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.


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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