Wednesday, September 12, 2007

Global Imbalance

Mark Perry reports on Wal-Mart (link):

Based on August retail sales reported in the WSJ, Wal-Mart ($28.2 billion) is twice as big as the next 13 retailers on the list combined (Target, Costco, J.C. Penny, TJX, Gap, Abercrombie and Fitch, American Eagle, Saks, Aeropostale, Ann Taylor, Chico's, Hot Topic, Zumiez).

I can't put my finger on it at the moment (I've been thumbing through Andrew J. Bacevich's The New American Militarism, but so far without success)--but what's the ratio for the military expenditures of the United States versus the rest of the world? My recollection is that we are as big of some dozen or so of our next competitors, combined. So, only half as big as Wal-Mart.

No comments: