« Well, Yes Bob | Main | Galbraith and Friedman »
December 01, 2006
Ya Gotta Love WalMart!
Carpe Diem:
One study, by the economic
consulting firm Global Insight, calculates that Wal-Mart saves American
households an average of $2,300 a year through lower prices, or a $263
billion reduction in the cost of living. That compares with $33 billion
savings for low-income families from the federal food stamp program.
...
What's not to like?
December 1, 2006 in Economics | Permalink
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c2d3e53ef00d83500152d69e2
Listed below are links to weblogs that reference Ya Gotta Love WalMart!:
Comments
Of course, if they paid their workers more then those workers would have more to spend. So surely it's a little bit of a circle?
Tim adds: Yes, and all of the shoppers at WalMart would have to pay more to buy the goods at WalMart. Who are we trying to organise society for? The producer or the consumer?
Posted by: sanbikinoriaon | Dec 1, 2006 1:30:25 PM
> Who are we trying to organise society for? The producer or the consumer?
Just a note there are allways more consumers than producers (as everyone is a consumer) so organising for producers at the expense of consumers will allways make a country poorer.
Posted by: AntiCitizenOne | Dec 1, 2006 2:00:10 PM
"Who are we trying to organise society for? The producer or the consumer?"
q.v. Health Service, UK National
Posted by: David Gillies | Dec 1, 2006 3:55:22 PM
What's not to like?
The atrociously poor quality of the products and the atrociously poor quality of the service.
Posted by: Kim | Dec 1, 2006 5:49:53 PM