Marc Levinson’s book “The Great A&P and the Struggle for Small Business in America” has it all. Rugged capitalism and crony capitalism. Big time rent seekers using political power to kill competition, the defense of the “little guy” against the feared chain stores, the destruction of the free market by the New Deal, the precursor to Walmart (Sam Walton did not invent the business model), and very nasty politics. A history of this iconic brand is a history of American business from the middle of the nineteenth century through the middle of the twentieth century. In this episode, Marc joined Bob this Sunday at noon (Pacific) to put the attack on free enterprise in a fascinating historical perspective. The mistakes of history keep on repeating themselves and resilient businesses overcome these obstacles. This topic, this book, is simply great stuff. You’ll love it.
From 1:00 – 1:30, Bob was joined by syndicated major market talk show host Karel. You’ll enjoy their interaction as they discuss the effects of a minimum wage increase on that precise segment of the workforce the increase is supposed to help. Expect nothing less than equally compelling economic arguments from each, with generous amounts of humor, good will and respect.