December 02, 2004
Competing with Wal-Mart

Yesterday's WSJ (sorry, subscription required) reported that Wal-Mart's Christmas sales are off to a slow start because of COMPETITION from Target, Best Buy, and Bed Bath & Beyond. Bravo--rather than bashing Wal-Mart and trying to get government to do their bidding, these companies are finding better and cheaper ways to satisfy consumers.

Posted by E. Frank Stephenson at 09:41 AM  ·  TrackBack (119)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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