This came to me today in an e-newsletter called Daily Wealth, which I now have serious doubts about.
It looked good in the beginning, but has turned out to be pretty much advertising to buy one of their reports. Lots of 'teasers' and not much substance.
What's your take on this guy's view of WalMart, poor people, and 'intellectuals'?
trof
The War Against Poor People
by Dan Ferris
November 04, 2006
Wal-Mart is quite possibly the most democratic institution in existence.
It doesn’t traffic in airy political votes. At Wal-Mart, customers vote with dollars, born of much blood and sweat. That’s a real democracy. That’s power for the people like it exists in few places on earth.
But let’s face it, most people love humanity only from afar and hate the way it smells up close and personal. That’s why so many people love to hate Wal-Mart. With Wal-Mart comes a kind of economic equality no social planner ever has or will create. Wal-Mart makes the promises of the liberal/conservative political axis ring hollow.
You want a revolution that gives people a more dignified standard of living? You got it.
Intellectuals hate real democracy, the democracy of the marketplace. All you need there is money, and most intellectuals don’t like money, because you have to earn it by being useful to another human being. When votes are dollars, they count as much to the voter as the voted. Because dollar votes cost the voter something, they are placed with care. Dollars are scarcer for Wal-Mart’s core customer than for most people reading an investment letter.
http://www.dailywealth.com/archive/2006/nov/2006_nov_04.asp?printdoc=print