Quote (JessiWan @ Aug 26 2023 07:31pm)
But we shouldn't evaluate a business purely in financial terms. We should look at it holistically. See if its operation benefits or harms the society. Just because a company is financially successful, it does not mean it's a good company. Maybe it got rich by doing some shady things. For example, Walmart's predatory pricing, where they deliberately lower the prices of their merchandize to an abnormally low level so as to drive out competitors (usually small businesses). And once the competitors are gone, they raise the prices back up. In doing so, they enrich themselves only. Neither small businesses, the consumers or society benefit. But they are financially successful. Another thing I have heard is that Walmart does not provide extended healthcare coverage to their part-time employees. So they teach these employees how to apply for their state's welfare benefits. Again, by doing so, walmart saves tons of money and is again financially successful. But you can't seriously look at it and say that they add value and benefit to our society.
If you have a problem with how a business makes it's money, you can advocate for changing laws. I happen to think Walmart is awesome because they provide jobs and cheap(and numerous) products to communities all over America. I also don't view it as a problem that part-time, unskilled laborers have to be subsidized by the state. That's not just Walmart... almost no company provides health care coverage for part time employees. That's an expensive benefit.