From today's paper: "Americans may have noticed that their grocery bills have remained fairly stable, but it may surprise supermarket shoppers to learn that they have retail giant Wal-Mart to thank for keeping a lid on prices. At an industry conference in Scottsdale, Arizona, this week, makers of foods from cereal to soup lamented the difficulty of raising prices on such household staples when discounters like Wal-Mart Stores Inc. wield so much power over the grocery market."
I point this out because it's a perfect example of what makes our system of free enterprise so great. Without it, we'd be paying $20 for a loaf of bread. You hear some out there whining, but in the end, consumers benefit greatly from this situation. I think it's important to think about because so many salespeople complain about "unnecessary" competition, such as those who have to compete with dealers selling the same products their company happens to manufacture. Without this competition and open market, we'd live in a world of eternal economic stagnation and ridiculous inflation. Next time you find yourself in one of those situations, remember that we all benefit from it in the end.