Tuesday, September 26, 2006


Two faces of Wal-Mart

These two stories illustrate why both liberals and conservatives need to consider their automatic ideological reactions to Wal-Mart.

1) Liberals have to take note of the retail giant's decision to offer generic prescription drugs at a
rock-bottom affordable price. If the pilot program is successful and Wal-Mart takes it national, this would obviate the need for drug reimportation from Canada. This is the virtue that comes with the ability to set prices by being able to order in massive bulk quantities.

2) On the other hand, the average conservatives might want to temper any tendency to gloat considering this story: Wal-Mart is threatening studios if they follow Disney's lead and start
license movie downloads to Apple for use in Ipods. The chain is sending a powerful message to other movie studios considering the same idea that there will be "serious ramifications."

To me, this shows the downside of "big business" dominance. Should Wal-Mart want to maximize its profits? Yes. However, it shouldn't be at the potential harm to consumer choice. By engaging in a sort of economic blackmail, Wal-Mart is helping to strangle a new form of entertainment distribution. That's not something that anyone who champions the idea of a free market should support.

Technorati Tags: ,

Bookmark and Share

<< Home

This page is powered by Blogger. Isn't yours?

Web raggedthots.blogspot.com
Weblog Commenting and Trackback by HaloScan.com AddThis Social Bookmark Button
Technorati search
Search Now:
Amazon Logo
  •  RSS
  • Add to My AOL
  • Powered by FeedBurner
  • Add to Google Reader or Homepage
  • Subscribe in Bloglines
  • Share on Facebook