-43
submitted 1 year ago* (last edited 1 year ago) by soulifix@lemmy.world to c/asklemmy@lemmy.world

I'm going to come to the conclusion that people are simply uneducated. Simply based on the responses I've already gotten.

Let me prop up a very common thing that people love to absolute hate - rich companies. Particularly, Wal-Mart. They say everything and anything to bash the company. While some of the things said is valid, like running small businesses out and maybe corporate doesn't have all of the answers and the Waltons are particularly greedy.

Yet when I decided to google Wal-Mart's operating expenses, we're talking hefty amounts to run all of the stores it has, plus it's operations overseas. It's still a lot and I felt a ting in the back of my mind that maybe there is a bit of a reasoning for why a company as big as Wal-Mart has to do things like cut down expenses or lower wages a little.

And people simply don't understand how that part of business works. They're not in the shoes of the people operating a big company and they don't understand how much and what it takes to run a giant franchise. They think it's as easy as being sat in a position and all of the money the company is withholding is all in some giant vault, that'd be withholding billions that they can distribute or something.

So is all of the hate that something like this gets a little exaggerated because people don't understand or is it justified?

you are viewing a single comment's thread
view the rest of the comments
[-] DharmaCurious@lemmy.world 7 points 1 year ago

Adding onto this that Walmart and similarly large companies use what is effectively a planned economy (that rivals or exceeds the size of some actual nations). There is no need for the executives to be making these last minute decisions on stock placement or layoffs or any of the shit they supposedly do. If Walmart transitioned to be employee owned (not through stocks, but actually employee owned), it could maintain the same centralized planned economy nature (since it's almost entirely run through computers). It could benefit the workers directly, lift the economies of of the communities it existed within, and be an actual force for good in the world. All whole the actual products it sold would be much cheaper because they wouldn't be supported an ultrarich parasitical class.

But instead it benefits like 100 people, and the planet gets to burn in response. Yeah, no, it's not that we don't understand. It's that we do. These companies aren't just bad for their workers, they're bad for literally everybody.

this post was submitted on 27 Jul 2023
-43 points (12.3% liked)

Ask Lemmy

26749 readers
461 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS