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Not my favourite retailer
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8 Replies
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Would sure hate to see business succeed. Especially in this economy. And such low prices, too. It’s criminal.
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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”……
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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.
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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.
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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/
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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 🙂 )
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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.
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