The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM
Iran's Sham Election In Houston.
June 20, 2005 5:36 AM
Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM
Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM
Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM
Idea Majorities Matter.
May 12, 2006 6:15 PM
Twilight Zone Economics.
Oct. 17, 2006 12:30 AM
The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM
From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM
Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM
Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM
Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM
Unions Antithetical to Liberty.
May 28, 2008 11:12 PM
Right To Work States Rock.
June 9, 2008 12:25 PM
Social Security Reform Thursday.
March 13, 2008
Caption Contest: Enter Today!
Due: July 29, 2008
The Carnival Of Classiness.
Mar. 14, 2006
Quotational Therapy: Obama.
Apr. 4, 2008
Mainstream Melee: Wolfowitz.
May 19, 2007
Pundit Roundtable: Leaks.
July 9, 2006
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July 14, 2006
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Trivia Tidbit Of The Day: Part 234 -- Wal-Mart.
I am not exactly a fan of Wal-Mart for a variety of reasons I won't go into now, but it's clear that Wal-Mart, a true success story of capitalism, has has been beneficial to the American economy.
Wal-Mart has helped to keep inflation in check through its lower prices; if Wal-Mart carries a product, that product probably costs less today in inflation-adjusted dollars than it did a decade ago. Wal-Mart has revolutionized transportation/distribution networks, boosting U.S. productivity along the way.
Still, Wal-Mart has plenty of critics, some reasonable, but many more (like these people, these people, these people, these people, and these people, many of whom overlap quite a bit) driven by less-than-pure or tenuous motives.
It's becoming more and more obvious that the "campaign" against Wal-Mart is mostly disingenuous left-wing mumbo-jumbo.
Indeed, Wal-Mart has been successful for a reason:
Wal-Mart employs about 1.3 million people, about 1% of the American work force. Its sales, at around $300 billion a year, are equal to 2.5% of U.S. gross domestic product. It is not, however, an especially profitable company. Its net profit margins, at about 3.5% of revenue, are broadly in line with the rest of the retail industry. In fiscal 2004, Microsoft made more money than Wal-Mart on just one-eighth of the sales....
A good read on Wal-Mart.
Previous Trivia Tidbit: America's Booming Economy.
Posted by Will Franklin · 3 December 2005 07:52 PM
When we buy baby formula and save $5 per can twice a week that adds up. Diapers too. Damned near everything is cheaper at WalMart. I know some folks hate Walmart, but at the end of the day, Walmart still has to recruit shoppers and still has to recruit employees and they always seem to have a steady stream of both.
Posted by: Justin B at December 4, 2005 01:29 AM
Two observations that are often overlooked:
1. It's not so much a question of "disingenuous left-wing mumbo-jumbo" but rather quite genuine pandering to labor unions. To the left, any non-executive worker who is not in a union is, by definition, being "exploited."
2. The worst lie about Wal-Mart is that it drives small firms out of business. It may drive small retailers out of business, but that's not the same thing. Something like 20% of Wal-Mart's revenues come from small businesses (e.g., restaurants), especially through its "Sam's Club" unit. Wal-Mart has been a tremendous positive for small business, which is the backbone of the American economy.
Posted by: KipEsquire at December 4, 2005 07:46 AM
screwed up my HTML, sorry.
Posted by: KipEsquire at December 4, 2005 07:47 AM
Wal-Mart is not as good as it use to be. I went in the other day to buy some vitamins and Flaxseed oil for my puppy who has cancer. The expiration dates were out dated by several years! I was very disappointed! Also when I tried to check out after finding some other items I needed. There were few checkout lines open and several people waiting in line. So I left and went somewhere else.
Posted by: Zsa Zsa at December 4, 2005 10:29 AM