Friday, March 28, 2008
Wal-Mart vs. Government
Free enterprise.
Law of supply and demand.
Survival of the fittest.
Anything but government...
Law of supply and demand.
Survival of the fittest.
Anything but government...
At the NationalPost.com website, Colby Cosh writes:
"No one who is familiar with economic thought since the Second World War will be surprised at this. Scholars such as F. A. von Hayek, James Buchanan and Gordon Tullock have taught us that it is really nothing more than a terminological error to label governments "public" and corporations "private" when it is the latter that often have the strongest incentives to respond to social needs. A company that alienates a community will soon be forced to retreat from it, but the government is always there. Companies must, to survive, create economic value one way or another; government employees can increase their budgets and their personal power by destroying or wasting wealth, and most may do little else."
