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  • The Walmart Effect (Re: Leap-16 ... Oh SHIT !)

    From Lars Poulsen@3:633/10 to All on Friday, June 19, 2026 06:12:31
    On 2026-06-19 05:18, The Natural Philosopher wrote:
    The principle of shorting falling markets has validity. As is providing
    what people will pay for.

    That is not the issue. The issue is one of whether or not itts 'good'
    and what that term actually means.
    Given the death of God in the post modern society, and ultimately with
    it a moral sense of rightness, what remains is only survival and what promotes it, and/or the individual feeling of ones own success.

    On 18/06/2026 20:33, rbowman wrote:
    Developing real products like Musk, even if playing the system, is good.
    I'll even give props to Bezos. I remember when Amazon was books and CDs
    and often promised more than they could deliver. I preferred Barnes &
    Noble back then since they had what they sold in stock. Many dotcom
    ventures failed; Amazon didn't. I'm not a fan but the Walton family also
    built something.

    So what? Was it good? Was it bad?
    It merely survived and prospered.
    I cannot fault Walmart's founders and management, By most accounts it is
    an impressively well managed company. The mission statement is written
    on every one of its stores, and it guides everything the company does:
    "Always low prices".

    What I will fault is a government that allowed it to grow excessively,
    to where it was over 25% of all retail sales (and consequently 25% of
    the domestic freight hauling market). And that has let Amazon do the same.

    --
    Lars Poulsen - an old geek in Santa Barbara, California

    --- PyGate Linux v1.5.17
    * Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)