A blog for graduate business students taking ECON 610 or similar courses at VCU. The opinions here are mine. No one at VCU reviews or approves what I post.
Wednesday, August 7, 2019
Walmart = the most successful social welfare system ever implemented
"Walmart is one of the wonders of the modern world, built from scratch in a hyper-competitive environment, scaled from nothing to the largest company in the US by revenue and by headcount, all resulting from a singular vision of saving everyday people money with everyday low prices. It is the most successful social welfare system ever implemented, saving billions and billions of dollars for everyday Americans without costing taxpayers a dime. It is a testament to the power of compounding interest, to the power of a focused plan executed violently for decades" (Zack Kanter).
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