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If people were really smart, particularly in the USA, What do you think they'd stop doing by now? (kbin.melroy.org)

submitted 1 week ago by NeoToasty@kbin.melroy.org to c/asklemmy@lemmy.ml

50 comments fedilink hide all child comments

Giving money to Amazon, Wal-Mart, Microsoft, Google .etc

It's like, you can't have an argument for price gouging, when you're enabling them by spending. If people were smart, they'd stop giving them money 10 - 15 years ago and they'd be right now, trying to reconstruct so they can be more economically friendly than how they are now.

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[–] Didros 16 points 1 week ago (1 children)

That Walmart CLAIMED were closed for high theft.

[–] Fubarberry@sopuli.xyz 8 points 1 week ago* (last edited 1 week ago) (1 children)

You can look up videos of some of the stores that were closed, they were basically being straight up looted.

I remember seeing the videos, and thinking to myself how I didn't understand how they could afford to stay in business like that. So when they announced they were closing those stores for theft, I didn't really think the given reason was ever in doubt.

[–] Didros 10 points 1 week ago

"“The decision to close a store is never easy,” company officials said in a statement. “The simplest explanation is that collectively our Chicago stores have not been profitable since we opened the first one nearly 17 years ago.”

The stores lose tens of millions of dollars a year, according to the company, a figure that nearly doubled in the last five years despite numerous strategies to boost performance, including building smaller stores, offering local products and building a Walmart Academy training center."

https://news.wttw.com/2023/04/12/walmart-closing-4-chicago-stores-company-says-losses-have-doubled-last-5-years

Doesn't sound like theft was ever the problem here according to them?