Why did Wal-Mart 'cave' on health care?
The always-astute Megan McArdle offers the best explanation I've heard.
I find it hard to believe that none of the liberal commentators breathlessly celebrating Wal-Mart's "capitulation" on national health care have even entertained the most parsimonious explanation: that Wal-Mart is in favor of this because it raises the barriers to entry in the retail market, and hammers Wal-Mart's competition. Yet somehow, this appears nowhere in any of the analysis.







Comments
Thank you so much. At last someone with some common sense that can see through Wal Mart on the health care issues. Here we have a business that could be SELF insured but chooses not to be. They COULD pay a living wage. They COULD provide a retirement pension. But instead they are so hooked on their own greed of ultra ultra wealth that they will do anything to crush everyone else and continue using sweat shop slaves to produce the goods at pennies on the dollar while they rake in billions. Their CEOs and corporate staff make multiple millions in salaries per YEAR while the working people suffer. As for their health clinics, I think I will pass on buying groceries in the same place sick people are coming with their dirty hands, germs, oozing snot....no one washes the buggies. Or much of anything else in those stores.
Posted by: Alice | July 7, 2009 2:09 AM