Move over Enron, Walmart is the new punching bag ... The headline from a Christian Science Monitor article. It seems that taking pot shots at WalMart for being big, or succussful, or too profitable, or just plain .... good at what they do ...... IS NOW A NATIONAL PASTIME.
Why is that? They employ millions of people who choose to work part time or off hours for their families. They buy billions of goods from countries that are fevereshly scrambling to get on the capitalism bandwagon. They sell at such low prices I would make the case that they, more than Alan Greenspan, have held down American inflation to 2 and 3% levels. They just won't take "price increase" for an answer. They believe in empowerment and innovation.
Go ahead tell me what's so wrong with this perennial American Dream creating company?
Fast Company Magazine relates the story, based on a Music Trades article, of WalMart's announcement that they would be selling inexpensive guitars. An instrument retailer said "After seeing an $89 guitar in WalMart, if they walk into your store and see a guitar for $500, their immediate reaction is, "" this guy's ripping me off.""
So, the overpriced guy, is complaining that the big mean WalMart monster is going to take away his $400 mamouth profit that he was screwing the buyer out of for years?