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Started By
Message
The Sad Story of Sidney, Nebraska and Cabelas
Posted on 12/12/19 at 8:23 am
Posted on 12/12/19 at 8:23 am
Tucker Carlson Video
Tucker Carlson Video Part 2
Self awareness is important. While we reject socialism and communism as a solution for what is wrong in America, admitting that something is wrong is key.
Tucker Carlson Video Part 2
Self awareness is important. While we reject socialism and communism as a solution for what is wrong in America, admitting that something is wrong is key.
9
Posted on 12/12/19 at 8:36 am to Boatshoes
Posted on 12/12/19 at 8:39 am to Boatshoes
Clearly sucks for the town.
I am less convinced that this is not a part of the “creative destruction” that keeps our economy reinventing itself.
I am less convinced that this is not a part of the “creative destruction” that keeps our economy reinventing itself.
Posted on 12/12/19 at 8:51 am to Boatshoes
I hate it for them, but a single business shouldn’t be expected to support a town.
This falls more on the local leadership’s failure to diversify the area’s economic base than one man’s greed (he is obviously greedy).
I hope Trump is a cheerleader for the area to get a major manufacturer.
This falls more on the local leadership’s failure to diversify the area’s economic base than one man’s greed (he is obviously greedy).
I hope Trump is a cheerleader for the area to get a major manufacturer.
This post was edited on 12/12/19 at 8:55 am
Posted on 12/12/19 at 8:53 am to Eli Goldfinger
I think the story is more about the shitty business practices of the hedge fund, the byproduct is the town going under.
Cabelas was fricking awesome and was forced to sell to an inferior company providing inferior products.
Cabelas was fricking awesome and was forced to sell to an inferior company providing inferior products.
Posted on 12/12/19 at 8:54 am to Boatshoes
It's difficult to stop "vulture capitalism" within our borders but it certainly can be halted outside our borders.
You can say that the entire Rust Belt was hurt by cross border "vulture capitalism". The way to stop this is tariffs.
You can say that the entire Rust Belt was hurt by cross border "vulture capitalism". The way to stop this is tariffs.
Posted on 12/12/19 at 8:57 am to Eli Goldfinger
There are limits to what can be done if you are a small town with one huge employer and a bunch of secondary businesses.
Bentonville AR may be sitting pretty now with three huge companies there but, if Walmart were to move its corporate offices and shipping facilities elsewhere, I’m sure that Tyson Chicken and JB Hunt trucking would probably be looking to relocate their corporate offices as well because Walmart is likely a huge customer for trucking and poultry.
Bentonville AR may be sitting pretty now with three huge companies there but, if Walmart were to move its corporate offices and shipping facilities elsewhere, I’m sure that Tyson Chicken and JB Hunt trucking would probably be looking to relocate their corporate offices as well because Walmart is likely a huge customer for trucking and poultry.
Posted on 12/12/19 at 9:10 am to Boatshoes
quote:
Self awareness is important. While we reject socialism and communism as a solution for what is wrong in America, admitting that something is wrong is key.
What is the "wrong" thing you see when you say something is wrong?
Human life is always, repeat, always going to be uneven. This story is merely an example of this reality.
Over time, jobs move around, relocate, shuffle etc etc. This is actually a very good thing long term.
I don't know why people fail to understand that how things are on any given day doesn't somehow require that those things remain so forever.
Posted on 12/12/19 at 9:16 am to Boatshoes
We better be very careful with the narratives here. I'm against anything that would give rise to socialism or improve its narrative. I saw the Tucker show about this issue. This is not a GOP or Democrat issue, or even a capitalism issue. This is corrupting capitalism for purposes of greed. Just like Solindra was crony capitalism driven by bad government policy.
You know the evils of the current Democrat party and the rise of Socialism. Look for them to exploit stories like Sidney.
You know the evils of the current Democrat party and the rise of Socialism. Look for them to exploit stories like Sidney.
Posted on 12/12/19 at 9:23 am to KingBarkus
I think most would agree it is shitty business practices and the fact that he slings $ all around Washington and has numerous politicians beholden to him makes it even worse.
One of the greatest threats to this country and it obviously already caused huge damage to the country. Is politicians being paid off to look the other way or even do the bidding of wealthy individuals and corporations.
One of the greatest threats to this country and it obviously already caused huge damage to the country. Is politicians being paid off to look the other way or even do the bidding of wealthy individuals and corporations.
Posted on 12/12/19 at 9:27 am to KingBarkus
quote:
We better be very careful with the narratives here. I'm against anything that would give rise to socialism or improve its narrative. I saw the Tucker show about this issue. This is not a GOP or Democrat issue, or even a capitalism issue. This is corrupting capitalism for purposes of greed. Just like Solindra was crony capitalism driven by bad government policy. You know the evils of the current Democrat party and the rise of Socialism. Look for them to exploit stories like Sidney.
Precisely. This is not creative destruction. This is more along the lines of an old school mob boss shaking down a successful small business. But it is things like this that give socialism an audience. If we aren’t unwilling to rectify the errors of a better system, it may end up being replaced by an inferior one.
Posted on 12/12/19 at 9:37 am to Boatshoes
Fake news.
ThiS hedge fund didn't destroy the town. The town failed to diversify.
ThiS hedge fund didn't destroy the town. The town failed to diversify.
Posted on 12/12/19 at 10:20 am to RogerTheShrubber
quote:
Fake news. ThiS hedge fund didn't destroy the town. The town failed to diversify.
This is precisely the sort of knee jerk response that is unhelpful and shows a complete lack of self awareness about the capitalist system we support. There are two paths to Venezuela, and only one of these is socialist. A lack of concern about the axe men who hatchet the golden goose to carry off two eggs today ensures the downfall of capitalism tomorrow.
