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View Diary: "The Real Walmart"?!? Six Big Fibs in Walmart's New Ad Campaign (121 comments)

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  •  Dumb capitalists (1+ / 0-)
    Recommended by:
    Sparhawk

    Apparently the quality of at least some stuff Walmart sells is agreeable to its customers. We know this because they buy and then they come back to buy more. And as near as I can tell, Walmart then funds its expansions out of its profits. In other words, Walmart is good at business. In general, America has been pretty good at business. As Tocqueville clearly understood 150 years ago—ours is a commercial republic.

    As for the business cycle, it's hardly astrological. It's simply a fact of human economic life. If there is some system that has managed to move past that fact, the news has been well hidden. Things rise, and then they fall. Always have, always will. You should a) get used to it, and b) plan prudently.

    If Walmart has created a monopoly, apparently Target and Costco and Kmart haven't heard that news. As for exhausting resources and moving on, I can't say that we've heard much about Walmart abandoning America for greener pastures elsewhere.

    Is there such a thing as crony capitalism?—sure. Should that kind of rigged system be reined in?—absolutely. Is this the hallmark of capitalism simply?—not even close. Moreover, I think you confuse profit motive with predation, and willing buyers and sellers with wolves and sheep.

    Overall, I'd venture that more people have been lifted out of wretched poverty and given a chance at decent lives by the (imperfect) attempts to establish free societies and free enterprise than by anything else that has ever come down the pike. And if this is a system that is failing, we need more such failure.

    As for Walmart—if you don't like the place or they way they run their business—shop elsewhere, would be my advice.

    •  Well, the money is worthless, isn't it? What else (0+ / 0-)

      are they going to do but spend it? Give it to the church? Bloody unsatisfactory, that!
      Traders exploit. That's their schtick. Buy low; sell high. Or better yet, get free stuff and take it to market for a profit. That's the "free market," oh yeah!

      •  Huh? (1+ / 0-)
        Recommended by:
        Sparhawk

        Money is worthless, so they spend it??

        Let me try an alternative: Money buys stuff, so it's not worthless. And because it's not worthless, neither you nor Walmart simply gives it away (although both they and you do make charitable contributions).

        Traders trade, in order to make a profit. People trade with traders because they want what's being traded. Both sides profit. If you get what we term, "a good deal," then you exploit each other. As a seller, you exploit your estimate of what people will want, you exploit your saved capital to acquire those things at a favorable price and then you exploit your time and energy to get them to a place of sale, and finally, if you estimated correctly, sell them at a higher price. Of course if you estimated poorly, then you may have to sell the stuff for less than you paid—at which point the customer is exploiting your poor judgment and his good fortune.

        That's the free market. Oh yeah!

    •  Most Wal-Mart stuff is equal in quality (1+ / 0-)
      Recommended by:
      hmi

      To stuff at mom & pop stores and other places. THAT is the reason why Wal-Mart is still doing so well today.

      Foods = equal to the Shoprite in my area.
      Electronics = equal to the Best Buy in my area (most times).
      Clothing = equal to the Sears in my area and less pricey than Sears.

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