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News With A Smirk Hedge $ Bought Drug Patent For Hiv Raised Price 5000%

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In a very different sense to the one that the Reverand Jesse Jackson uses it, Walmart is a direct product of economic democracy.

Sam Walton's fortune was a result of the daily choices of ordinary Americans to spend their hard earned in Walmart, or to keep it in their pockets and to spend it elsewhere. Those "votes" occur daily, not just once every three or five years, and they are daily ,votes for or against every product and price Walmart has.

Certainly we can argue that the military industrial complex, that Eisenhower warned of, socialised much of walmart's distribution costs, by constructing the interstate highway network, but that is hardly Sam Walton's fault.

Walton, was a shop keeper in a forgotten back water of Arkansas, who had a knack for selling things that people wanted, at a price they were willing to pay.

As soon as Walmart departs from that principal,

Then the individual votes of whether to spend hard earned in Walton's stores, or to keep it in your pocket and spend it else where, will go against the Walton heirs, and their wealth will soon be in more deserving pockets.

Which pockets are more deserving, is up to the individual choices of people spending their own hard earned.
Much as politicians, bureautw@s and others would like to inflict their own preferences by force.
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I've dropped several heavy hints to friends who have kids looking for graduate jobs, that they could do much worse than get a job stacking shelves, or working checkouts in the British end of Walmart

The current British boss, rose from shelf stacking, and it remains one of the few places where talent is looked for and promoted from even the lowliest levels within the business.

They realise that if you have done the jobs your self, you're less likely to be taken in by BS excuses.
 
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If I remember right Wal-Mart's founder Sam Walton had several stores go under before he developed Wal-Mart. I think his first Wal-Mart almost went under. He was also very frugal. Made his executives stay in budget motels and hotels. Share rooms.

Current owners and stock holders not sure of. I prefer local and farmers markets.

The current British boss, rose from shelf stacking, and it remains one of the few places where talent is looked for and promoted from even the lowliest levels within the business.

Haven't looked at them in years, but have to agree.
 
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Actually? Though...it's not UNREGULATED capitalism, is it?
Because if it were REALLY unregulated, I'd be able to go buy my Indian pharmaceuticals at a shop!

...So...it's more like a protected, artificial close-to-monopoly market, in which competition is mostly not allowed, and price gouging is.

So? It's more accurate to say it IS a regulated market...just regulated to maximize the profit of the American pharma makers!.

@Stickler @Anarchy Nailed it! Bingo!!
 
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