Feb 04

Why Walmart will never need a government bailout

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image thumb16 Why Walmart will never need a government bailout
No bailer outers need apply

They laid off 11,200 jobs last year, and 300 yesterday:

Duke said an essential part of Wal-Mart’s culture is always striving for greater efficiency. He said the company’s new fiscal year, which began Monday, is off to a productive start.

I wish our government had a similar culture.  A flat tax would make everybody equal shareholders and force the government to be efficient.

2 Responses to “Why Walmart will never need a government bailout”

  1. Carl Nelson Says:
    February 4th, 2010 at 9:41 am

    Aren’t beautiful theories a wonder to behold? If the nation, including the government, were a mere collection of WalMarts, the unemployment rates would vary from 2% to 25% as the business cycle went through its normal swings and government actually accentuated them. We actually had such conditions before the Great Depression after which we changed our national attitude toward unmoderated capitalism. What’s good for WalMart is not therefore good for the nation.

    Flat tax is another beautiful theory that conveniently overlooks the reality of political and economic life.

  2. Ken Says:
    February 4th, 2010 at 9:57 am

    Where did I say a collection of walmarts?

    What I called for is a government accountable to a set of roughly equal stakeholders.

    You’re against that?