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Regardless of whatever else it does that may be
bad, Wal-Mart does seem undeniably effective at reducing prices to
consumers. What do specialists in Douglas' idea of the retail discount
have to say about the Wal-Mart phenomenon as either expressing the policy
Douglas advocated or as limiting the force of its applicability?
Related news is that although some places have
resisted Wal-Mart invasions by collecting enough signatures to force a
referendum on the issue, recent U.S. legal decisions have given carte blanche to
corporations for spending as much money as they want to in campaigning against
whatever citizen protest comes up. They are free to buy as many votes with
their abundant money as they can. Not exactly a Monopoly of Credit, but
quite clearly one of its consequences. Seems to be a significant setback
to moving the program forward--the hurdles get higher instead of
lower.
Keith Wilde | 
Wal-Mart, Retail D
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