WalMart is a symptom, not the disease.
I also do not get some American's obsession with that company.
Bigger and bigger retailing outlets has been the wave of the future for a century.
Walmart is merely the last incarnation of that development.
It is the Sears Robuck of this this generation.
And Sears had a catalog they used to send to you thru the mail. At least with that, if you ran out of asswipe, you could resort to the Sears catalog
You can still shop on sears.com, of course...
Yes.
but I remember when Sears was the largest reetailer in the world.
It was larger than its three largest competitors combined.
But a new business model (discount superstores) took over the retail business model and Sears was left with a lot of real estate and a more expensive workforce.
I do not doubt that WalMart accelerates the flow of cash from the USA to third world nations, but I do NOT blame WALMART for that.
I blame the government which allowed that to happen.
And FWIW, if you go to your local stores, they are selling the SAME STUFF made in lands other than the USA.
Once we opened the FREE TRADE FLOODGATE, every business ended up having no choice but to sell what was available, and American manufacuturers really pretty much had NO CHOICE but to migrate offshore.
If they failed to take advantage of the cheaper labor cost offshore, their competitors ate them alive.
Our "Leaders" created this economic mess one stupid free trade policy after the other, folks.
Right now I believe Obama is going to sign three more "FREE TRADE" agreements... with South Korea, Brazil and ... (hmmmm, not sure I remember) Portugal?
Will these really be a good thing for americans?
Not really sure...the devil is in the details and the details are often based on rather dubious economic projections that make them seem like a good idea, only those projections are largely nonsense.
The U.S. has held a
trade deficit starting late in the 1960s. Its trade deficit has been increasing at a large rate since 1997
[40] (See chart) and increased by 49.8 billion dollars
between 2005 and 2006, setting a record high of 817.3 billion dollars, up from 767.5 billion dollars the previous year.
[41]
The graph indicates that, as
Frédéric Bastiat predicted, the deficit slackened during recessions and grew during periods of expansion. Also of note, many economists calculate trade deficits and/or current account deficits as a percentage of GDP.
The US last had a trade surplus in 1975.[42] Every year there has been a major reduction in economic growth, it is followed by a reduction in the US trade deficit.
[37]
source
Of course, it's not just the deficeit that is pernicious. It's the JOB LOSSES that are most detrimental to this society.
Job losses don't
just mean that other people are poorer, job losses means that
the entire society is poorer.
INCLUDING the society's governments which have taken on debts based on the prospects of the previous, happier, more productive, wealthier society it once was.
Most Ameircan would be happy to work for third world wages
if we also had third worlder debt obligations.
But we don't.
We are dealing with first world debt obligations, and paying first world prices, even as our incomes are dwindling down to the third world's pay scales.
Unless, of course, we are working for Insiders who CAN take advantage of the new international economy.
Much of the American popilation is not so slowly becoming much like the serfs of pre-revolutionay Russia.
Capital is freed of national borders and national obligations, but the working class is not and their fate is lied to the land in which the were born.