this post was submitted on 28 Jan 2025
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I don't think local drug stores can afford to be cheaper than a big corporate chain. But the pricing isn't the point, it's fostering competition against corporate monopolies.
Remember that the single purpose of corporations is to make more and more money. By their mandate to their shareholders, all measure of humanity is pushed into the background in favour of growth. The ultimate goal in that pursuit is monopoly: Being the sole supplier for their customers would allow them to dictate sales prices while being the biggest or even sole customer for their suppliers would give them leverage to shift prices in their favour. Their capital backing allows them to cushion out fluctuations in revenue and take losses, so they can afford to underprice and drive out competition, then crank up the enshittification to extort more money from their customers.
A (comparatively smaller) local store has less leverage to enshittify and exploit. Investing in their higher prices is an investment against that enshittification.
Sure they can! It's not like their owners are surviving off of beans and rice, lol.
No, but their owners don't have the bulk buying power to negotiate for better prices with suppliers, the centralised management making the per-store-overhead more efficient, the employment power to push wages, the capital backing to run low prices without risking a bad month leaving a noticeable dent in their liquid assets or even run at a loss for as long as it takes for "lowest price" customers to flock to their stores and drive the local stores out of business.