this post was submitted on 24 Dec 2024
65 points (95.8% liked)

Late Stage Capitalism

424 readers
2547 users here now

A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.

RULES:

1 Understand the left starts at anti-capitalism.

2 No Trolling

3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.

4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.

5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.

6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc.

founded 3 months ago
MODERATORS
 

New research suggests that the company makes the communities it operates in poorer—even taking into account its famous low prices.

archive.org link

top 4 comments
sorted by: hot top controversial new old
[–] [email protected] 15 points 1 week ago* (last edited 1 week ago) (1 children)

The summaries in the article don't make these papers sound very convincing. My main objection is to the idea that places where locals prevented a Walmart from opening are a good control group for places where a Walmart did open. Not every community has the capability for the sort of activism it would take to prevent a Walmart from opening. Those communities that do have this capability are probably stronger than those that don't in other ways too.

[–] leadore 4 points 1 week ago* (last edited 1 week ago)

They may be, but the point was that Walmart chose all the places in both groups, so whatever criteria Walmart was using, is what was controlled for. IOW Walmart's criteria viewed them the same.

[–] [email protected] 10 points 1 week ago

Makes sense, the wealth isn't staying wherever the Walmart is, it's going to the family that owns them all.

Money that would have otherwise ended up more locally, with businesses that would have paid and supported their workers better.

[–] K1nsey6 8 points 1 week ago* (last edited 1 week ago)

Watch The High Cost of Low Price it's way worse than most people know