The Big Bamboozle

Everybody loves to hate Wal-Mart.

I think ya gotta be careful with the whole 2-Minute Daily Hate thing, but there's something pretty satisfying about it once in a while. Especially when you can point it in the right direction.

Today's Econ Lesson

Dodging Bullets

Like anybody needs more reasons to avoid Wal-Mart:

PHOENIX -- Police said a man accidentally shot himself in the leg while at a Wal-Mart store in Phoenix on Saturday.
Phoenix police spokesman Officer James Holmes said the man had a gun on his hip and it went off.

Christa Allejandro was checking out at the store near 16th Avenue and Bethany Home Road when she heard a loud bang.

“It sounded like a balloon,” she said. “We were in the aisle paying for our stuff and then the next thing you know, a couple of aisles down from me, we hear a gunshot and we see a man cover his belly."

Holmes said the man's injuries were not life-threatening.

“I was just trying to get stuff for my son's birthday ... and next thing you know, all this chaos, and now it's shut down,” Allejandro said.

The whole ordeal caused confusion, shoppers to panic, and the store to be evacuated.

“I was tripping. I was trying to just get out of the store,” Allejandro said.

No one else was hurt.

--and--

COLUMBUS, Ind. (AP) -- Police say a gunshot wounded a woman inside a central Indiana Wal-Mart store after a man's handgun fell from his pants and fired.

Columbus police Lt. Matt Myers says the 26-year-old woman was treated for an upper arm wound by medics at the store but declined to go to a hospital.

Myers tells The Republic that city Police Chief Jon Rohde was inside the Wal-Mart store Saturday evening when he heard the gunshot and called for assistance.

Myers says a 56-year-old man told officers that his handgun was in a holster when it fell from his waistband. One bullet hit the woman who was pushing a shopping cart with her newborn son inside.

Myers says officers confirmed the man had a handgun permit and he wasn't arrested.

What's The Matter With Wal-Mart?

The short answer, of course is, "Who fucking cares?"  but there's something that feels like a bellwether in this, from CNBC:

At the center of the discounter's domestic woes is its appeal among shoppers who are facing stagnant wage growth and simply can't afford to spend on discretionary items—or in some cases, food.

"They're lowering prices and they're still not getting the traffic," said Belus Capital Advisors analyst Brian Sozzi.

First, Wal-Mart is making all the right moves if what they're attempting to do is to drive a deflationary downward spiral.  They cut their prices which means they have to hammer their workers and their vendors to cut costs, which means their vendors have to hammer their workers and their vendors and on and on and on - until nobody's making enough to spend the few pennies it takes to buy any of the piece of shit merchandise available anywhere.  It's an obvious over-simplification, but that's basically how an economy works.

But there's a kicker - a delicious extra bit of irony.  From the comments at the CNBC site:

walmart can have it, went yesterday, stopped stocking three things we went there to get. no customer service, the place is full of third world village idiots who have no discipline with themselves much less five or six anchor babies in tow. Their prices may be cheaper, but I'll pay more just to stay away, or starve.............now car insurance?? whats next?? baby birthing stations for illegals??????

This rube has grown up believing the bullshit about how differences between people are all about ethnicity and skin color and everything except economic class. So the guy we tend to think of as the "typical Wal-Mart shopper" is now going to avoid shopping at Wal-Mart because it's filled with people just like him.

It's A Wonderment

From a bit in Forbes, by the leftie-ish Rick Ungar:

With Medicaid eligibility about to be expanded in some 30 states, as a result of the Affordable Care Act, Wal-Mart has responded by cutting employee hours—and thereby wages—even further in order to push more of their workers into state Medicaid programs and increase Wal-Mart profits. Good news for Wal-Mart shareholders and senior management earning the big bucks—not so good for the taxpayers who will now be expected to contribute even larger amounts of money to subsidize Wal-Mart’s burgeoning profits.

But, at long last and in a move gaining popularity around the nation, the State of California is attempting to say ‘enough’ to Wal-Mart and the other large retailers who are looking to the taxpayers to take on the responsibility for the company’s employees—a responsibility Wal-Mart has long refused to accept.

It’s about time.

--and--

Of course, the California Retailers Association, where Wal-Mart Stores WMT +1.14%, Inc. is listed as a board member company, is not quite so pleased with the legislation. According to Bill Dombrowski, chief executive of the Association, ”It’s one of the worst job-killer bills I’ve seen in my 20 years in Sacramento, and that says a lot. The unions are fixated on Wal-Mart, but that’s not the issue here. It’s a monster project to implement the Affordable Care Act, and having this thrown on top is not helpful.”

One wonders if we will ever see the day when Americans will stop falling for the hostage-taking narrative consistently put forward by those whose job it is to defend the indefensible. At the first suggestion of finally putting a chink in Wal-Mart’s policy of profiting at the taxpayers’ expense—a practice that should have every American thinking about what passes for free-enterprise in the United States today—the response is to always threaten to take away jobs if we dare to challenge their business practices, even if those practices cost us billions.

I'm not a regular visitor to their site, so I don't know how often they do this kinda thing, but seeing this under the flagship Forbes brand seems odd to me.  It feels encouraging tho', especially considering that Ungar is staking out what has traditionally been the conservative position when we approach the issue of government involvement in private business.

When Wal-Mart practically owns local and state politicians; when they dominate the retail sector of any portion of any economy; and as a result they get to use the power of government to enforce their business plan - isn't that almost exactly the kind of overly-powerful relationship we're all supposed to be against?

Be sure to browse the comments too - Ungar goes toe-to-toe with some of the more rabid knee-jerkers. 

Celebrating Life's Little Victories

How come it seems like when you see one of these guys, it's just always at Wal-Mart?

The Wal-Mart Effect

Longer than the average attention span, but greatly informative. Stay with it.