this post was submitted on 22 Jun 2023
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Mildly Infuriating
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You voted with your wallet. That's how capitalism is supposed to work.
except actual voting is 1 person = 1 vote. shareholders, corporate conglomerates, and lobbyists have made it that 1 person gets millions upon billions of votes. when we do vote with our wallets and buy from the places we want to support, the corporations always win in the end. either by buying them out, or because what we supported decided to cater to shareholders instead of customers. just look at what happened to reddit
If capitalism worked Buffalo Wild Wings wouldn’t exist. Trash food. Go to a local pub or something.
We don't have pubs in the area next to my local BWW. Lots of places don't have pubs.
Ya that makes sense.
Capitalism does work in the voting with your wallet. However there's two things that tend to get in the way. Laziness and mergers. Either customers don't care and/or all your other opinions got bought out.
You forgot regulatory capture and socialism for the business owners
The value that chain and fast food restaurants bring isn't quality. Their value is (1) convenience, and (2) consistency.
Many people will often prefer to have a known quantity quickly in preference to a highly probably better but uncertain quantity slower. Every Dunkin Donuts has donuts that taste the same as all the other locations. That's more valuable than people think.
That's why those locations are successful.
These chains are going out of business because their demo is dying. People who know how to use the internet to find well liked local spots don’t go to these places.
https://moneywise.com/life/food/millennials-are-killing-off-these-restaurant-chains
That's how free markets work. Free markets and capitalism are different things.