[lbo-talk] Wal-Mart as Robin Hood

Andy F andyf274 at yahoo.com
Tue Mar 8 05:44:39 PST 2005


--- Doug Henwood <dhenwood at panix.com> wrote:


> [this is one of the most ingenious apologies for
> Wal-Mart ever
> devised - Robin Hood with parking...]

I like this bit:


> Like the airlines, whose investors generously
> provide low fares and
> convenient service while forgoing gains for
> themselves, Wal-Mart has
> kindly mustered considerable capital from investors
> with the goal of
> providing all kinds of basic goods under one roof at
> convenient
> locations and amazingly low prices. These investors
> must be
> charitably minded because they aren't the main
> beneficiaries of
> Wal-Mart's business.

...of course, the following is the sort of thing you here from people still getting a free ride from their parents....


> It's tempting to say that some of the benefits to
> shoppers come at
> the expense of Wal-Mart's roughly 1.2 million
> employees, but it's a
> tough case to make. Many Wal-Mart employees
> presumably can't get
> better jobs; if they could, they would. By
> continuing to work at the
> chain, they are showing that they prefer the jobs
> they have to no
> jobs at all. If Wal-Mart vanished, in fact, they
> would be in big
> trouble indeed.

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