Lifestyle > Train of Thought

walmarts bad for economy? (i dont know if this is the right section sorry)

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swangin and bangin:
so is walmart good or bad?

Samoan Enforcer:
walmart is OK. you cant be number 1 without being both

7even:
monopoly is always bad, fanboys.


--- Quote ---When we make the economy more efficient we create losers.  People are hurt.  Small businesses get killed.  Workers get laid off.  Middle income jobs get replaced with lower income jobs.  Or something else happens.  These things are all good for the economy.  But its not so clear that they are good for society.  Try not to confuse the two.
--- End quote ---

it's not about confusing, it's about being smart enough to realize that things that hurt the society also hurt the economy in the long run. if people get paid less, lose their businesses, etc, of course that's also bad for the economy... because what sucks for the economy is that those people will eventually consume less, since they have less money.

now one can argue that it's just about the poor get poorer and the rich get richer and overall economy efficiency is the same if not even better, just society is ass.

but if the poor don't buy from the rich then it's a problem again, isn't it? nothing hurts an economy more than people who don't buy shit.

that being said you can always make statistics to "prove" something is awesome/awful, so what the hell.

at the end of the day I will never be a fan of monopolies or things close to that, never. economic competition and economic diversity .. those things are very important, and monopolies kill them.

for the less economically educated ones in here, here's an example to make it more visual. let's imagine the playstation 3 and the nintendo wii wouldnt exist because microsoft baught sony and nintendo. so only the xbox 360 exists. monopoly right there. so everybody has to buy from microsoft. what happens? the quality of the console decreases as they put less effort in and the prices go up ... because there's no competition AND you also don't have the diversity you'd have if there's also a wii and a ps3.

fuck walmart.

Chief:
^but the beauty of it all is, if the 360 was the only console on the market, and it's quality decreased while price increases, it will create demand for a better quality console for a better price, and the market will take it's course.

i dont believe WALMART is bad for the economy, it may drive some business to failure, but there will always still be niche markets that smart business people could enter and provide things walmart doesnt.

it's strange that Walmart is the only large supermarket chain though...

Sparegeez:

--- Quote from: Chief on January 02, 2007, 08:14:10 AM ---^but the beauty of it all is, if the 360 was the only console on the market, and it's quality decreased while price increases, it will create demand for a better quality console for a better price, and the market will take it's course.

i dont believe WALMART is bad for the economy, it may drive some business to failure, but there will always still be niche markets that smart business people could enter and provide things walmart doesnt.

it's strange that Walmart is the only large supermarket chain though...

--- End quote ---

what about costco?

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