November 19, 2013
The “Walmart Mentality” could otherwise be referred to as “Supercapitalism,” also the name of a book by former Labor Secretary Robert Reich. It’s the idea that unrestrained capitalism leads to corruption, not only of the market economy, but also democracy. The “Walmart Mentality” is that a few people get filthy rich by squeezing the system as much as they can without breaking it. But the problem, as is always the problem with greed, is that there is never enough, so eventually something is going to break. But the few people benefiting from this scenario are usually old, and they have build up such massive wealth, they can insulate themselves from the fallout for the rest of their lives.