JamesShrugged Posted June 21, 2014 Posted June 21, 2014 http://anarchobjectivist.wordpress.com/2014/05/21/a-free-market-defense-of-walmart-not-so-fast/ "In his November 27, 2013 Forbes article, Doug Altner asks the question, “Why do 1.4 million Americans work at walmart?” His answer, presumed to be along free market lines, is that walmart and its employees voluntarily trade value for value to mutual benefit and satisfaction. “So, let’s stop attacking Walmart for paying market wages,“ Altner urges readers. Since Walmart and its business model exist in the context of a mixed economy, and depends fundamentally on state interference into the economy on their behalf, or that, at the very least, give rise to a business model that could not exist unsubsidized (even nominally) it cannot be said that Walmart operates according to free market principles."
MrCapitalism Posted June 22, 2014 Posted June 22, 2014 Here's the same argument made by a free market advocate 9 years ago. https://mises.org/daily/1950/WalMart-Warms-to-the-State You only love free market enterprises to the extent they are free market. Welcome to the boards btw!
JamesShrugged Posted June 23, 2014 Author Posted June 23, 2014 Here's the same argument made by a free market advocate 9 years ago. https://mises.org/daily/1950/WalMart-Warms-to-the-State You only love free market enterprises to the extent they are free market. Welcome to the boards btw! Thanks!
Recommended Posts