(no title)
Braxton1980 | 6 days ago
This is an American quality where a person who works in a factory that makes extension cords and needs their job to survive would buy the cheaper lamp even though it's made in China.
Most people aren't willing to make financial sacrifices to help people they don't know EVEN if they might be affected by another person having the same belief.
mschuster91|6 days ago
There used to be other times and more honorable businessmen. Then came the Dodge Brothers who managed to get a court judgement asserting shareholder supremacy over long term interests [1].
The only thing I never understood is how in god's name Amazon got away with reinvesting profits and never dishing out to shareholders for decades.
[1] https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
cucumber3732842|5 days ago
The 1930s through 1960s (i.e. industrialization had matured but you can't construe it as "modern" business) are chock full of corporate raiders, acquisitions with nearly monopolistic goals, cartels, etc.
NickC25|5 days ago
Because in the US that's the case because people give a shit about cost - you could make financial sacrifices to help your community by buying local...but your costs of living are skyrocketing every year, the costs of your family are increasing, and the difference between buying from BigCorp (Walmart, Amazon) and from your local store (which is 1.3-1.7x the price vs BigCorp) adds up.
Sad but it's true.