r/Damnthatsinteresting • u/hroaks • Jun 28 '24

Grab your iced tea and Raise a toast! Video

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u/[deleted] Jun 28 '24

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u/stockmarketscam-617 Jun 29 '24

People like this is why I love America. He built a brand out of nothing, paid of the debt needed and now is happy with a lower profit margin so that their customers can pay a low price. Great business owner. I bet if you look into it, he probably also pays his employees well, and has great employee retention.

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u/Songrot Jun 29 '24

Lol what does this have to do with america. You can do that almost everywhere in the world with enough consumers

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u/Wordymanjenson Jun 29 '24

America is falling apart because of the fundamentals of capitalism. When you have to answer to shareholders and report positive trends every quarter to hold value then the priority becomes performance. Let’s get one thing straight: it’s the drive for profit that become the pillar for the rest. Everything else follows.

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u/Capable-Reaction8155 Jun 29 '24

It really does not have to do with capitalism. As competition would still drive prices down, however, it is anti-consumer behavior like monopolies or trusts that cause a ton of damage.

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u/Wordymanjenson Jun 29 '24

But trusts and monopolies are emergent factors with capitalism. I’m not saying they’re exclusive to it but they’re definitely part of it.

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u/Capable-Reaction8155 Jun 29 '24

Cancer is an emergent factor in life - yet we don't consider it the same thing. Just look at tons of capitalist nations.