Two Brits, Alex and Liam, Visit Walmart
"Walmart is amazing, I don't even know why any other stores exist. They should just have one Walmart for every city."
HT: Che
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Friday, September 02, 2011
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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9 Comments:
I didn't interpret the video as straightforward praise. They're sort of mocking the products Americans like to buy at Wal-mart, although pretty gently. Still, I think they were impressed by the variety of merchandise. And who wouldn't be?
Wow, that was pretty hilarious. I have never seen "ham and cheese" slices or frozen "pizza and cookies" meals before. Of course the ivory tower academics are probably sickened by such products so that's a pretty good indication of their legitimacy.
American Delight - I think it was a bit of mock mixed with awe. As in, 'what do these people have to complain about?'
When these two blokes get back home they need to visit an Asda Supercentre. Asda are Wal-Mart's United Kingdom outposts.
I don't think it will be nice if every city has just one Walmart. Without competition even the best of corporations get corrupted and lose quality over time.
"I don't think it will be nice if every city has just one Walmart. Without competition even the best of corporations get corrupted and lose quality over time."
When that begins to happen, competitors will spring up and take their customers away. Creative destruction is a constant.
Let them know the true costs and their tune will change.
Then again, they havent known their homeland as having any British identity, so I'm not sure if they'd understand it.
Perhaps so, Seth. That reminds me of a comment by one of the U.K. parasite looters who claimed they were looting because they've got "no opportunity." Somebody on YouTube said, "tell a starving person in Somalia that you've got no opportunity."
How long could that last, if the only retail stores anywhere were outlets of one company?
How could that come about?
Alex and Liam need to remember what they should have been taught in school. Their reading comprehension seemed adequate.
And finally, who cares
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