[ExI] libertarians and inheritance
pharos at gmail.com
Mon May 11 16:19:56 UTC 2009
On 5/11/09, dan_ustwrote:
> * Also, there's the curious but usually unnoticed phenomenon of big firms
> calling for regulations. Why is this? It seems to me this is often to create
> regulatory hurdles that smaller competitors will find it harder to leap over.
> E.g., recently in the US Walmart voiced its support for raising the minimum wage.
> Does anyone honestly believe Walmart did so because it was feeling
> particularly altruistic (even if altruistic with federal power)? No, it seems to
> have been a good public relations move, but even more a great move to
> shake off competition from smaller firms who will find it much more difficult
> to pay their works more. In other words, Walmart is willing to harm itself --
> absorbing higher wage money costs -- as along as this harm is much more
> serious to its competition.
Just a point of correction here, as somebody, it might have been you,
:) has quoted this before.
This comment is back to front. I doubt very much that Walmart is
worried about smaller competitors. As you should know, the usual
effect of a Walmart store arriving in town is to close down all the
Walmart supports increasing the minimum wage because many of its
customers are minimum wage earners, so they would have a little more
money to spend in Walmart.
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