Sunday, January 15, 2006

Why I shop at Wal Mart

I live in what's considered to be a very convenient neighborhood. There's a Provigo grocery store right down the street, a Canadian Tire which is within a 3 minute walk. A shopping mall that's one bus stop away and a Future Shop that's 2 blocks down the road. So why do I continue to shop at Wal Mart which is a 20 minute drive away from my apartment building?

One reason and one reason only: Wal Mart pisses off the union thugs, the deranged anarchists who haven't showered since god knows when, the Marxist university professors, the interventionist politicians...you get the picture. Just about every single menace to our prosperity. I can go on and on regarding the benefits Wal Mart brings to our communities, but I'll just leave those arguments to the experts.

On the week-end edition at LewRockwell.com, two "nail on the head" articles appeared which slices and dices the Anti-Wal Mart crowd's talking points. The first one by Gregory Bresiger:

“I find that immediately after entry, retail employment in the county increases by approximately 100 jobs,” writes Emek Basker, an economist at the University of Missouri, in his work “Job Creation or Destruction?” Basker also writes that the 100 jobs figure “declines by half over the next five years as some small and medium-sized retail establishments close. Restaurant employment increases slightly; there is no change in employment in manufacturing or in automobile dealerships and service stations.”

Basker also found that the net effect of Wal-Mart’s entrance into a community – in a five-year period – “is positive and significant.” And wages? Wal-Mart pays on average about $8 to $9 an hour.

“These wages,” Basker writes, “are on par with wages paid by other large discount chains (like K-Mart and Target), but are typically below union rates.” However, in a footnote to the study Basker writes that “in markets where Wal-Mart competes directly with unionized retailers, it is said to match the union wage.”

Basker is also not figuring in the effect of Wal-Mart’s excellent benefits package – its stock option plan, profit sharing, et cetera – which has been a significant source of income for many Wal-Mart associates. (The Walton autobiography has the classic story of a truck driver who worked for Walton for 20 years and accumulated some $707,000 in company stock. Walton, by the way, had promised the driver if he worked hard he’d have $100,000 after 20 years).


Read the rest here,.

The next one is by Lew Rockwell who says pretty much the same thing but explains things in a broader sense:

The way to address this problem is for the state to cease to offer business the chance to unfairly compete in this way. If there were no regulations and no antitrust laws, businesses would not face the near-occasion of sin to use government as a way to clobber its enemies. They would face no choice but to innovate, cut costs, and serve consumers better than the other guy.

Much more troubling and mysterious are public attitudes. Wal-Mart was made successful because people like buying there. They like the prices and convenience. The public could bankrupt the company in a matter of weeks simply by failing to show up to make purchases. People are free to do so. That's the way the market works.

Maybe you hate Wal-Mart. Fine. Don't shop there. What's so hard to understand about that?

Why would the same people who enjoy the fruits of Wal-Mart's entrepreneurship also celebrate laws that harm the company? They believe that they can have their cake and eat it too. There is a lack of economic understanding in operation here. They have failed to understand that one of the reasons Wal-Mart can offer such good deals is that they are running an efficient enterprise.

But does it not come at the expense of the labor force? Of course all workers want raises in all forms, just as all consumers want products and services to be available at the lowest price. These are conflicting demands. At some point in the scale of wages and prices, the tradeoff between the two demands finds a clearing point. What that point is cannot be worked out by a central planner. It has to be discovered by the market.

The moral import of the market is its non-coercive core. The workers who work at Wal-Mart would rather be doing that than any other activity that is open to them. So too for the shoppers. It is the matrix of exchange that has made Wal-Mart a success. No one, unlike with government, has a gun pointed at his head. Everyone is making a non-coerced choice in favor of exchanging as versus not exchanging. Everyone benefits.


Enjoy the rest right here. Both excellent reads and provides us with lots of ammo to use against the social engineers of our time.

13 Comments:

At Sunday, 15 January, 2006, Anonymous Anonymous said...

Siiiiiiick.

You're from Montreal and you support stephen harper.

Gross!

Hopefully you'll enjoy living in Quebec once it seperates from Canada.

[Let's see an english-only prime minister with radical right-wing values convince Quebecers to stay. I'll vote for the Bloc before I vote for harper.]

 
At Sunday, 15 January, 2006, Anonymous Anonymous said...

"radical right-wing values"

Heh. What a 'tard.

 
At Sunday, 15 January, 2006, Blogger The Arabian Knight said...

Wow. How very "tolerant" of you anoymous (the first).

 
At Sunday, 15 January, 2006, Anonymous Jess said...

"Gross." What an eloquent piece of oratorical fireworks.
And when did Harper suddenly become unable to speak French?

 
At Sunday, 15 January, 2006, Blogger Shameer Ravji said...

Wal-Mart rocks, and as for the 1st anonymous, you're just like your your fellow anonymous posters who just love to flame the posters and hide behind the computer screen. Coward.

 
At Sunday, 15 January, 2006, Anonymous Anonymous said...

"harper the Calgary Sun in 2001 that "Canada is not a bilingual country. As a religion, bilingualism is the god that failed.""

 
At Sunday, 15 January, 2006, Anonymous Anonymous said...

edit:

"harper told the Calgary Sun in 2001 that "Canada is not a bilingual country. As a religion, bilingualism is the god that failed.""

 
At Sunday, 15 January, 2006, Anonymous Anonymous said...

"harper made no effort to apologize directly to the Ontario Federation of Indian Friendship Centres when he erroneously sent the group a letter congratulating it on a holiday celebrating India's independence from Britain. Like Columbus, Harper got the wrong Indians – the federation represents native Canadians."

Hahaha

Anyways,
Despite being a federalist all of my life, I will gladly vote for sovereignty should harper be the next prime minister.

 
At Sunday, 15 January, 2006, Blogger The Arabian Knight said...

"Despite being a federalist all of my life, I will gladly vote for sovereignty should harper be the next prime minister."

*sigh* And people question OUR patriotism.

 
At Sunday, 15 January, 2006, Blogger The Arabian Knight said...

Look anonymous, I don't mind your posting. But if your going to comment on a post at least try to make it relative to the subject raised.

 
At Sunday, 15 January, 2006, Blogger Jarrett said...

AK:

You're telling me Wal-Mart isn't evil? I was shopping there because I thought they were!

Anyone else know of an environmentally destructive big-box store that employs slave labour?

/evil conservative mode

 
At Monday, 16 January, 2006, Blogger Capt. Craig said...

You are pretty sharp for a 23 yr. old. I suspect you will go places. I am 61 and you are so right about unions. I have never met a union up close that passed the smell test. I notice that your critics are of the waist size IQ genre which tells me that you are on the right track.
I have traveled all over Europe and every one of the US states except HI, many Caribbean countries, lived in 8 provinces and in all my travels I was told to my face in only one place, to " Get the fuck out of my country, Anglaise." Chicoutimi, 1972.

I do not understand the Gallic temperament for the life of me. The ethnic chip on the shoulder is the size of a large Redwood. It seems not to matter where they come from whether it be France, PQ, Angola, Haiti, or Algeria; they are all tarred with the same brush. They think that the world owes them. I used to say years ago when confronted by those who insisted that they deserved a “special” place and consideration in Canada, “You lost at the Plains of Abraham, want to make it best two out of three?”

 
At Thursday, 15 July, 2010, Anonymous Anonymous said...

借錢 借貸 票貼

 

Post a Comment

Links to this post:

Create a Link

<< Home