Capitalism is meant to operate like a steel cage death match with government oversight to control the development of monopoly and oligopoly. Corporate M&A activity should be banned, if you want another company’s market...go fight for it.
This post was edited on 12/12/19 at 10:29 am
Posted on 12/12/19 at 10:28 am to teke184
quote:
Bentonville AR may be sitting pretty now with three huge companies there but, if Walmart were to move its corporate offices and shipping facilities elsewhere, I’m sure that Tyson Chicken and JB Hunt trucking would probably be looking to relocate their corporate offices as well because Walmart is likely a huge customer for trucking and poultry.
I live here. If WM left, Bentonville would go under. Not only do you have WM employing 7,000+, you have thousands of suppliers with offices here. They bring workers from all over the world. And with those workers come the desire, or expectation, to have some semblance of what they left. For example, why do we have a Ruths's Chris, Top Golf, Cabella's, etc. If WM leaves, all these suppliers will leave. All these restaurants, office buildings, etc etc will dry up.
NWA as a whole would still survive. Tyson and JB Hunt are not successful because of WM. There is not shipping here other than the WM DC's located around here. But JB Hunt does very little of that.
Walmart isn't leaving anytime soon. They just began building a new corporate office complex in Bentonville after spending years buying up city blocks and all the houses and businesses in them.
This post was edited on 12/12/19 at 10:30 am
Posted on 12/12/19 at 10:39 am to Geauxboy
quote:
If WM left, Bentonville would go under. Not only do you have WM employing 7,000+
It's more like 20-25,000.
quote:
Walmart isn't leaving anytime soon. They just began building a new corporate office complex in Bentonville after spending years buying up city blocks and all the houses and businesses in them.
The Waltons have dropped a couple of billion in private investment and philanthropy in the metro over the past decade. The odds of WM leaving Bentonville have never been lower in the lifetime of the company.
Posted on 12/12/19 at 11:29 am to KingBarkus
quote:
Look for them to exploit stories like Sidney.
Not really. They couldn't care less about the people who shop at, or work for, Cabela's.
Posted on 12/12/19 at 11:32 am to Tchefuncte Tiger
quote:
Not really. They couldn't care less about the people who shop at, or work for, Cabela's.
It's not the specific story. It's the concept. The evil rich greedy capitalist raiding a successful company and destroying small town America. YOU could be next. These are the same people that accuse Republicans of starving kids and shoving Granny off a cliff.
Posted on 12/12/19 at 11:40 am to Boatshoes
Reminds of the part played by Richard Gere in Pretty Woman. Greed does that but on the other hand, no town or city should rely on one business or industry. Look at Detroit.
The town/employees could have countered with an LBO and possibly competed with Bass Pro. Don't know the details but I am sure there is some blame to be shared here. But, that's just me.
The town/employees could have countered with an LBO and possibly competed with Bass Pro. Don't know the details but I am sure there is some blame to be shared here. But, that's just me.
Posted on 12/12/19 at 12:06 pm to RogerTheShrubber
By removing the key employer you wiped out the engine that would have accelerated the diversification you mention.....no business from Cabela's, no new houses get built, no new trucking comes in. Oh wait, no warehousing by suppliers, less goods in the grocery store...etc you get the picture
Singer did not do it out of altruism or to drive efficiency he saw a company he was invested was profitable and saw a way to make a pretty payday for himself by effecting a merger and then cashing in Pro Bass stock.
Singer did not do it out of altruism or to drive efficiency he saw a company he was invested was profitable and saw a way to make a pretty payday for himself by effecting a merger and then cashing in Pro Bass stock.
Posted on 12/12/19 at 12:16 pm to GumboPot
That is BS.
The Cabela’s family first sold the company. We used to sell to Cabela’s. I have been to Sidney many times.
Both Bass and Cabela’s were as much real estate development companies as they were retail merchants.
The merger of the two meant the company didn’t need the duplicate merchandising and finance centers. It was always a challenge for Cabela’s to lure talent to Sidney. Imagine trying to get the corporate people of Bass to move to Sidney?
This is a non story. Yes it was a blow to Sidney but the writing was on the wall. If Cabela’s were to grow or sell out jobs had to move out of Sidney.
It’s 170 miles or so to a commercial airport of any size. The infrastructure needed to support a nationwide retailer just is not there. I remember going to Bentonville when the corporate sign for WalMart was a 4x8 piece of plywood. It wouldn’t be what it is today but for the establishment of the commercial airport in Fayetteville and the investment in infrastructure and things like the University of Arkansas and medical hospitals that added to the ease of living there.
Sidney is VERY remote.
The Cabela’s family first sold the company. We used to sell to Cabela’s. I have been to Sidney many times.
Both Bass and Cabela’s were as much real estate development companies as they were retail merchants.
The merger of the two meant the company didn’t need the duplicate merchandising and finance centers. It was always a challenge for Cabela’s to lure talent to Sidney. Imagine trying to get the corporate people of Bass to move to Sidney?
This is a non story. Yes it was a blow to Sidney but the writing was on the wall. If Cabela’s were to grow or sell out jobs had to move out of Sidney.
It’s 170 miles or so to a commercial airport of any size. The infrastructure needed to support a nationwide retailer just is not there. I remember going to Bentonville when the corporate sign for WalMart was a 4x8 piece of plywood. It wouldn’t be what it is today but for the establishment of the commercial airport in Fayetteville and the investment in infrastructure and things like the University of Arkansas and medical hospitals that added to the ease of living there.
Sidney is VERY remote.
This post was edited on 12/12/19 at 12:27 pm
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