Businesses are Regulating Themselves Before the Government Gets the Chance By Joe Jarvis - August 25, 2018
Walmart Self-Regulates
Is Walmart the evil harbinger of late-stage capitalism? Or is it the hallmark of a civilized society?
Walmart has been criticized for paying workers poorly. Then again, who else is willing to pay that 90-year-old above minimum wage to wave at customers as they walk in the store?
Because Walmart buys in bulk and uses cheap labor, it can keep prices ridiculously low. That provides a major service to poorer people. It increases their standard of living. Their money goes further. They can afford more of what they need.
Then again the products are not the highest quality. If you want something unique or long-lasting, Walmart might not be the place to go.
And Walmart is successful. They don’t force anyone to work there, and they don’t force anyone to shop there.
Yet now they have voluntarily removed certain products because of the dangerous chemicals inside.
Walmart has banned two paint strippers from its stores because they contain chemicals believed to cause cancer.
|