Nov30th2005

Quote Of The Day

“The current issue of The Freeman includes John Semmens’ “Wal-Mart is Good for the Economy”. It seems that many people need reminding of the simple fact that, absent force, fraud or significant external costs, profitable enterprises are that way for good reasons — they serve people best….Along these lines is the accusation that Wal-Mart’s compensation packages push many employees to rely on public health programs. All things considered, employees and employers find each other and agree to terms in light of all of their available options. Those who fret most about all of this are often the same people who routinely condemn the poorest to go to the worst (government) schools — and thereby must bear much of the blame when poor people have few good options”. –Peter Gordon, Professor in the University of Southern California’s School of Policy, Planning and Development and in its Department of Economics

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2 Responses to “Quote Of The Day”


  1. Gravatar Icon 1 Abogado Dec 1st, 2005 at 11:29 am

    “…absent force, fraud or significant external costs…” — Isn’t this actually the heart of the debate?

  2. Gravatar Icon 2 HispanicPundit Dec 1st, 2005 at 12:32 pm

    Depends on who you talk to. Some people are mad at Wal-Mart for the simple fact of not being unionized, others get more technical.

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