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by AnthonyMouse
2505 days ago
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> Had he, maybe the price and selection would not have resulted in that degree of wealth extraction (generation) Not really. The profit on buying for $8 and selling for $11 is about the same as on buying for $9 and selling for $12. You make a little less, because there is lower demand and you have higher initial capital costs for inventory, but it's only a marginal difference. The reason they don't do it regardless is that if Sam Walton tries selling only the carbon-priced thing for $12 when some competitor is selling the bad thing for $11, the customer chooses the lower price. There is still a Walmart-shaped thing in the economy whether or not it's called Walmart and founded by Sam Walton, because most customers choose that over the thing that costs more. Because they have instant personal feedback into the price and the taste but not into the long-term health effects of sugar and red meat. But if you can solve that for voters then doesn't the same solution work for customers? |
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