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06/24/2006 Entry: "Why Wal-Mart must be broken up"

"Antitrust enforcement against the A&P and other big firms that Sears prevented any twentieth century firms prevented any twentieth-century American retailer from ever growing nearly as powerful as Wal-Mart is today. But since the Reagan Administration, the only effective constraints on Wal-Mart have been set by investors and revenue flow. Even during the 1990s, when the Clinton Administration targeted a few companies for abusing their pricing power, the Arkansas-based retailer somehow managed to avoid any action. It is unclear whether this was in any way due to the close relationship between the Clinton family and Wal-Mart, on whose board Hillary Clinton served for many years. But even as Staples and McCormick & Co. were sued, a firm with vastly more power over the American economy was left entirely free to extend its domain in whatever direction and to whatever extent it wished. In fact, in one of the highest-profile antitrust cases of the 1990s, an FTC suit against Toys R Us for colluding with toy manufactures, Wal-Mart emerged as one of the biggest winners."
Breaking the Chain. The antitrust case against Wal-Mart, by Barry C. Lynn, Harper's Magazine, July 2006

Hm. Wal-Mart is even more dangerous than I thought. See Monopsony.

Hillary, please don't run for Prez. I'd like to be able to vote in 2008, and I just can't and won't vote for you. Ever.

Posted by GM

Replies: 1 Comment

She's running. If we don't want to get stuck with her, we have to get someone else through the primaries. Right now, I don't see who. Depressing.

Posted by janinsanfran @ 06/25/2006 09:03 PM PST

 

 

 

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