McMillon stated an essential trend in capitalist markets during CNBC’s Evolve Summit earlier this week.
“Retailers come and go. It’s really simple: If you’re not meeting the wants and needs of the customer, you’re done. There’s not a lot of loyalty here.”
-Doug McMillon, Walmart CEO
A company that can’t meet the demands of market forces will either be swept aside by competitors or crumble. To help combat the competition and stay on top, the Walmart CEO also brought up the importance of experimenting with new ideas, products and services.
However, that experimentation simply cannot happen effectively (or at all) under a socialist paradigm. Lefties who advocate for a socialist utopia simply don’t understand the practical consequences of their policies. Imposing unnecessary government mandates on business operations inevitably leads to stagnation and suppresses innovation.
McMillon also illustrated the fragility that many businesses live with on a daily basis, which isn’t taken seriously by socialists.
"CEO Doug McMillon said at CNBC’s Evolve Summit on Tuesday morning. 'We could go away at any minute. I think most of us act that way every day. If you’re not willing to fail — and we are failing at some things — you’re going to go away.'” https://t.co/PbI9hQuP6s
— Christine Hernandez (@recruiterch) November 20, 2019
Corporations need to be dynamic and ready to act at the snap of a finger. Not only are businesses in a socialist environment too slow to adapt to market forces, the government siphons crucial financial resources from companies. With less capital to utilize and experiment with, corporations under socialism are sure to fail.
If the Left can’t understand the severity of their actions when it’s coming straight from the horse’s mouth in the form of a top retail CEO, then perhaps nothing can change their minds.
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