S. Robson Walton Quotes
I've seen articles suggesting that Wal-Mart buys at prices lower than our competitors', and that this gives Wal-Mart an unfair advantage. I don't believe it... What we hear is concern that in some circumstances, Wal-Mart may actually be paying more than our competitors.
Walton, S. Robson. Address to Shareholders. Wal-Mart Stores, Inc. Annual Shareholders' Meeting, 4 June 2004.
Most businesses attempt to gain monopolistic positions and avoid price and other competition as much as possible. See {633636} .
This volume roughly is to Islam what the Gospels are to Christianity. To most Muslims The Sunnah is a collection of holy material on the life of Mohammed. It is not of the force or importance as the Koran, but it is revered.
While this statement seems totally absurd to us today, at the time most politicians and judges believed it. Only the left wingers and the populists opposed the doctrine as well as most business owners who knew the truth but of course most preferred the have their own monopoly. One of the reasons the large American corporations did not want Jewish and Chinese immigrants is that those cultures supported highly competitive businesses and might give consumers a better deal or worse, their culture would argue for less monopoly and more competition. For more than half a century AT&T was given a monopoly over almost all telephone service in the United States. Finally the Federal Courts saw through the company propaganda, and ordered AT&T broken up. The “Baby Bells” have persuaded most state legislatures and regulatory bodies of this same argument, and almost every community of the United States has a monopoly on local wired local telephone service. The same is true about water and electricity and a great deal of American transportation. Every major company strives for as much of a monopolistic position the government will allow; some are overt like the electrical companies. Others are more subtle and use copyright and patents to be sure that there is no price or service competition. Fortunately, the high tech industry is to technologically competitive that prices have been have been going down constantly not like telephone and Internet connectivity, entertainment, education, and professional services.
[These new "extra fees" for baggage, schedule changes, getting a good seat, etc are a new in the industry where most of the few airlines would rather match the fares and fees of the rest, rather than compete and get a larger market share. Interestingly, the best run and most profitable airline, Southwest, does not charge most of these new fees. Also, the airlines business has over the years not been very profitable. The nature of the industry makes it difficult for most airlines to make steady profits year after year, so many tend to be hogs and take advantage of consumers whenever they had the opportunity.]
Samuel Robson "Rob" Walton is an heir to the fortune of Walmart, the world's largest retailer. He is the eldest son of Helen Walton and Sam Walton. He was chairman of Walmart from 1992 to 2015. As of April 2021, Walton had a net worth of $62.7 billion, making him the 17th richest person in the world.
