Friday, July 03, 2009
It’s the economy (of scale), stupid!
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Wal-Mart is playing this masterfully: Cutting the legs from beneath its existing competitors, aborting its would-be competitors in the womb … and getting cookies and milk for “corporate social responsibility” in the process!
Nothing new under the sun, of course — from anti-trust to utilities to you name it, “big business” has always been the moving force behind the “progressive” initiatives supposedly intended to bring it to its knees. Big Government and Big Business are symbiotes.
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Another form of “regulatory capture”?
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