Wal-Mart burned by its OWN report/study...

[Amused]

Originally posted by: PlatinumGold

Originally posted by: Amused

Originally posted by: PlatinumGold

Originally posted by: Phoenix86

Originally posted by: razor2025

Originally posted by: Inappropriate4AT
So fvcking what, that's the cost of business. Wal-Mart is a giant monopoly, they earned their place, that's how capitalism works. If you don't like it you can always start a commy revolution.

Obviously you haven't taken any economics course. The worst thing to a capitalist free-market society is prescense of a strong monopoly. In order to maximize profit of a monopoly in a given market (retail for example), that monopoly finds the "sweet spot" between revenue and cost. Often, that "sweet spot" creates deadweight. To put it simply, deadweight is "lost business" that could've been realized if the monopoly did not try to maximize its profit. Thus, having monopoly is BAD for the society and capitalism. Many people often misunderstand capitalism and free market as unrestricted business without regard. Capitalism works when there is a true free market. Free market only exist when there are numerous competition in the market. A monopoly is a complete contradiction to such.

*Psst*
Walmart isn't a monolopy.

edit: fvcking skoorb effect. Didn't realize how old the post I was replying to was.

uhh, they exercise monopoly type power.

No they don't. They drive a hard bargin in an effort to bring low pricers to their customer and compete in the retail market. Driving a hard bargin is NOT a monopoly. They price shop, same as you. They are FAR from the only retailer or buyer of goods.

no matter, target and costco will drive sams club and walmart out of business due to better business practices.

i love what costco is doing so effectively, better relationships with their employees, customers and suppliers than sams club = win for everyone.

The fact that you mention two main competitors of Walmart proves they are far from a monopoly. I honestly cannot understand why that word would even be used in this thread.

 

[Icanoutsmokeany1]

I can proudly say I haven't shopped at Wal-Mart since I turned adult legally 3 years ago.