• Pi
ñ tilthat
TIL Walmart failed in Germany for a variety of
reasons, including being convicted by Germany's
highest court of "predatory pricing" because their
prices were too low
via reddit.com
BUP-THE
FUCKING WALL
I'm no friend to big business but please explain to me
without using Keynesian economic theory on why
low prices are a bad thing
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  • 2555 comments

    • I read that Walmart did this in a town. Then after all the stores were closed Walmart decided to leave the town like 5 years later. So it just kinda destroyed a small towns economy and stuff
      NerdFAQs 27 jul
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    • Uber is doing this too, but it’s actually not working for them because local taxi companies aren’t folding fast enough so they’re actually gonna be in big trouble soon.
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    • Just remember kids! Big business is NOT your friend, and you have just been conditioned by politicians and media to think they have your best interest at heart.
      queazyal 27 jul
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    • You should get fined twice the amount in benefits received if your workers need to be on government assistance with a few exceptions imo
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    • Capitalism is good in a lot of ways. Fundamentally, the free market is great. But there are a few big loopholes in capitalism that cause actual major harm to society, and they need to be fixed. A lot of people will say that's socialism, I think of it as fixed capitalism
      danhavii 27 jul
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    • Dang. . . That's fucking despicable
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    • Aight so, what I’m hearing is, you should stop taxing small businesses to death
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    • But they bring us so many low paying jobs!
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    • The only reason companies can do this is because our government is supporting it. Dont put your hatred at the companies when the problem will never be solved until we fix the government.
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    • The US needs another anti-monopoly President to reset all this bullshit
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    • I've always taught my people it's only okay to steal from Amazon and the Government. But if Walmart keeps their shit up, we get a third.
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    • It is your moral obligation to steal from walmart at any opportunity
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    • It’s funny because people who criticize capitalism for its numerous flaws are immediately written off as “commie scum” and disregarded but you can criticize and make fun of communism all you want, and everyone will agree with you, despite both being equally flawed systems
      semeMdaeD 27 jul
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    • So this is why everyone hates me in MONOPOLY...
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    • American capitalism fascinates me. Because you guys refuse to regulate it to your own benefit. It’s like you have the most powerful engine ever and then you decide to not add a transmission or any regulation at all. The result being that you get overtaken by a fucking Nisan leaf
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    • Walmart does not do this in the united states. Here predatory pricing is illegal and selling at a loss is a huge factor courts consider with this offense. However recently courts have allowed amazon to sell at a loss or near loss.
      mixedking 27 jul
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    • Remember to steal from your local walmart
      UraFag 27 jul
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    • I dont think working is sla*ery if you agreed to it. But that term wage sla*e hits different and has truth to it. Not that everyone should get piyy, but some people can't acquire new sk!lls and will never progress throughout their life, while the company they work for could in fact help
      Imaculate 27 jul
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    • I work at walmart, yes I'm 18 but the pay is 11.75 and compared to the past 7.25 at arbys I wouldn't consider the pay "pitiful", jobs like walmart employee (unless manager or above) are meant to never be forever. For someone my age that's good pay and since they make alot too I get 2 paid breaks :)
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    • My town actually has a solution to this. We have a Target, and a Walmart within a half a mile from each other. That way they are constantly competing and can never jack up the prices lest they be kiIIed by the other. THIS is how capitalism is supposed to work.
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    • I feel like amazon could be classified as a monopoly since there really aren't any other major online retail stores
      MrGarbage 27 jul
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    • Keep in mind that predatory pricing cannot work without government intervention. For example, in Europe in the mid 1900s there was a cartel that sold somethimg at ridiculously high prices. An American wanted to expand his market and came over and threatened theirs with lower prices 1/2
      morocco 27 jul
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    • Yeah that's called business. But tbh after sam Walton died the company has gotten alot more malicious
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    • So we going for the head of Walmart in the Boog?
