[lbo-talk] Re-intro

Doug Henwood dhenwood at panix.com
Mon Jul 17 15:07:42 PDT 2006


On Jul 17, 2006, at 4:20 PM, George Scialabba wrote:


> Yes, exactly. Just curious: will any aspect of market-based
> economic theory be of any use with these difficulties, even in a
> fully democratic, solidaristic society?

Wal-Mart, which is brilliant at logistics, would have a lot to teach any economic planner. Info from the cash registers goes to HQ within an hour of sale, which supplies not only re-order/inventory info, but which also provides immense amounts of data about consumer preferences. Even my beloved, who (as they say in Bentonville) makes a living criticizing Wal-Mart, is highly impressed.

Doug



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