[ExI] SUBJECT lines (RE: libertarians and inheritance)

[Natasha Vita-More]

Please change the subject line to reflect the contents of the posts.

Many thanks,
Natasha 


Nlogo1.tif Natasha Vita-More

-----Original Message-----
From: extropy-chat-bounces at lists.extropy.org
[mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of BillK
Sent: Monday, May 11, 2009 11:20 AM
To: ExI chat list
Subject: Re: [ExI] libertarians and inheritance

On 5/11/09, dan_ustwrote:
<snip>
>  *  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 small shopkeepers.

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.

BillK
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