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    • This is why I am for a regulated capitalist economy, the free market is great, but there must be safe guards so the whole thing doesn’t implode and monopolies form (ie big tech companies)
      GR8B8M8s 27 jul
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    • Okay but Walmart employees are not paid shit wages. I know here in Michigan anyway, the minimum wage is $9.75/hr and Walmart’s starting pay is $12/hr with a guaranteed raise after 90 days. I worked there for a short time. Even tho the money is great, it truly does suck to work there
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    • Kind of like how the lockdown is causing small buisnesses to go bankrupt while all the major companies have millions to billions of dollars of assets to lean on until this all blows over.
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    • I’m not sure I can take a website called diapers.com seriously
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    • Hello everyone, I’m here to educate you about predatory pricing. Antitrust laws are put into place to prevent predatory pricing (making it entirely illegal) in most of Europe and all of the US. Adam Smith spoke v poorly of monopolists and was also aware corrupt politicians would encourage them...
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    • There is another very important negative effective of this kind of pricing that actually destroys quality in the supply chain. Because Walmart is so big, and getting your product into Walmart almost guarantees success, Walmart can effectively force most of there suppliers to sell to them at the...
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    • They do the same thing to the farmers in the US as well. Ideology adopted by the Reagan admin encouraged farmers to “go big”, but because there are only a couple entities large enough to buy all their produce, they are forced to accept whatever price Walmart/Publix offers them.
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    • Hmmm I wonder if huge companies are promoting the virus and lockdowns since they’re allowed to be open, have good online sells, or can afford to be closed while small business are forced to close down by the government and go bankrupt? Also news stations get their money by big companies buying ads
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    • I work at walmart, the lowest you can get paid there is 13 dollars and it's being bumped to 14 this year, you get an hour for lunch and two fifteens so tell me again how walmart doesnt treat employees fairly.
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    • Hang them billionaires
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    • Wal-mart pays something like $11 an hour where I live (minimum wage is $7.25 for my state), still have to pick up a second job, but not slave wages at least.
      Kranis 27 jul
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    • none of you watch southpark and it shows
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    • I’m about to work at walmart, I’ve heard it’s about 14 an hour so that’s pretty good as a teenager lol
      luhFella 27 jul
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    • It’s called jewish usury
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    • It’s called free market sweaty
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    • This is my general thinking process. The government is not your friend. The police are not your friend. Big business is not your friend. Nobody that exists in the mercantile or formal or corporate world is your friend because they are driven by their own agenda that is so inflated by their....
      simian 27 jul
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    • This is why I'm libertarian, fuck the goverment, fuck giving companys subsidies, I want the government so small that giant corporations trying to lobby would be pointless and useless. Fuck the goverment, fuck the people in power and fuck all the people who keep voting for the same damn two choices
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    • Capitalism often needs saving from itself
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    • The Elite in the US pay lobbyists to support screwing over poor people. The lobbyists pay politicians lots of money. The politicians gain so much money that they become the Elite. Now the politicians don’t even need lobbyists to convince them to want to screw over poor people.
      AURAXXUR 27 jul
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    • I would like to point out that the average starting wage at Walmart is very good for an easy job like that and is one of the highest paying jobs a high schooler or just graduated teens and young adults can get
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    • That's what a lot of Chinese firms did in the 90s and early 2000 to cripple western industry. They mainly brought down the textile markets using money granted by their government, and now Chinese textile costs a lot more and you can barely get a well made t-shirt anymore
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    • Last year my Utah Wal-Mart was selling sour cream and onion potato chips for $0.88 cents and child and flu medicine for $0.99 cents. This year it's $2.88 and $2.98. Talk about jacking up the prices!
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    • So hold up, I can’t argue the price changes and stuff, but I works at Walmart for a year and a half, until about 6 months ago, and they actually pay pretty damn well. It’s nothing extravagant, but the lowest pay bracket where I am is $11.50/hr, which is super reasonable, plus there benefits 1/2
      Oriun 27 jul
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    • It's not that simple, but that's the concept. Sometimes that other lemonade stand is still there, you just stopped looking for it
      Yort987 27 jul
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    • I’m just gonna leave here that I make almost 13 and hour, and I started 3 months ago, and my friend was a manager at a pizza place, and barely made 8 an hour
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    • Walmart sells for low prices, I like Walmart
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    • These people inherently hate capitalism
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    • So I’m just reply to myself. Walmart is paying more than minimum wage by a good margin, but everyone wants to complain it’s not livable. Take that up with the federal gov’t to raise minimum wage! Don’t blame Walmart for paying more than is legally required and saying it’s not enough.
