Tuesday, February 22, 2005

Cutting the Fat

While protectionists may scream panic, I find the bankruptcy of Winn-Dixie—a chain of supermarkets—to be yet more evidence of creative destruction. As they blame Wal-Mart, it’s worth pointing out that the most vocal naysayers of any company tend to be their competitors (such as the crusades against Rockefeller, Vanderbilt and Microsoft).

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