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Originally Posted by Arminius
Lower prices are not the issue. Sales are. If they have the lowest price for the identical item, they will get the sales. They can't be put out of business otherwise, unless Walmart simply refuses to sell the item, no matter who it is sold by. As for negotiating lower prices, every chain does that. EVERY single one!
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Indeed; however, you have to admit that WM has taken it to art-form. To the extent of running businesses out for the sole purpose of acquiring them? Common in small quantities, but it seems Cancerous in big business.
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[antitrust laws]It doesn't apply.
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Of course it doesn't -- but
should it?
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Interesting that in a thread about the poor in other countries not being able to afford food that someone who promote protectionism for the sake of workers' rights. Only the employed are workers, and only competition will keep that ball rolling. History has shown this time and again. No exceptions, worldwide.
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I'm far from a business and Economic expert -- but I do know this: if someone loses their job, it's a hardship on the immediate and stratified parties. No matter where in the world you live. It impacts that nation's economy, stability, trade, and consumer confidence.
There are plenty of companies that are employee-centric that thrive worldwide -- including large, employee-owned operations.
Where does Food fall in the mix? The U.S. economy, fuel prices, grain (and other) exports, and the bottom line of the transport industry are crucial. Despite our arrogance, the United States' economy impacts the world markets heavily.
RH77