Monday, March 24, 2008

St. Wal-Mart Deserves the 2008 Nobel Peace Prize

BENTONVILLE, Ark., Mar. 14, 2008In an address to the Council of Teaching Hospitals in New Orleans later today, Wal-Mart’s senior vice president and president of health and wellness, Dr. John Agwunobi will confirm a major milestone for the company’s $4 prescription program. Since its launch in September 2006, the program has now saved Americans more than $1 billion ($1,032,573,012.61 as of March 10, 2008).

And that was $1 billion in only 18 months!! So while politicians and pundits in Washington fret about 41 million Americans without health insurance, and dream up the next grandiose government-based health care reform, the most effective health care solutions may be right around the corner at your local Wal-Mart, which offers affordable $4 prescriptions and affordable
health care clinics (now in 12 states).

And as
Steve Horwitz points out, the savings to consumers actually exceed $1 billion because Wal-Mart's $4 drug plan was matched my many of its competitors (Kroger and Publix, etc.).

Here's a
case for Wal-Mart getting the 2008 Nobel Peace Prize (via Austrian Economists), for lifting so many people out of poverty, benefiting so many poor people with "everyday low prices," selling prescription drugs that are almost free ($4), lowering inflation, and creating more than a million jobs.


At 3/24/2008 11:56 AM, Anonymous Anonymous said...

Walmart has been successful because it has been more adept at identifying and serving the needs of a diverse customer base.

In recent years, Walmart has begun to react to anti-Walmart laws and detractors. Sam Walton would not be trying to gain public approval through good works but by delivering the best product. The business of Walmart is not the irradication of world poverty and attempts to morph into a social service organization can lead to serious misdirection.

An organization (profit or non-profit) needs to stay focused in order to be most effective in the use of its resources.

A business would be better to aim for the Milton Friedman Prize than the Nobel Peace Prize.

At 3/24/2008 3:45 PM, Anonymous Anonymous said...

People shouldn't complain about Wal-Mart because they make lots of money. That is what they are suppose to do.

Without Wal-Mart a lot of people wouldn't be able to afford to live. Of course the people that protest against Wal-Mart seem to overlook that fact. They probably shop at Wal-Mart themselves.

$4 prescriptions is a very good deal to people who can't afford to pay full price. Yet people still complain. After all it is ridiculous to pay anything at all for your medications when your having a hard time paying for that 52" flat screen tv.

The Masked Millionaire

At 3/24/2008 9:45 PM, Anonymous Anonymous said...

Could not agree more. Our lives are much better because retailers stand on their heads trying to get products to us at the best price. In the past, simple commodities like salt were a luxury.

One cannot but recall the words of Sir Toby Belch in Twelfth Night:

"Dost thou think that because thou art virtuous, there shall be no more cakes and ale?"

It seems indicative of the times that a millionaire needs a mask.
Although as an Anonymous, I also wear a mask of my own choosing.

Anon. 11:56

At 3/25/2008 5:57 PM, Anonymous Anonymous said...

However, their unionbusting will be what keeps them locked out of an award they never deserved. If they have to spew propaganda and force a long battle to coerce, they've lost.
They might have had a chance when Sam ran it. However, their chances went way down as they antagonized their own nation.
Now if you were talking of an award highlighting their lack of meeting the criteria(for the Nobel), they're due for a lifetime award.


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