Thursday, July 18, 2013

The Death Of Sears

Ayn Rand killed Sears - Salon.com:
...Conclusion: The lessons of Crazy Eddie seem so obvious that a bunch kids running a lemonade stand could understand them. You have to know something about the business you’re running, especially a big one. Success requires cooperation rather than constant competition. Greed is ultimately destructive.

The invisible hand of the market appears to have attempted to slap Lampert upside the head to teach him these things. But he remains committed to his nonsense, and the real losers are all the hard-working people who have lost their jobs, and the potential loss to the American economy of two revered brands.

It’s probably a good thing Ayn Rand never tried to run a business.

2 comments:

billy pilgrim said...

i still shop at sears when ever i can but the hardware dept is getting smaller and smaller.

Bob Harrison said...

I was once a huge sears customer, especially for tools but they started stealing other people's designs I quit doing business even with craftsman.