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 Originally Posted by wufwugy
They are, but that doesn't mean the competitive advantage is good for the economy. In many ways, it is, but in some, it's not.
Something as simple as Walmart being slightly more cost-efficient for consumers over the short-term can and has resulted in cascading effects and money and jobs leaving communities.
I'd say Wal-mart has been more cost efficient for a long long time. And they've also charged lower prices than competitors for a long time.
If the only "problems" they are causing is money and jobs leaving a community I would say those aren't problems at all. I don't think you're seeing the big picture. Should we pay someone more money to provide us with a good just because they live in our community? Is it a problem that we can trade with people who live outside our community? If the goal is for all of us to have more wealth, I think the best way to do that is to do the job that we provide the most value doing and buy goods and services from those who provide us the most value.
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