this post was submitted on 11 Sep 2024
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Ethical Consumerism
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"You should let us reduce competition in the grocery space, because with less competition prices will be lower."
That's a bold take.
Walmart has been doing it for decades to achieve its low prices. The problem isn't that it won't work, it's just still a shitty thing to squeeze every cent from your suppliers.
Wal*Mart does definitely squeeze their suppliers, and it does have relatively low prices, but it's hardly a charity. It squeezes suppliers, not so that it can supply customers with low prices but so that it can provide profits to investors.