Saturday, September 30, 2006

More High Costs Of A Low Price

From the Nation online, Ten Reasons Why the Wal-Mart Pundits are wrong.

I meant to do a point-by-point rebuttal, but I just ran out of time. Regardless, this is nothing new from the Wal-Mart critics that we haven't heard before. And as usual, there are the same problems that always exist with Wal-Mart critiques. There is no evidence that Wal-Mart treats it employees any differently than a vast majority of other large corporate employers of unskilled workers and the critiques present a view of a failing market system that does not fit with known history or economics.

If any of the Wal-Mart critics can tell me about a time where capitalism or a free market led to lower standards of living, I would be glad to hear about it. Local, individual studies, regardless of what they show, are not evidence of a national trend of Wal-Mart sending us all into poverty.

Wal-Mart critics need to ask themselves, is their problem really Wal-Mart, or do they just have a problem with the free market?


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