It’s Time to Bust Up the Wal-Mart Monopoly

It’s time to bust up the Wal-Mart monopoly, just like we once broke up John Rockerfeller’s Standard Oil Company monopoly.  Wal-Mart has become a monopoly retailer in the United States.  We must bust them up.  Just like we once busted up AT&T (and will have to again) and like we will have to do with the big banks and Exxon Mobil (again.)

 

 

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2 Responses to “It’s Time to Bust Up the Wal-Mart Monopoly”

  1. I don’t disagree, but it reminds me of the Standard Oil story. The busting up of Standard Oil is a favorite story of mine because old Rockefeller came out of that with many times the wealth he had going in. Splitting up was good for business, as he had stakes in all the new baby oils.

    And isn’t it quite the observation that all the old oligarchies and industry giants have pretty much reformed themselves to their old size and power? With a little help from their friends (in government).

    But how do we target Wal-Mart without also targeting Target (which has now beat Wal-Mart as the low price leader), Costco, and the rest of the big box stores?

  2. Busting them up is not a permanent solution, true. Standard Oil and AT&T have reassembled themselves just like some Terminator in the movies, but at least we had some competition for a few decades.

    We need to bust up Wal-Mart, Citigroup, JP Morgan, B of A, AIG, Exxon-Mobll, Boeing, Lockheed, AT&T (again) and anyone else who is monopolizing the market. I probably left out a few.

    have a peaceful day,
    Bill

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