That’s the title of a recent editorial in the Los Angeles Times. Here is the article in full:
Democrats’ Shameful Wal-Mart Demonization
Presidential hopefuls only hurt themselves when pandering to unions by bashing the country’s largest employer.
WITH ONE EYE ON 2008 and one on their labor union base, Democratic luminaries are canvassing Iowa and other states this […]
Archive for the 'Wal-Mart' Category
Aug28th2006
Democrats’ Shameful Wal-Mart Demonization
Published by in Economics, General, ModernPolitics, Unions and Wal-Mart. 2 CommentsAug25th2006
Defending a Vilified Wal-Mart
Published by in Economics, General, ModernPolitics, Unions and Wal-Mart. 2 CommentsThe New York Sun has a great article on Wal-Mart and the Democrats campaign against it:
Aug23rd2006
What Democrats Attack On Wal-Mart Says About Democrats
Published by in Economics, General, ModernPolitics, Unions and Wal-Mart. 10 CommentsDaniel Griswold writes:
Wal-Mart and other price-conscious discount retailers are really a working family’s best friend. They operate in the marketplace as representatives for millions of consumers, ensuring that they get the best and lowest prices possible from wholesalers and producers. Tens of millions of American shoppers vote with their feet every week by visiting their […]
Aug14th2006
“A range of studies has found that Wal-Mart’s prices are 8 percent to 39 percent below the prices of its competitors. The single most careful economic study, co-authored by the well-respected MIT economist Jerry Hausman, found that grocery sales by Wal-Mart and other big-box stores made consumers better off to the tune of 25 percent […]
Jul11th2006
Karl Zinsmeister, writing in the American Enterprise answers why Wal-Mart is so successful:
Mind you, Wal-Mart’s economic accomplishments add up to a whole lot more than just nickels and dimes. As the company gained strength in the national retailing scene over the last 20 years, productivity on the part of the trade in which it […]
Jun27th2006
Many people have the false impression that Wal-Mart is a destroyer of small businesses and is so large of a company that no small business can compete.
Not so says the Detroit News Online:
Jun7th2006
“It’s one thing to cram supply-and-demand analysis into students’ short-term memory. It’s quite another to get them to think like economists when they see a real-world issue. For example, consider a bill to force Wal-Mart to provide health insurance to its workers. I am not saying that economists should teach people to oppose such a […]
May25th2006
“I understand the attraction of asking business — the perceived “deep pockets” — to shoulder more of the responsibility for social welfare. But there are plenty of businesses that don’t have deep pockets. And many large corporations operate with razor-thin profit margins as competitors, both foreign and domestic, strive to attract consumers by offering lower […]
May23rd2006
The Pittsburgh Times-Review writes:
A larger complaint against Wal-Mart charges that the giant retailer comes in and wipes out main street, puts an end to all those mom-’n-pops that are selling everything from hammers to salmon.
The other side of the story is that salmon is no longer a high-end delicacy, beyond the reach of the average […]
Apr4th2006
Wal-Mart To The Rescue
Published by in Economics, General, Hispanics (Minority Issues) and Wal-Mart. 4 CommentsIf you live in a high crime, high unemployment neighborhood, and are fed up with unions, bad economic policies, and misguided politicians chasing the few remaining jobs in your neighborhood out, you may have some good news coming your way if Wal-Mart has its way:
Wal-Mart Stores Inc., the world’s largest retailer, said Tuesday it plans […]
Mar16th2006
Quote Of The Day
Published by in Economics, General, HealthCare, Minimum Wage and Wal-Mart. 0 Comments“But the externality cannot be fully eliminated by passing a law that would require Wal-Mart and other employers of low-income employees to insure all their employees. This is clearest in the case of minimum-wage employees who at present are not insured. Since the labor cost that an employer incurs is the sum of the wage […]
Mar14th2006
Mark Steckbeck, professor at Hillsdale College, writes:
The virtue of a free market economy is that it serves disparate tastes and talents—wants and skills. Hotels and motels, for example, differ in their locations, amenities offered, cleanliness, etc. In fact, some are utter fleabags many of us might deem unseemly. But they serve the wants of others, […]
Feb20th2006
“The attempt to define a “living wage” in a manner divorced from one’s productivity suggests that many Americans have (perhaps unconsciously) absorbed a Marxian ethic: from each according to his ability, to each according to his need. Okay, I disagree, but I can believe people believe that. But this is still just a variant of […]
Feb3rd2006
Wal-Mart has many benefits that primarily help the poor: their products are cheaper, through innovation they drive competition, they help make products cheaper at other stores by competing with those stores, their market model caters more to those who have less income, and many other benefits.
But one of my favorite benefits of Wal-Mart, a benefit […]
Feb1st2006
“In these upcoming battles, legislators should be mindful that companies like Wal-Mart are not the enemy but rather frontline soldiers in a real war on poverty. The profit motive leads them to seek out areas where there is much idle labor and put it to work. Where they are prevented or discouraged from doing so, […]
Jan27th2006
Big Labor’s Attack On The Poor In Maryland
Published by in Economics, General, Minimum Wage, Unions and Wal-Mart. 0 CommentsProfessor of applied economics at Johns Hopkins University Steve Hanke and Professor of economics at Loyola College in Maryland Stephen Walters have a post in the Wall Street Journal detailing the attack on the poor by big labor:
Hard Line State
Big Labor’s war on Wal-Mart claims casualties among poor Marylanders.
BY STEVE H. HANKE AND STEPHEN J.K. […]
