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To: Tamar1973
My understanding is that South Korea is by-and-large a capitalist country. There may be some "industrial policy" and "public-private-partnership" shenanigans going on, but no worse than what is happening here in the good ole' USA.

If there were already a number of companies selling fried chicken for around $14-15,000, I would be suspicious of a company that could come in and undersell by a factor of three.

It is wrong for people to just protest the "unfair" (unfair to who?) price. But someone needs to investigate. Either this company is cutting some pretty large corners, or the other companies have set up an illegal cartel which needs to be exposed and eliminated.

BTW, there is nothing wrong with Saul Alinsky's methods. The only thing wrong was what he hoped to achieve with those methods. The right could learn a thing or two by studying his methods. Corporations have already learned many valuable things by responding to his tactics and Alinsky-proofing their buildings and business processes.

7 posted on 07/26/2011 12:01:32 PM PDT by who_would_fardels_bear
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To: who_would_fardels_bear
My understanding is that South Korea is by-and-large a capitalist country.

Yes, that's true.

If there were already a number of companies selling fried chicken for around $14-15,000, I would be suspicious of a company that could come in and undersell by a factor of three.

Lotte Mart is a grocery store chain, a very large one. Their main competition is other grocery store chains, not restaurants.

It is standard operating procedure for grocery stores to offer certain items at significantly below cost to bring customers into the store so they'll stick around and spend more money on non-sale items and boost the overall bottom line of the store. This is good for the store and good for their shareholders. There's nothing illegal or inappropriate about that.

What's inappropriate is the ridiculous over-reaction to it.

9 posted on 07/26/2011 12:21:15 PM PDT by Tamar1973
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To: who_would_fardels_bear
BTW, there is nothing wrong with Saul Alinsky's methods.

Actually, there's a big problem with his methods because they are all about the ends justifying the means, utterly amoral, which is who Alinsky lived his life.

10 posted on 07/26/2011 12:22:52 PM PDT by Tamar1973
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