Tag: walmart
Who has Walmart shareholders’ wealth?
July 3, 2017 | Post
Many good people condemn the free market system on the mistaken belief that the wealth of the wealthy benefits only the wealthy.
Defending Middlemen
September 27, 2016 | Post
Each consumer is free, on his or her own, to visit farms and factories and processing plants in order to purchase items directly from producers. But, of course, such visits would be enormously time consuming and would cost quite a lot in airfare and other travel expenses. We know that retailers and other middlemen perform valuable services because we observe consumers, everyday, voluntarily paying for these services.