If Smart Money Buys Brand X …
If smart money buys Brand X, there are two potential conclusions:
- If this is a challenge to capitalist economics, we must save people from themselves by forbidding them from shopping at Whole Foods.
- Only people shopping at Walmart should be allowed to vote.
This story goes against all of the Friedmanite and Austrian economic ideology which presumes that consumers will always make the most informed choices and markets operate with perfect information.No. We merely assume that consumers are better informed than politicians.
Another absurd comment:
So "national branding", it turns out, is, more or less, another scam essentially, to fleece those who are least able to discern value. The only (cheap) solace here is that many of them must be Tea Partiers, but alas, more of them struggling working poor.According to stereotype, Tea Partiers are more likely to shop at Walmart whereas liberals are more likely to shop at Whole Foods. As I have said before, it's the left-wing businesses that are spherical trusts.