I'm going to link to this piece in Capichinomics (Investment Advice Inspired by Monkeys !?!), because it contains almost NOTHING I agree with. Basically, it accuses a monopolistic Wal-Mart of setting off a spiraling deflation because its Always Low Prices have made consumers refuse to pay more for goods. Ah, contradictions...
Anyway, here's one cut:
The mere thought of competing with Walmart is enough to make competitors close up shop and move, perhaps to another country. In retailing, WMT is a hungry dog that devours every other dog that comes its way.This is just silly. Do you really want to read the whole thing?
Posted by Kevin on December, 8 2004 at 11:27 AM
