Wednesday, April 01, 2009
Good discussion about Walmart going on over at Austro-Athenian Empire, one of my favorite places to hang out on the Net. Have a look. We don't know exactly how things would be in a laissez-faire economy, but I tend to think big companies like Walmart have a corporate-state advantage over smaller and yet-to-be-founded companies. I don't care that Walmart might look the same in a free(d) market. What matters is why it is in its current state. If a billionaire made his money through state advantage, no libertarian would say, "It doesn't matter because a guy that smart would be a billionaire in the free market anyway."