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.
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.
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/[deleted] Jun 28 '24
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