
348. Is the Government More Entrepreneurial Than You Think?
Freakonomics Radio
00:00
The Importance of Value-Based Pricing
I'm just curious, what's the best example of an industry or a realm where value creation is equitable and where the parties share the rewards justly? Can you point to that? So I wouldn't point to an industry. There's obviously cooperatives around the world that are very much run in that way. It's quite interesting to look at the difference between Walmart and Costco. One has always tried to achieve a high profit margin basically through different strategies. If you get a job at Walmart up until recently, at least, you would immediately qualify for welfare benefits because your pay would be low enough to do so. And if you have kids as I do, you'll pay, you know
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