Re:The reason the local mall is failing (2018)
by deanak on Friday March 19, 2021 @02:45AM
(#26510642)
Walmart purposefully designs their pay structure to externalize their labor costs to taxpayers.[1] They have gladly led the way in lobbying for offshoring manufacturing jobs.[2] They do everything they can to avoid paying taxes and bust unions.[3][4]
They will burn a small town's economy to the ground so they can turn a profit selling goods produced in sweatshops and labor camps. If that's not evil, I'm not sure what would qualify.
[1] https://www.gao.gov/assets/gao-21-45.pdf
[2] https://www.sourcewatch.org/index.php/Walmart#Walmart_is_a_D...
[3] https://qz.com/1701404/walmart-allegedly-created-fictitious-...
[4] https://www.cbsnews.com/news/union-walmart-shut-5-stores-ove...
Re:The reason the local mall is failing (2018)
by m463 on Friday March 19, 2021 @04:19AM
(#26511071)
To be clear, I was more making a point about market forces more than "walmart is evil" (although they are a ruthlessly efficient distribution system)
I know walmart is bigger, but I wonder if (when?) amazon's market cap will surpass it.
I don't know if walmart can transition if that's the endgame. Will they transition to online like netflix, or blockbuster?
Re:The reason the local mall is failing (2018)
by amanaplanacanal on Friday March 19, 2021 @06:03AM
(#26511645)
They already compete with Amazon online, but I don’t know how much of their sales occurs there vs in-person
Worth a listen if you want a counter point to the “wal mart is evil” trope.