Reply #15: Why are you limiting it to retail? [View All]

[Libertarialoon]

Obviously, there is no retail store the size of Wal-Mart, but there are many comparably-sized companies. For instance,

"Exxon posted $213 billion in revenue and was tops in earnings with $21.5 billion. Wal-Mart had $9.05 billion in earnings."

Wal-Mart's earnings are less than half of Exxon's, the number two company. I guess in your world, Exxon is greedy too, though. Anyone successful is greedy, I suppose. That's fine. The profit motive is the economic engine of society, not fairness.

Wal-Mart is in no way, shape, or form a monopoly. They do not have an absolute, or near-absolute market on any particular good or service. To you, I suppose a monopoly is a really big company you don't like.

There is nothing preventing anyone from "out-Wal-Marting" Wal-Mart. Someday, someone will and they'll be the next target of your vitriol.

As far as local businesses going out of business, that's tough. The market is a cold mistress. Apparently, the local citizenry wants to save a few bucks at the expense of years of loyal service to the community. Why don't you point your finger at those people who so quickly turned their backs on their friends and neighbors to buy a DVD player for $30 instead of $100? All Wal-Mart is doing is offering goods at low prices. No one has to buy them.