Blighted downtown neighborhoods existed before Wal-Mart. Malls killed those shops.
Do you pay more taxes because a Wal-Mart is now in town?
Who fully employs an entire town these days? No one.
Are jobs so sacred that they can't be replaced? A clerk making minimum wage, can't find another job? Perhaps at Wal-Mart? I don't want you to think like me. I just want you to think. | |
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Define "best price always?" What does that even look like? Are you opposed to people shopping online also?
All of you who criticize Wal-Mart, why aren't you equally castigating people who shop online? Borders and Barnes and Nobles have gone under because people buy books online or on readers. I don't hear protests about people shopping online and causing brick and mortar stores to close because no one goes there anymore.
People who buy online are obviously self-centered, greedy people who lack ethic and compassion. I don't want you to think like me. I just want you to think. | |
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Yeah, let's produce less food and do it inefficiently. That will prevent us from maximizing the local human resources to improve our lives. We'll stay just as poor and impoverished as our forefathers.
That's a winning formula . . . . Hard to feel sympathetic. I don't want you to think like me. I just want you to think. | |
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Wal-Mart is not a monopoly and carries thousands of products. I don't want you to think like me. I just want you to think. | |
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http://www.harpers.org/ar...07/0081115
Some paragraphs from a very eye-opening article from Harper's.....
Breaking the chain: The antitrust case against Wal-Mart
Popular notions of oligopoly and monopoly tend to focus on the danger that firms, having gained control over a marketplace, will then be able to dictate an unfairly high price, extracting a sort of tax from society as a whole. But what should concern us today even more is a mirror image of monopoly called “monopsony.” Monopsony arises when a firm captures the ability to dictate price to its suppliers, because the suppliers have no real choice other than to deal with that buyer. Not all oligopolists rely on the exercise of monopsony, but a large and growing contingent of today's largest firms are built to do just that. The ultimate danger of monopsony is that it deprives the firms that actually manufacture products from obtaining an adequate return on their investment.
In other words, the ultimate danger of monopsony is that, over time, it tends to destroy the machines and skills on which we all rely. Examples of monopsony can be difficult to pin down, but we are in luck in that today we have one of the best illustrations of monopsony pricing power in economic history: Wal-Mart. There is little need to recount at any length the retailer's power over America's marketplace. For our purposes, a few facts will suffice—that one in every five retail sales in America is recorded at Wal-Mart's cash registers; that the firm's revenue nearly equals that of the next six retailers combined; that for many goods, Wal-Mart accounts for upward of 30 percent of U.S. sales, and plans to more than double its sales within the next five years.
The effects of monopsony also can be difficult to pin down. But again we have easy illustrations ready to hand, in the surprising recent tribulations of two iconic American firms—Coca-Cola and Kraft. Coca-Cola is the quintessential seller of a product based on a “secret formula.” Recently, though, Wal-Mart decided that it did not approve of the artificial sweetener Coca-Cola planned to use in a new line of diet colas. In a response that would have been unthinkable just a few years ago, Coca-Cola yielded to the will of an outside firm and designed a second product to meet Wal-Mart's decree. Kraft, meanwhile, is a producer that only four years ago was celebrated by Forbes for “leading the charge” in a “brutal industry.”
Yet since 2004, Kraft has announced plans to shut thirty-nine plants, to let go 13,500 workers, and to eliminate a quarter of its products. Most reports blame soaring prices of energy and raw materials, but in a truly free market Kraft could have pushed at least some of these higher costs on to the consumer. This, however, is no longer possible. Even as costs rise, Wal-Mart and other discounters continue to demand that Kraft lower its prices further. Kraft has found itself with no other choice than to swallow the costs, and hence to tear itself to pieces. The idea that Wal-Mart's power actually subverts the functioning of the free market will seem shocking to some. After all, the firm rose to dominance in the same way that many thousands of other companies before it did—through smart innovation, a unique culture, and a focus on serving the customer.
Even a decade ago, Americans could fairly conclude that, in most respects, Wal-Mart's rise had been good for the nation. But the issue before us is not how Wal-Mart grew to scale but how Wal-Mart uses its power today and will use it tomorrow. The problem is that Wal-Mart, like other monopsonists, does not participate in the market so much as use its power to micromanage the market, carefully coordinating the actions of thousands of firms from a position above the market.
Another basic premise of the free-market system is that the price of a commodity or good carries vital information from actor to actor within an economy—say, that cherries are scarce, or vinyl floor tiles abundant, or the latest iPod includes a new technology. Again, no one can deny that, technically, every firm that supplies Wal-Mart is free to ask whatever price it wants. But again, we must ask whether this holds true in the real world. Every producer knows that Wal-Mart is, as one of its executives told the New York Times, a “no-nonsense negotiator,” which means the firm sets take-it-or-leave-it prices, which as we know from the previous paragraph are far harder to leave than to take. Every so often Wal-Mart will accept a higher price, but then the retailer's managers may opt to punish the offending supplier, perhaps by ratcheting up competition with its own in-house brands.
Price, within the consumer economy, increasingly carries but one bit of information—that Wal-Mart is powerful enough to bend everyone else to its will. Those who would use the word “free” to describe the market over which Wal-Mart presides should first consult with Coca-Cola's product- design department; or with Kraft managers, or Kraft shareholders, or the Kraft employees who lost their jobs. These results were decided not within the scrum of the marketplace but by a single firm.
