Thursday, February 25, 2010

Wal-Mart Making the Poor Rich

Lew Rockwell has this quote from the Atlantic concerning Wal-Mart:
The most interesting part, however, is the taste test. Kummer bought the same set of ingredients from Walmart and Whole Foods and had an Austin, TX chef prepare the identical meals with each set. He then had a group of 16 foodies compare the dishes. The results? Basically a draw. He also notes, but doesn’t make much of it, that the ingredients at Walmart cost $126.02 but $175.04 at Whole Foods. If there was no major difference, in the aggregate, in the quality and flavor, why pay $50 more?

This is yet another example of Walmart extending the consumption possibilities of the rich to the poor, as has been the ongoing trend since the Industrial Revolution.
Lower prices and the miracle of capitalism.