Wal-Mart Derangement Syndrome

Being hated by the wealthy and powerful is perhaps the high cost of serving those with low incomes, and Wal-Mart will no doubt continue to encounter resistance from those who don’t need its services for some time to come.And what a great investment its stock has been and continues to be.
clipped from www.mises.org
Wal-Mart has become the poster boy for everything that its opponents love to hate about the modern economy. From its use of nonunion labor to its “low” wages, to its marketing of inexpensive foreign goods, Wal-Mart is uniquely singled out as the most monstrous example of everything that is thought to be wrong with American society today.

The general bias against Wal-Mart extends far deeper than any generic bias against capitalism or against Wal-Mart’s success. The people who hate Wal-Mart seem to have few scruples about shopping at Bed, Bath & Beyond or Target. Even if Target enjoyed a market share similar to that of Wal-Mart, it’s difficult to imagine the same culturally based disdain being directed with nearly as much passion at Target as has been the case for Wal-Mart.
Wal-Mart has long served its low-income customers well, and it has improved the lives of many by making food, toys, tools, and clothing more affordable for millions.
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