Wal-Mart, You ARE Doin’ a Heckuva Job!
Posted By Don Boudreaux On August 26, 2011 @ 11:56 am In Civil Society,Complexity & Emergence,Dinner Table Economics,Wal-Mart | Comments Disabled
This report opens with a photo of the invisible hand rarin’ to go to work [1]. (Perhaps it’s too much to note the symbolism of the invisible hand being detained, if only for a while, by agents of the state.) Note that Steve Horwitz (GMU ’88 or ’89 [Steve: remind me]) is quoted to good effect in this report. (HT Craig Kohtz, who correctly notes that “this has The Price of Everything [2] written all over it.”)
All of which raises the question: when you and your neighbors are homeless, hungry, and thirsty following a natural disaster, would you prefer to rely upon the devotion to public service that allegedly motivates FEMA workers, or to rely upon the devotion to their own self-interests that undoubtedly motivates executives, workers, and suppliers of private companies such as Wal-Mart and Home Depot?
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[1] This report opens with a photo of the invisible hand rarin’ to go to work: http://www.npr.org/2011/08/26/139941596/big-box-stores-hurricane-prep-starts-early?ps=cprs
[2] The Price of Everything: http://www.amazon.com/Price-Everything-Parable-Possibility-Prosperity/dp/0691135096%3FSubscriptionId%3D1YNZ339ZCHHAKYFSY702%26tag%3Dinvisiblehear-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D0691135096
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