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mschuster91 5 hours ago

> Amazon often negotiates delayed payment terms with suppliers, leaning on them to allow payment windows longer than the thirty-day industry norm.

Oh how I would wish for this crap to be banned. By law. Simply put, at the scale of "you are even allowed to sell at large volume to Amazon, Walmart, ..." you aren't on equal footing with Amazon. You are subservient.

Contract law still builds on the idea that b2b contracts are made between roughly equal parties because that was how business was done back 200 years ago, and thus there's much less legal protection than for b2c contracts.

This needs to change, and the sooner the better.

zeroonetwothree 5 hours ago | parent | next [-]

Why? Then we’d have to pay more to buy stuff.

fragmede 4 hours ago | parent | next [-]

Because Amazon and Walmart, as the giants they are, aren't hurting for cash. If you're a small time vendor or buyer, those 30 days could be the difference between eating tonight or going hungry. Meanwhile. Amazon and Walmart could just pay it out of their reserves early and Jeff Bezos isn't going to go hungry. Also, why would prices go up?

mschuster91 4 hours ago | parent | prev [-]

Yeah, and? Redistribute all the wealth that goes to the stonk market to the people. Henry Ford figured that out a century ago - for a healthy economy, you need people to be able to afford stuff!

4 hours ago | parent | prev [-]
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