My policies

  • Although this blog does not accept comments, I welcome thoughtful non-anonymous emails to lribstei at gmail.com and may discuss them in blog posts. Let me know if I may use your name. Although I'm a law professor, I don't give legal advice.

Me

My audience

Blog powered by TypePad

« Eisenberg & Miller on choice of law and forum | Main | Gretchen Morgenson: right and wrong mutual fund voting and "disdain" for shareholders »

Andy Young on capitalism

This story suggests that Andy Young wasn't doing much good on his job as head of Working Families for Wal-Mart -- a group that wants to raise Wal-Mart's public image:

Young was asked whether he was concerned Wal-Mart causes smaller, mom-and-pop stores to close. "Well, I think they should; they ran the `mom and pop' stores out of my neighborhood . . . But you see, those are the people who have been overcharging us, selling us stale bread and bad meat and wilted vegetables. And they sold out and moved to Florida. I think they've ripped off our communities enough. First it was Jews, then it was Koreans and now it's Arabs; very few black people own these stores."

I don't believe civil rights hero Young is a bigot. But unfortunately the bigoted nature of his remarks will draw attention from the real prejudice here -- against capitalism. It's really all about people who want to make a profit, and those who insist that this is a zero sum game that has to be ripping off the customers.

The result of this attitude is anti-Wal-Mart laws like the one coming up in Chicago that hurt the very people Young fought to defend. Even when hired to defend Wal-Mart, Young couldn't resist bashing it, and others who tried to make a buck.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c88c69e200e55040d1028833

Listed below are links to weblogs that reference Andy Young on capitalism:

» Opening Bell: 8.21.06 from DealBreaker.com
Quattrone Reportedly Cuts Deal (TheStreet.com) Rumors emerged this weekend that former investment banker Frank Quattrone had cut a deal with prosecutors to avoid a third trial and, potentially, open the window for his return to finance. The resurgence... [Read More]

» Opening Bell: 8.21.06 from DealBreaker.com
Quattrone Reportedly Cuts Deal (TheStreet.com) Rumors emerged this weekend that former investment banker Frank Quattrone had cut a deal with prosecutors to avoid a third trial and, potentially, open the window for his return to finance. The resurgence ... [Read More]

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.