this post was submitted on 03 Jul 2024
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US Authoritarianism
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Is this so much Wal-Mart's fault or the Chinese gov that way undercuts western wages?
Wal-Mart, they explicitly muscle local supermarkets out of rural towns
Yes, by undercutting them with goods produced by Chinese labors getting very low wages.
I believe they actually take a loss on their products until the local stores are priced out, propping up the store on their billions. Then they can jack up their prices to make the money back.
Looks more like the US government's fault by allowing export of American jobs to a foreign power. But if you call Mystery Incorporated, you might be shocked to see corporate benefactors under the government's mask.