Wednesday, September 9, 2009

Exhibit A

Proof that capitalism kinda sucks:

Walmart's Project Impact: A Move to Crush Competition

Not content to drive thousands of mom and pop shops and 4 of the top 5 toy retailers out of business, Walmart now wants to drive, well, pretty much everyone else out of business. They're not even happy just being the biggest game in town; they want to be the only game in town. And, really, isn't that the theoretical end game of capitalism: to corner the market? Here's hoping antitrust laws kick in at some point so I don't get stuck shopping at Walmart someday.

And we'll all be in a heap of trouble if Walmart ever decides to get into the health insurance business.

2 comments:

BellsforStacy said...

They are already in the health insurance business. They opened doctors offices inside Walmarts that do basic gen practitioner stuff all over the country and they've been successful.

S said...

That's not exactly being in the insurance business. Their own employees get terrible insurance, if they get it at all. But, yeah, I'm aware of their basic clinics, which are a nice thing as far as they go. But it's all you would expect from Walmart: just the basics. And I would sure hate for them to corner the market on providing health care because their bottom line has always been profit, not people.

 
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