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So you shouldn't pay at a grocery store also? At any other big company shop? Because as you said so eloquently: "The reason you shouldn't trust them is simple:

So you shouldn't pay at a grocery store also? At any other big company shop? Because as you said so eloquently: "The reason you shouldn't trust them is simple: it is the CEO and board's fiduciary duty to the shareholders to make the most of any company's immense market power. The legal requirements governing their behaviour are such that they have to ensure that of all the participants in a transaction, they win biggest and most often."

defrost 3y ago
Dunno about you but the (only) local grocery store in the small W.Australian town where I live is owned in majority by the local community who hold shares and see the books - the employees and store manager (all locals) get paid well and money is set aside for growth and infrastructure investment after which everything goes back to keeping prices low and supporting local farmers | business.
- hkt 3y ago
  That sounds lovely and idyllic - things like that rock and there should be more of them.
  - defrost 3y ago
    There's a lot of that here, it's a large state (3x size of Texas) with a low population (not much over 2 million) so a great deal of infrastructure is "socialised" from pooled money. Grain pools for farmers, state electricity, education structured to reach all, etc. It's a hybrid economy with elected representatives expected to represent those that elected them - and hasn't quite broken with scale yet. We've also pooled a lot of the CDN mirrors that serve an isolated state with enough local oversight to be sure many internet services ride over any disconnects from cables being ripped up. I'm in favour of locally robust networks - internet, food, reources, etc.
xigoi 3y ago
Grocery stores don't have a monopoly on selling food, so they can't arbitrarily raise prices.