tag:blogger.com,1999:blog-3758330678390419129.post5850426800314882917..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The People's Republic of Walmart?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3758330678390419129.post-14104291892330031312019-03-10T13:25:54.485-04:002019-03-10T13:25:54.485-04:00Maybe we should question their central thesis, too...Maybe we should question their central thesis, too: "[Walmart, Amazon] is an existence-proof of the idea that markets are not needed for mass-scale allocation."<br /><br />I am sure Walmart and Amazon go wrong in their predictions a lot of the times. They might order a lot of goods that don't sell, only to have some kind of ridiculous "clearance sales" to get rid of them. plainlibhttps://www.blogger.com/profile/03599952773859501882noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16526659466324301332019-03-09T23:18:03.922-05:002019-03-09T23:18:03.922-05:00To add the points Pandemic and NAPster made, the f...To add the points Pandemic and NAPster made, the force of competition significantly changes the game of incentives. It was the threat of Amazon that made Walmart improve its online technology and improve its offering. It was Amazon's "Prime Day" that made a lot of retailers (including those in Canada), to have their own sales event during Prime Day. Walmart, likewise, most likely plainlibhttps://www.blogger.com/profile/03599952773859501882noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78226282522020752602019-03-07T10:37:12.348-05:002019-03-07T10:37:12.348-05:00Plus the Pentagon doesn't depend on customers ...Plus the Pentagon doesn't depend on customers buying a product, but money forced out of people's hands whether they like it or not. They have no profit motive, and many times in government, you are rewarded for over-spending even if you dont need to so that you'll get the same or more next year. Whether you like them or not, they definitely dont operate in a market economy. And theDhttps://www.blogger.com/profile/07011856643664793898noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-19468131742394110862019-03-07T08:01:56.530-05:002019-03-07T08:01:56.530-05:00They also seem to miss that Amazon and Walmart are...They also seem to miss that Amazon and Walmart are still subject to the force of competition, unlike the Pentagon or any government. Corporate titans have fallen throughout history when their product or service goes out of favor, as consumers are not compelled to buy from them. If they can get really big and still persuade consumers to voluntarily buy from them, more power to them.The NAPsterhttps://www.blogger.com/profile/16631781625841157567noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39353350141480166512019-03-06T17:00:17.229-05:002019-03-06T17:00:17.229-05:00"Exploitation," particularly when leftie..."Exploitation," particularly when lefties use it, is somehow a blanket term that unfailing describes a worker's relationship with his boss or company. It's used in only one way--to indict the guy with the capital taking advantage of lowly worker. Both assessments of the worker and the owner get hijacked by Lefty narratives. Thomas Sowell captured it well, "There are no M.https://www.blogger.com/profile/14085364302960279418noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84280352557504817952019-03-06T11:43:53.728-05:002019-03-06T11:43:53.728-05:00One of the things these guys miss about large comp...One of the things these guys miss about large companies is that there is competition within the companies.<br /><br />It is not uncommon in more well-run large companies to have services of an internal department competing with services of an outside company. In very large companies, it's not uncommon for two departments that do similar, or overlapping work to compete within the company to Pandemichttps://www.blogger.com/profile/02315340208949970292noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3582481761264125692019-03-06T11:01:41.592-05:002019-03-06T11:01:41.592-05:00Yeah, and pays $100.00 for a 14 cent I.C.
Yeah, and pays $100.00 for a 14 cent I.C.<br />Capn Mikehttps://www.blogger.com/profile/08133441332228302495noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-41416991198376734992019-03-06T10:56:26.153-05:002019-03-06T10:56:26.153-05:00Walmart and Amazon got where they are by harnessin...Walmart and Amazon got where they are by harnessing the price system to optimize distribution, so this moronic author thinks that it's proof that we should abolish the price system except "for solving the odd problem".<br /><br />Also, I don't remember voluntarily buying anything from the Pentagon before. Do they have tours? Is there a gift shop? Erichttps://www.blogger.com/profile/11511367878944127068noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12634626898539109572019-03-06T09:53:18.971-05:002019-03-06T09:53:18.971-05:00Amazon and Walmart are only socialist is so far as...Amazon and Walmart are only socialist is so far as it is part of their crony capitalism. For instance Walmart greatly benefits from the food stamps program. Walmart makes deals with governments to keep a cut of sales taxes paid in their stores. Amazon from taxpayer subsidized 2nd HQ and other arrangements. That is like many large corporations they use government to socialize their own costs on toJimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6236387253453684622019-03-06T07:19:30.493-05:002019-03-06T07:19:30.493-05:00The Pentagon also operates in a market economy and...The Pentagon also operates in a market economy and has prices for labor and capital.Wagshttps://www.blogger.com/profile/14719718595125311688noreply@blogger.com