Corruption Scandal Rocks Wal Mart

[Snake: The Real Jesus]

I don't really care about mom and pop shops selling garbage goods, I just don't want to be implicated in excessive animal cruelty or third world wage slavery when I purchase basic products.

you reserve that for your electronics.
wise man.

[OZZ]

Wallmart would not be so powerful if so many people didn't want to shop there. The reality is that there are not enough people who are sentimental about 'mom and pop' stores selling the same low-to-medium quality goods at higher prices to keep them all in business.

Truth.
I'm proud to say that I practice what I preach.
For the most part.

[Robot Jesus]

Would Adam Smith consider Walmart a monopoly?

[Snake: The Real Jesus]

No because while he liked the concept if smaller buyers/sellers, Walmart isn't keeping the price above the natural price for an indefinite period of time


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[Hedley LaMarr]

Would Adam Smith consider Walmart a monopoly?

He'd be smart enough to realize that it doesn't matter because in 3 years people will shop online before they shop at Walmart.

[Snake: The Real Jesus]

The intternetz is a monopoly


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[Robot Jesus]

wouldn't having so many shopkeepers coordinated equate to collusion?

[Cullion]

Walmart isn't a monopoly by Adam Smith's definition. There are other reasons to believe it causes harm, but that isn't one of them.

[FickleFingerOfFate]

be careful that the commutards don't get to define 'slave labour' as 'non union labour' tho.

wait.....





WHAT?!?!!