From 2005 we found this column by Rich Lowry (left)...........A new documentary, Wal-Mart: The High Cost of Low Price trashes the much-maligned discount retailer. What the company’s executives are now encountering is the high cost of progress. The political reaction against Wal-Mart is the latest iteration of the fear and loathing that greets any major innovation in American retailing. A new paper from the Competitive Enterprise Institute details the long history of resistance to retail advances. In the late 19th century, the advent of department stores caused outrage. The same reaction met the rise of mail-order catalogs, which were burned in public at the behest of local retailers. The rise of chain stores in the 1920s also inflamed local merchants, who claimed that they threatened "the future of the children." Read more:
Are We Too Dumb to be Allowed at a Wal-Mart?
Posted by
Jim Spence
on Thursday, July 22, 2010
Labels:
Economics,
National News
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