Would sure hate to see business succeed. Especially in this economy. And such low prices, too. It's criminal.
Low prices only on some things. I have regularly found lower prices elsewhere and the Wal Mart near me now does price matching..... which they would not do if they indeed, had the "lowest prices"......
WalMart will probably lose. Mainly because their lawyers will join in the suit against them when they submit their hours....;-)
>Susman Godfrey partner Neal Manne, who defended Wal-Mart in the Pennsylvania case, did not return our call.
I wonder if that's because she was off the clock....? Or perhaps she couldn't speak English.....you know those illegal aliens are much cheaper to get to defend you.
Wal-Mart's total revenue last year: 421.849 billion; net income 16.993 billion.
Any fines they may pay are already factored into their overhead as a business expense.
You know what galls me about some big-box stores?
It's the fact that they press their suppliers to provide a product that is lesser quality without letting the consumer in on the secret.
I bought a drill from a big-box once and when it crapped out after fairly limited service around the house I discovered that it had plastic gears. An identical drill from the same manufacturer purchased as a replacement from the local orange store had metal gears. It was a few bucks more, but I still have it after many years.
Value is one thing, cheap is another.
I will say that I like the new locally-sourced produce. Not bad. I just wonder how they are gutting the farmers to get it at that kind of price.
I make it a point to shop there as a last resort.
"Wal-Mart’s critics, writes Paul Kirklin, are oblivious to the fact that Wal-Mart is responsible for a significant increase in total wealth, and that the greatest beneficiaries of this increase are those with the lowest incomes. Wal-Mart is one of the great shining examples of what a market economy can achieve. The critics are utterly ignorant of economics, yet they pretend to be authorities on the subject, and loudly proclaim that Wal-Mart causes unemployment, lower wages, reduced access to healthcare, in addition to destroying communities and promoting greed. To listen to the critics, one might think that Wal-Mart was the source of all evil."
http://blog.mises.org/5242/the-ultimate-pro-wal-mart-article/
About ten years ago I traded in my Mises and Hayak for Chesterton and Belloc and never looked back. For me personally, I found a certain lack of humanity in the pervasive individualism of the Austrians (though it's REALLY hard to argue against the Austrian Business Cycle Theory 🙂 )
I'm actually a fan of Chesterton as well. I don't believe for a second that economic freedom is anti-Christian. Orthodoxy is one of the best books I've read.