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Old 04-16-2008, 10:52 PM   #35 (permalink)
RH77
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May I bring the topic back to the origin:

Food prices are Increasing for the World's poor.

To respond to the ancillary discussion:

I have inside info that Wal-Mart intentionally will contract with suppliers (sometimes domestic), take a huge share of their sales, and insist on cheaper prices: only to put them out of business and buy the whole works at a discount. Fully planned and executed. Ethical? No. Business? Yes.

It happens as the supplier cannot handle the lower prices and attempts to negotiate. WM says "See-Ya" and the supplier lost 90+% of their sales. Bankruptcy ensues and jobs go overseas while WM buys the "Name".

The same is going to happen to the local, and even Corporate, Pharmacies (read: Walgreen's, CVS, Osco, etc.) Wallie World underprices scripts to bring customers into the store. Profit is made on the "While I'm here" purchases. Personally, I haven't set foot in a Wal-Mart for more than 2 years.

Personally, I don't agree with it. It's a poor business practice and represents a biased business model. Remember the anti-trust laws from History class?

I support workers' rights -- anywhere, but it's good to see jobs stay in the U.S. and Canada. Our manufacturing base has dwindled to a blip on the radar in the World market. The advantage to the weakening Dollar is more jobs filtering in.

My 3.5-cents adjusted for inflation.

Sooooooo...World food supply anyone?

RH77
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