The Wall Street Journal’s op-ed page is probably the only place left in America where Wal-Mart’s predatory pricing model is viewed, without irony, as a good thing. Of course, the Journal doesn’t see it as predatory at all. In the eyes of the newspaper’s piously pro-capitalism editors, Wal-Mart’s everyday low prices are freeing up more disposable income for the working man. And retail space, too, since vendors who can’t cut the mustard in hard times are the first to go when Wal-Mart targets them in its crosshairs. This is creative destruction at its cruel best, and we supposedly should welcome it, since new and better-run businesses are waiting to take the place of those that have failed to meet the needs of » Read the full article