      KhalDoggo 27 jul
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    • They do this shit all the time, in my small hometown theres literally only a crappy dollar general and a Walmart to buy groceries at unless your going to drive a half hour, and the prices at the walmart are normally about 4 times anywhere else even other walmarts
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    • Corporations are slowly taking over, to the point that government officials will have less power than a business CEO. Considering both parties are doing nothing but debasing eachother the people will also lose confidence in the government and will turn to cooperations. This isn't necessarily bad.
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    • Bro, y’all know that you don’t own any of the games and items on Steam. Also, Steam items have no value. This also goes for digital movie purchases, and other online game purchases on things like PS4/XBox store, and on Nintendo Switch. Lack of regulation and legislation protecting consumers.
      Quacked 28 jul
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    • If I remember correctly, Walmart also will find new things like a baked good from a small company, put in an impossibly large order that requires the company to buy new machinery and go into debt to fill on the hope that the payoff covers it. And then back out of the deal to bankrupt them
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    • Everyone makes the claim that Walmart does all of this and then "jacks up the price" but it literally doesn't happen. And other stores, like Target, Amazon, etc, have to compete as well. Competition leads to lower prices which is better for everyone. Cronyism isn't capitalism. End govt monopolies
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    • the issue is mal mart has no direct completion on a national scale. sure you can say target and cost co but both rely on different target markets (target being upper middle class and cost co earns its money through subscriptions) having multiple competitors keeps company’s prices honest. look at(1/?
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    • I get that what they do is wrong, but they don’t pay incredibly low wages. Where I live minimum wage is $7.25. The stores here won’t start you any lower than $9 and after a year you make close to $10. I get what they do may be wrong, but stick to the facts it makes the argument more valid.
      KhalDoggo 27 jul
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    • Walmart has also raised prices during the panic of covid-19. They also have announced on the news that they're giving us another hazard pay bonus. Which is only our quarterly bonus plus $150.00/PT and $300/FT. we got one in April and will in August. But customers are coming in and commenting that
      BooBoo88 29 jul
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    • I laugh whole heartedly at the email and commercials saying they are doing everything to protect their employees and customers, here’s the not so secret, NO THEY ARE NOOOOOOOT!! Not cleaning properly(if at all), they have no spine with customers, and will protect their upper management at all costs.
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    • Big business is my friend. They started small too but they worked hard. And now I can buy stuff at low prices.
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    • Walmart’s Employees dont get paid THAT low, and besides... it’s fucking Walmart. Get educated (trade/college etc) or join the military. Don’t yell at the lie hanging fruit for its low yield.
      SpeiX 27 jul
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    • So why has no one overthrown Walmart yet?
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    • But, and I'm not sure how it is elsewhere, in my town, that's one of the best paying jobs you can get. Buggy pushers start at $11/hour
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    • The diapers company isn’t a good example. Those guys sold their company for well above profit and then created search algorithms/websites that were also sold for millions. If you are a smart hard work wrong person you will always find success.
      Jalen_S1 27 jul
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    • Walmart should pay their employees beginning $15 an hour. Also that’s a very smart tactic to use
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    • How Walmart gonna go lower then Lidl??? Fuck even in the US Lidl is jacking them Walmarts with lower prices and higher quality
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    • I think i heard walmart has its own minimum wage now but correct me if im wrong, currently the starting wage for walmart in my state is 12.75 and the minimum state wage is 10.60. My walmart also offer stock options and full time benefits along with a summer bonus of a dollar or two more an hour
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    • Which SOAD song is this again?
      Karsten02 30 jul
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    • Here’s my thing on all this; Every company that screws employees over and is ridiculously greedy, is given tons of federal funding by the government. If they didn’t have that, they wouldn’t be able to to do that. So, it’s the governments fault basically, and wouldn’t have happened without them
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    • Any yet people still shop at big businesses
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    • Walmart can afford to set prices low because they focus on distribution. They have one central warehouse that all of their stores in the area receive from. They order in such quantities that they receive a bulk discount. They then pass the savings to the customers.
