Posted on 11/28/2023 8:37:39 PM PST by SeekAndFind
Amazon makes a huge chuck of its revenue from AWS and IT Cloud services. A lot of their sales are from vendors who use Amazon as a storefront. Amazon Prime is used to buy NFL football games and cheap/freee movies/music.
In other words, Amazon is not just or even primarily, an online Walmart, it is its own thing, and gets ots money from many sources.
I believe Lowe’s is planning something similar.
No wonder America is broke. Only manufacturing company in that list is Ford. Manufacturing is the biggest wealth creator for any country. Retail is at bottom of list for wealth creation. America has become a retail store for made in China goods.
No wonder America is broke. Only manufacturing company in that list is Ford. Manufacturing is the biggest wealth creator for any country. Retail is at bottom of list for wealth creation. America has become a retail store for made in China goods.
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This had to happen, starting in the 1960’s the American System of government decided to gut manufacturing and industry by stretching our supply chains into foreign nations.
The results of destroying these important industries, that are the backbone of any independent civilized nation, is the growth of nonessential employers and employers.
We’re now a nation of *Kamala Harris Types.
Free Republic Biden Republicans need to understand if they vote for Biden again, they want Harris negotiating with global predators like Xi Jinping & Vladimir Putin.
Country First? or Your Vanity & Ego First?
*Kamala Harris Type Definition- An imbecile that if you put in charge of important businesses & organizations, will lead to the destruction of those entities.
WalMart has hundreds of self-branded products which actively compete with US brand-name products for sale on its own shelves. Wouldn’t this practice qualify WalMart as a manufacturer of sorts, even as the products most manufacturers produce in other industries also include components made elsewhere and by other entities as well? OTOH, many brand-name manufacturers include a notice on their products which states they are not producers of store-branded alternatives to their own products. Confusing, yes?
“Walmart’s revenue would be enough to rank around 27th in the world, more than the GDP of Sweden, Singapore, New Zealand and Norway.”
If you count debt, the USA could be added to that list.
EC
What really ticks me off about Ford is the government push to go EV, even for trucks, and Ford working to comply.
LOLOLOL
“EV”
It’s been cloudy for quite a number of days here in Florida.
It’s been chilly for about two days.
The solar cells have not been very productive.
“Retail is at bottom of list for wealth creation.”
Branding can be very lucrative - often far more than manufacture.
Sometimes Americans get to buy close to the manufacture price on some things. This gives an idea of the mark-ups branding can allow.
“Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis. Clients will often use this in combination with autoscaling (a process that allows a client to use more computing in times of high application usage, and then scale down to reduce costs when there is less traffic). These cloud computing web services provide various services related to networking, compute, storage, middleware, IoT and other processing capacity, as well as software tools via AWS server farms. This frees clients from managing, scaling, and patching hardware and operating systems. One of the foundational services is Amazon Elastic Compute Cloud (EC2), which allows users to have at their disposal a virtual cluster of computers, with extremely high availability”
“Revenue US$80 billion (2022)”
“Operating income US$22.8 billion (2022)”
https://en.wikipedia.org/wiki/Amazon_Web_Services
But they pay “associates” barely enough to live on.
What drove American manufacturing overseas was EPA and OSHA. Not that either were bad things in principle, but the way they were administered was stifling. I was there. I spent more time engineering compliance to incomprehensible regulations, written by moronic non-engineers, than I did engineering the products.
And like all bureaucracies it's only gotten worse.
See: Jerry Pournelle's Iron Law of Bureaucracy,
And I've sometimes found that I like the "house brand" product better than the "name brand".
A major plus for Walmart in my book is their policy of selling prescription drugs for prices far below the big name pharmacies. My personal example is insulin, (which can actually be sold OTC in my home state of Ohio). Rite Aid tried to sell it to me for ~$115 a vial. Walmart: $25.
Because the high level of skill needed to be an “associate” at Wal-Mart should garner a salary well over $100,000 a year...
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