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View Diary: Krugman: Grand Old Planet (117 comments)

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  •  Not really, but it makes me laugh when I come (2+ / 0-)
    Recommended by:
    DvCM, Louise

    across people arguing against their own interests.

    I mean, there is a large number of people out there today arguing that Wal Mart workers are greedy, they know what they are signing on for when they agree to work there and everyone should be copying Wal Mart's business model. It never occurs to these people that Wal Mart does not need to make billions of dollars when millions will be just fine.

    Since when is the party that embraces all the top tenets of Satan allowed to call the God shots?--wyvern

    by voracious on Fri Nov 23, 2012 at 10:50:58 AM PST

    [ Parent ]

    •  Actually, walmarts margins are tiny. (0+ / 0-)

      They are in a tough business. Last year they made 15 billion, but in order to do so they had to sell 450 billion dollars worth of stuff. So they made about $3 for every $100 of revenue. I think you'd have a tough time arguing that such a margin is excessive.

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