walmart and Amazon make on purpose.
"Low prices" is a really powerful drug to almost everyone. But, IMHO, it only works when you have monopoly power like Amazon and Walmart and can afford to underprice certain goods and negotiate prices in bulk in a way that small stores cannot, and I wish more people considered this.
Point taken, and thanks for your comment.