Wal-Mart Raises the White Flag

I am not against big business. To me, it makes no sense in a consumer-driven commercial society to punish a business for doing well. I really didn’t like Microsoft being punished for having a monopoly in the PC OS world (even though I’m not a Microsoft fan). It seems to me that our financial system in the US is based on someone or an organization providing a quality service or product and doing that to the best of their ability. That’s the essence of what a commercial-system seems to be to me.

However, you’ve got to love it when the little guy succeeds. When the underdog weathers the storm and comes out alive and kicking. That happened this week in the online DVD rentals world. Wal-Mart called it quits. Wal-Mart! If you’re against the commercial giants of the world, Wal-Mart is the anti-Christ. Netflix not only out-lasted Wal-Mart, they got Wal-Mart to advertise for them on walmart.com. Amazing. I guess Wal-Mart’s philosophy of moving in and offering the same service or product for cheaper doesn’t always work . . . just most of the time.

You can read more about it here.

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