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    • See in reality competing supermarket chains like target compete against Walmart and drive their prices low low low. Does anybody in the US think Walmart has high prices? If you do you’re fucking stupid
      Bobo2 27 jul
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    • It's so funny hearing about big businesses get accused of predatory pricing. If a business charges prices too high they get accused of being monopolistic and get penalized for that, but when they charge a lower price they get called for predatory pricing, which, by the way, has no unanimous (1/2)
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    • Sooo all i took from this is dont hate walmart hate the people who created the system that lets walmart thrive in such manner do your research and vote kids
      murillog 27 jul
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    • Some positive things about Walmart. 1. They offer a 401k to FT employees 2. They start employees at generally higher wages than other grocery stores 3. They higher a wider variety of people (old people as greeters because they can't do anything else. Not saying they're all good, but they ain't all b
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    • Not that I'm trying to defend walmart or anything but $11/hour starting out isn't slave pittance at least compared to minimum wage
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    • I mean this is capitalism; yes it’s an abuse of the system and uses what we’d consider dirty tactics to close down small businesses , but isn’t capitalism what this app loves ?
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    • Germany used to always have good ideas
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    • If only the media would do the one thing that would be useful and report on these shady business practices, but noooo we need to know which celebrities are getting divorced for the third time.
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    • I mean have you ever been to Walmart... the prices are still lower
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    • The best way to fight against this system that is designed to suck out your finances in any plausible way whether through wage slavery, taxes or a myriad of schemes is to get the masses to agree to a different standard of money. Not backed by “precious” metals like gold or even worse; gvt say-so
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    • Walmart pays well over min wage to tens of thousands of workers while the small businesses you are protecting pays a few people as low amount as possible while also having higher prices😂 hypocrites
      MCZAP 28 jul
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    • Um yeah that's whole sale false. Walmart has regional prices. They cant just lower prices artificially for one store. Walmart makes money by being able to provide lower prices in general than smaller stores bc the make so many transactions. Just like McDonalds.
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    • This happened to the town where I live at. Literally no other store you can buy grocies from, so basically fuck you if you get banned from it.
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    • Tf you mean Walmart pays nothing lmao. Walmart starts at 11/hour. It’s fucking Kroger that pay their workers 7.25
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    • And this is exactly how free market capitalism always results in monopolies. The glorious ideal of competition doesn't prevent it because wealth breeds wealth.
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    • Okay yeah that's not all true. I work in the Deli, and the wages at my walmart (I would assume it's a company-wide thing) start at 11.50/hr, and we get redular holiday / hazard pay bonuses. They don't pay us hazard pay, but we ALL got a $150 bonus for COVID. Plus you can get a raise every 6 months.
      DTH30 27 jul
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    • not gonna finish reading it, because i bet the tumblr master economists will say “that’s why capitalism sucks.”
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    • Everyone likes complaining about Walmart but y'all still buy from them
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    • I love all the people on here who are the first to talk about how we all worship billionaires who don’t give a fuck about us are the same people defending Walmart and other companies for not paying fair wages bc “mINimUm wAGe IsNt LIvInG WagE “
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    • That’s why I steal from walmart tbh
      ALXZNDER 27 jul
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    • I hate big business and I don’t like walmart but I had to dislike this post because this bitch complaining about minimum wage. if you’re sitting behind a counter all day just exchanging money for someone else you don’t deserve more than $8/hour. go get a useful job somewhere.
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    • Walmart makes a $30,000 profit...every second...yet they fill out life insurance policies on every employee so where they die Walmart can fuck the family too...even if it's been 20 years since the employee quit they can never get life insurance...
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    • I am grateful for what Walmart had done. All you idiots in this app should read a few books about Walmart. Read some from different point if views. Open your damn eyes.
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    • eat the rich
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    • Walmart is a Chinese retailer
      oldjoeace 27 jul
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    • I see no problem, if losing humanity is what it takes to succed in the world, then that is totally fine. Let the weak fend for themselves.
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