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Thursday, April 07, 2005

Wal-Mart the Consummate Capitalist

Wal-Mart is the world's largest business. Its $250 billion in annual sales makes it bigger than legendary giants like Exxon, General Motors, and IBM. How did Wal-Mart get so big?

Wal-Mart: A Business We All Can Look Up To

Q. How did they achieve its goal of low prices?
A. Wal-Mart allegedly exploits its own employees by paying "poverty wages".

Nope. Every employment contract is a voluntary agreement between consenting parties. The wages, benefits, and work conditions at Wal_Mart must be as good as or better than those elsewhere, since otherwise people wouldn’t choose to work at Wal-Mart.

From an economic perspective, Wal-Mart is a major force in promoting prosperity for everyone, including consumers, employees, shareholders, and suppliers. The company helps consumers get more for their money, provides jobs for willing employees, and offering a great expansion of choices of consumer goods for consumers in small communities.

Wal-Mart is a model of success that should be emulated.