Walmart Canada to stop accepting Visa cards

[Mytur Binsdirti]

Our society is collectively at fault for allowing the shark to feed off our people & grow so big & powerful in the process.  

And WM is just one of the bigger sharks.  We've allowed lots of them to munch on us lately.  

That is true, and it's been happening for the past 100 years. Local general stores gave way to the Five & Dime stores, which gave way to FW Woolworth which gave way to larger regional chain stores which gave way to Walmart. You can look at every chain store and restaurant today and work backwards to see what businesses were eaten up along the way. The same goes for the big three auto makers and so on................  

[68X426]

which gave way to Walmart.

Which is giving way to Amazon.

( 2015 Walmart sales down -2%, profits down -8%, closing 250 stores. The shark isn't doing too well. )

One day Amazon will give way to some retailer not even in existence today.

[Mytur Binsdirti]

which gave way to Walmart.

Which is giving way to Amazon.

( 2015 Walmart sales down -2%, profits down -8%, closing 250 stores. The shark isn't doing too well. )

One day Amazon will give way to some retailer not even in existence today.

Exactly.

[Ponch ®]

that's what businesses are supposed to do. Idn't it?

There are actually businesses that are socially responsible that still turn a profit. The bigger and more profitable a business is, they more opportunity they have to achieve in both areas. Walmart chooses to measure their success heavily on profits - so for example, we taxpayers end up paying for all the emergency room visits Walmart families rack up because Walmart provides such limited heath care to their workers.

Now, I wouldn't call not taking Visa as socially irresponsible. It's just another look into how Walmart so heavily values profits above all else (e.g. customer convenience in this case).

As others have pointed out, I have never spent a dollar there and never will.

they can be socially responsible if they choose to be. But they don't have an obligation, moral or otherwise, to be.

[RallyeMike]

they can be socially responsible if they choose to be. But they don't have an obligation, moral or otherwise, to be.

That's absolutely true. The same can be said or people who choose to shop there or not.

[Ponch ®]

they can be socially responsible if they choose to be. But they don't have an obligation, moral or otherwise, to be.

That's absolutely true. The same can be said or people who choose to shop there or not.

which really ties nicely to my point: the free market will dictate what they do, as it should be.

[68X426]

the free market will dictate what they do, as it should be.

Now there is a truly radical idea. 

[Mike DC]

            
The free market will keep huge corps in line?  


Umm, no.  

Bringing the example back to the individual scale - psychopathic criminals will not be kept in line just by social pressure from the rest of us.  We need police & courts & prisons.   

[Mytur Binsdirti]

           


Bringing the example back to the individual scale - psychopathic criminals will not be kept in line just by social pressure from the rest of us.  We need police & courts & prisons.   

What's this got to do with the price of corn flakes at WalMart?   

[RallyeMike]

which really ties nicely to my point: the free market will dictate what they do, as it should be.

There's no such thing as a "free market" on any large scale. That a business can/will do whatever it wants to in the "free" market and not suffer some consequences, or that it is "right" because they are free to do it is not reality. Of course it is all part of Wallmart's plan - they don't mid losing conscientious shoppers as long as the profit is maximized, and obviously its been working out pretty good for them in the terms they measure success by.