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Wal-Mart Does Not Believe in Altruism, They Believe in PROFIT
WSJ/The Lid ^ | 7/2/09 | The Lid

Posted on 07/02/2009 7:51:47 PM PDT by Shellybenoit

The largest retailer in the world made a surprise announcement this week. Wal-Mart said that that it supports the White House's proposed health care reform that would require employers to provide health insurance to their workers. Many companies including Wal-Mart—the nation's largest private employer—have long opposed a mandate in fear of the cost burden it could bring to their businesses. So why would Wal-Mart change its mind?

A responsibility in my previous job was to develop the marketing strategy for our Wal-Mart efforts. The most important thing I learned about the retailer was that there isn't a manager at Wal-Mart that wouldn't run over their own grandma to gain one more market-share point or to get rate that was lower then the competition. I don't say that as a knock, this is why the company is so successful.

The reason for Wal-Mart's change is simple they either think the government program will give them a competitive advantage against the competition, or they think it will wipe out an advantage that the competition has. You see Wal-Mart does not believe in altruism, they believe in PROFIT:

(Excerpt) Read more at yidwithlid.blogspot.com ...


TOPICS: Business/Economy; Health/Medicine; Politics
KEYWORDS: govthealthcare; obama; walmart

1 posted on 07/02/2009 7:51:47 PM PDT by Shellybenoit
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To: Shellybenoit
This would make the corporate socialists, not capitalists.
Now the left can suddenly love them.

As Rush said, this is how the private option will die. When something is offered for “free,” people (businesses) will take it eagerly, thus leading to 8-month waits for CAT scans and MRIs when blood tests indicate a very strong likelihood of cancer.

2 posted on 07/02/2009 8:03:18 PM PDT by Ghost of Philip Marlowe (The most dangerous fascists are those with a warm smile and soothing voice.)
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To: Shellybenoit

Well, me may see a downtick in conservative/right wing Wal Mart worshipers.
I guarantee you, though, just like Bushbots will not let go of their Stockholm Syndrome, some will claim that this is a smear. That the left made it up or that it’s not that bad.
Wal Mart has a mission to destroy small business. With small business goes choice and also goes the middle class.
To hell with Wal Mart. Die well, Wal Mart.


3 posted on 07/02/2009 8:12:47 PM PDT by cybervyk
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To: Ghost of Philip Marlowe
This would make the corporate socialists, not capitalists.

Isn't that what fascism is...corporate socialism????

I know one thing tho: the quality of management @ Wal-Mart has really declined since Sam died several yrs ago. They have no respect for their people anymore & look to fire people @ the drop of a hat so they can bring in newer people & pay them less.

A good friend of mine, a decent Christian woman in her early 70's who had worked for them for over 14 years, was fired 'cuz she accidentally backed into one of their shopping cart corrals one night after getting off work.

4 posted on 07/02/2009 8:17:31 PM PDT by ChrisInAR (The Tenth Amendment is still the Supreme Law of the Land, folks -- start enforcing it for a CHANGE!)
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To: cybervyk
People can say what they want about Wal Mart, but with their prescription plan for generics a 3 month supply of medication cost under 15.00...That has forced other stores to lower their price for medication...Even the Kroger in the town I live in has lowered prices on prescriptions...I pay for my own meds. and for Wal Mart has done more to make it affordable than any government program....(I refused to sign up for gov’t prescription drugs and prefer to pay for them myself...My grand-kids shouldn't be taxed for my meds.)
5 posted on 07/02/2009 8:22:48 PM PDT by goat granny
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To: Shellybenoit

Anyone who ever thought differently is a dope.


6 posted on 07/02/2009 8:22:50 PM PDT by dr_who
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To: Shellybenoit
You see Wal-Mart does not believe in altruism, they believe in PROFIT:


7 posted on 07/02/2009 8:23:31 PM PDT by Costumed Vigilante (Congress: When a handful of evil morons just isn't enough)
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To: ChrisInAR
To tell you the truth, I don't know much about Wal-Mart. If they fired her for that, they are jackasses.

It's a popular line of the left that fascism is “corporate socialism,” but it simply is not the case.

The problem is that fascism is exceedingly difficult to define, mainly because there have been several manifestations of it, each of which contradict another.

It's better to think of fascism as a form of rule, over the people and over production, but not by “owning” either, rather by ruling through intimidation and ruthlessness. This allows people to believe they are voluntarily a part of a national movement when, in fact, they are not; they are subject to it (just as those in a communist state are, but know full well where they fit in).

Liberals like Bill Maher say that fascism is governmental corporatism, but they do so to malign corporations while ignoring the governmental aspect of the incestuous relation.

The point to keep in mind is this: capitalism is not so much an economic system as it is a behavioral path that people pursue for their own benefit when they are free to do so. That is, it is the behavior that occurs in a free-market system.

When corporations grow to such a size that they are less concerned about their customer and how they are regarded by the customer and more concerned about governmental favortism, they cross a line into corporate-socialism. That is, they forsake free-market principles in exchange for guarantees that they will be rewarded by the State.

Regardless of whether it is “fasicistic” or not (which I don't think it is), it is a destruction of free-market principles, and thus colludes with the collectivists/socialists/central-planners/communists...whatever you want to call that system of governance that absorbs the markets.

8 posted on 07/02/2009 8:38:39 PM PDT by Ghost of Philip Marlowe (The most dangerous fascists are those with a warm smile and soothing voice.)
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To: ChrisInAR

That may not have been unreasonable. Imagine if she’d accidentally backed into a customer a few days or weeks or months later, and the victim was able to show that WalMart knew she’d backed into a cart corral, and continued having her work there even though they knew she’d be driving to and from work. Some people are already beginning to lose their ability to drive safely at that age, and given that she backed into the corral in a place she was obviously very familiar with, I can see management deciding that she posed a real risk.


9 posted on 07/02/2009 8:55:27 PM PDT by GovernmentShrinker
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To: Ghost of Philip Marlowe

Thank you for the explanation that you gave me. It is quite interesting.


10 posted on 07/02/2009 8:56:01 PM PDT by ChrisInAR (The Tenth Amendment is still the Supreme Law of the Land, folks -- start enforcing it for a CHANGE!)
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To: goat granny

They’re also selling generic versions of over the counter medications for about half the cost of the same generics at major drug store chains. I’m sure the stuff is all made in China, but so is the same stuff that costs twice as much at the drug stores.


11 posted on 07/02/2009 8:59:13 PM PDT by GovernmentShrinker
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To: goat granny

That’s all well and good. The problem is, it looks like Wal Mart is going to leave us in the lurch. We will take gov’t health care or we’ll die.
Those cheap pills are going to kill all of us.


12 posted on 07/02/2009 11:08:51 PM PDT by cybervyk
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To: cybervyk
I cannot blame WalMart for what the democrats and idiot president are doing to this country and business..Obama wont quit until the courts make him and his crony's stop. With so many people out of work right now, many find Wal Mart prices an oasis when it comes to their pocketbooks Just as bad management and labor unions killed American Auto companies, Wal Mart has been fighting the unions...thats why lots of people hate them..
13 posted on 07/03/2009 10:07:50 AM PDT by goat granny
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To: cybervyk
I cannot blame WalMart for what the democrats and idiot president are doing to this country and business..Obama wont quit until the courts make him and his crony's stop. With so many people out of work right now, many find Wal Mart prices an oasis when it comes to their pocketbooks Bad management and labor unions killed American Auto companies, Wal Mart has been fighting the unions...thats why lots of people hate them..
14 posted on 07/03/2009 10:09:26 AM PDT by goat granny
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