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?

  • AdminWorker@lemmy.ca
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    1 year ago

    All the key provisions of the antitrust laws (sherman antitrust etc) have been effectively invalidated due to the incredibly high bar set by court precedents before a large company or (making a monopoly or oligopoly) can be sued effectively.

    As such the large companies can dance in an effectively no competition space (well some parts have competition still, but other parts no). Any small business with actual innovation is going to have to pay in competition, and inertia, and harassment by incumbent monopolies to get a hold, and the monopoly is most likely going to copy (Whatsapp to Snapchat) or acquire (Microsoft store to blizzard Activision). So any small business owner will get to look forward to bankruptcy, or lawsuits until someone else eats your lunch.

    Write your congressman about the antitrust laws? Start a business and hope you aren’t noticed doing something copyable?