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Then, pray tell, how can you be against Wal-Mart?
As I've noted, Wal-Mart has adverse effects on local economies, including negative effects on employment, wages, and general economic conditions. But what you likely intend to ask is how I can be opposed to unchecked large-scale corporate power. The reason for that is that corporations often retain a form of hierarchical power over local labor markets as authoritarian as that of the state.
Also, they don't ruin the areas, they move into areas that are already gone, otherwise they wouldn't be able to get employees.
We estimate the effects of Wal-Mart stores on county-level retail employment and earnings, accounting for endogeneity of the location and timing of Wal-Mart openings that most likely biases the evidence against finding adverse effects of Wal-Mart stores. We address the endogeneity problem using a natural instrumental variables approach that arises from the geographic and time pattern of the opening of Wal-Mart stores, which slowly spread out from the first stores in Arkansas. The employment results indicate that a Wal-Mart store opening reduces county-level retail employment by about 150 workers, implying that each Wal-Mart worker replaces approximately 1.4 retail workers. This represents a 2.7 percent reduction in average retail employment. The payroll results indicate that Wal-Mart store openings lead to declines in county-level retail earnings of about $1.4 million, or 1.5 percent.
After controlling for other factors determining changes in the poverty rate over time, we find that counties with more initial (1987) Wal-Mart stores and counties with more additions of stores between 1987 and 1998 experienced greater increases (or smaller decreases) in family-poverty rates during the 1990s economic boom period.
Um ... no, actually Wal-Mart offers a product at a price people like
they buy the products and thus the company thrives,
that is capitalism.
The fact that there is no competition is because of over regulation not allowing other companies to come in with the same products at competitive prices.
There's where capitalism is being pushed aside and regulation is taking over.
You are blaming the effect, not the cause. If you hate Wal-Mart then you are for more regulation, since Wal-Mart only exists because they found a way to work outside the regulations legally, and they thrive for it. If they deregulated at least half of what the government sticks it's nose into, more businesses would appear to compete.
Actually, they target businesses likely to bring in more profit( more affluent areas thast they can)- like all businessesAlso, they don't ruin the areas, they move into areas that are already gone, otherwise they wouldn't be able to get employees.
I find it somewhat amusing that people still believe that capitalism is a thing onto itself and not also a stepchild of the state.
Look at the word, folks CAPITALism.
There is no CAPITAL without a state to define it as such.
States which can lightly harness the creative power of CAPITALism can be highly productive, of course.
But states which allow CAPITALism to dominate that state very quickly become something less CAPITALISTIC than that laisse faire system some of you imagine once existed.
In those cases (as we find ourselves in now, for example) those who control the CAPITAL control the economy and they seldom do that fairly enough for the rest of society to really get the benefits of a capitalist system.
The problem isn't the system of CAPITALism v GOVERNMENT, because those two things are not necesssarily in opposition to each other. In fact they need each other to thrive.
No the problem is that PEOPLE with power tend to use that power to their advantage which typically disadvantages those without that power.
The problem with our system today is the problem that faces every civilization regardless of what economic system or system of governance.
The problem is that people are bad monkeys, folks.
The Judeao-Christians have a really pithy phrase to describe it, actually.
They call this problem ORIGINAL SIN.
I find it somewhat amusing that people still believe that capitalism is a thing onto itself and not also a stepchild of the state.
Look at the word, folks CAPITALism.
There is no CAPITAL without a state to define it as such.
States which can lightly harness the creative power of CAPITALism can be highly productive, of course.
But states which allow CAPITALism to dominate that state very quickly become something less CAPITALISTIC than that laisse faire system some of you imagine once existed.
In those cases (as we find ourselves in now, for example) those who control the CAPITAL control the economy and they seldom do that fairly enough for the rest of society to really get the benefits of a capitalist system.
The problem isn't the system of CAPITALism v GOVERNMENT, because those two things are not necesssarily in opposition to each other. In fact they need each other to thrive.
No the problem is that PEOPLE with power tend to use that power to their advantage which typically disadvantages those without that power.
The problem with our system today is the problem that faces every civilization regardless of what economic system or system of governance.
The problem is that people are bad monkeys, folks.
The Judeao-Christians have a really pithy phrase to describe it, actually.
They call this problem ORIGINAL SIN.
Some monkeys win and some monkeys lose-------does winning automatically make you a bad monkey ?
Absolute 100% bullshit.By outsourcing to foreign nations, hurting the local economies of the customers. Also, not so long ago, there was a class-action lawsuit for sexual harassment- something they could get away with because of their power. Also, walmart and similar companies make it near-impossible for small 'ma and pop' shops to survive, making entrepreneurship near-impossible and thereby restircting capitalism and choice. These poeple then must workk for one of these super-guiants to earn a living, at which point they become subject the the will of that company. The end reult is- well, the aAmerican economy as it is today...
Absolute 100% bullshit.
More pure populist bullshit, that presumes people are just common clay for corporations or petty bureaucrats to mold, flake, and form.
More pure populist bullshit, that presumes people are just common clay for corporations or petty bureaucrats to mold, flake, and form.
I'd say the most important distinction here is that my assessment is based on empirical research that I've posted, while yours is based on dimwitted muttering that flies in the face of said research, because it conflicts with preconceived ideological dogma that you hold dear.
Wow....More Freudian projection.More pure populist bullshit, that presumes people are just common clay for corporations or petty bureaucrats to mold, flake, and form.
I'd say the most important distinction here is that my assessment is based on empirical research that I've posted, while yours is based on dimwitted muttering that flies in the face of said research, because it conflicts with preconceived ideological dogma that you hold dear.