Free-market utopians have long decried government industrial policy because it puts into the hands of bureaucrats and politicians the power to determine which firms “win” and which “lose.” Wal-Mart picks winners and losers every day, and the losers have no recourse to any court or any political representative anywhere.
More in the article... If a single business deal illuminates the degree to which Wal-Mart has centralized control over America's consumer economy, it was last year's takeover of Gillette by Procter & Gamble. Gillette would seem one of the last firms likely to find itself unable to protect its pricing power; its 70 percent share of global razor sales gives it some weight at the negotiating table. Yet the Boston-based firm discovered that it could no longer keep its profit margins safely out of the grasp of the Arkansas retailer.
And so was conceived the largest in a long list of buyouts due at least in part to Wal-Mart's power, including Newell's takeover of Rubbermaid, Kellogg's purchase of Keebler, and Kraft's buyout of Nabisco. And of course there is the long list of firms that have ended up dead or in Chapter 11 reorganization at least partly because of their dealings with Wal-Mart. Some are small fry, like Vlasic Foods. Others were once powers, like Pillowtex. Some were beloved brands, like Schwinn. Others were family enterprises, like Lovable Garments.............
To defend Wal-Mart for its low prices is to claim that the most perfect form of economic organization more closely resembles the Soviet Union in 1950 than twentieth-century America. It is to celebrate rationalization to the point of complete irrationality.
"Let love be your perfect weapon..." ~~Andy Biersack | |
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I don't want you to think like me. I just want you to think. | |
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There are many more 'hit pieces' where this came from. An I'm no expert, but my guess is that those who settled for smaller sales are the ones that went bankrupt.
[Edited 9/22/12 22:44pm] "Let love be your perfect weapon..." ~~Andy Biersack | |
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Meaning that after you got rid of the competition you can raise the prices up (This happens in smaller towns.) So, the promise of low prices is not always the truth in the marketing ploy. So, locally they can be a monopoly-if there is no other option. (Besides the web.)
So, what's your take on Walmart's programs instructing employees how to get state aid and the fact that we as tax payers pay for their employees families? (It's an obvious business strategy that enables Walmart to under cut employees wages and benefits to undermine their competition who don't do that, especially in small towns.) Again, this is a big part of ethics. 99.9% of everything I say is strictly for my own entertainment | |
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What makes Wal-Mart's instructions unethical? You imply they have an obligation to provide all their workers with a defined standard of living that excludes government aid. Why? I don't see an ethics question, merely an economic one. There is nothing unethical about Wal-Mart providing counseling for employees to obtain benefits they qualify for. If you feel ALL employers are ethically obligated to provide a standard of living simply because they employ people, why do you feel it is a question of ethics? I don't want you to think like me. I just want you to think. | |
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The why is clear: It's unethical because they have more money than they could burn (see forbes list) and they are purposeful shifting a large part of employee compensation directly to the tax payers. Doesn't that perturb you in the least? The state aid system was set up to help individuals in need-not for companies to use as a tax break slash money making scheme. It's abuse of the government, the tax payers and highly unethical.
99.9% of everything I say is strictly for my own entertainment | |
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It is not unethical. What makes it unethical? If the state provided nothing, they would likely have to offer higher wages. But they are playing by the rules that exist. That is not unethical. The state aid system is being used to help individuals. That those individuals are employed and able to receive aid is the state aid system's problem, not Wal-Marts.
Would you also say it is unethical for parents to assist their working offspring with buying a house? It is not an abuse of the government. The government gets to set the rules. If the government has a problem with Wal-Mart's conduct, they can change the rules any time. Hasn't happened.
GM and Chrysler received full scale bailouts to keep them in business and employing workers. You should also see that as unethical too for the same reasons. I don't want you to think like me. I just want you to think. | |
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"Let love be your perfect weapon..." ~~Andy Biersack | |
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moderator |
Hear, hear!! A working class Hero is something to be ~ Lennon |
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Nice sentiment, but show that to be the case. I don't want you to think like me. I just want you to think. | |
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Seriously?
http://campusprogress.org...ou-to-know
Some of these practices have been stopped not because of Walmart's 'social' conscience but from all the lawsuits. Being knowledgeable about the level of social responsibility of the companies that you apply to, work for, and patronize is the first step to supporting a more socially responsible world... [Edited 10/6/12 12:29pm] "Let love be your perfect weapon..." ~~Andy Biersack | ||
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[Edited 10/6/12 14:36pm] I don't want you to think like me. I just want you to think. | ||
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wow... Speak for yourself. I don't believe that you don't understand that but for the humans who DO care what happens to other humans, Walmart's (and other corporations) dehumanizing and illegal policies would still be in place (and some of them still are). I for one am not only concerned about Americans but of those in other countries because I live in this world. But that's just me...
So sorry the articles are too old for you...there are many more from THIS year.
http://www.huffingtonpost...86384.html
http://www.cnn.com/2012/0...index.html
http://www.washingtonpost...story.html
"Let love be your perfect weapon..." ~~Andy Biersack | |
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I don't want you to think like me. I just want you to think. | |
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Words of wisdom...
"Let love be your perfect weapon..." ~~Andy Biersack | |
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Tell me you don't believe that people exploiting people for personal profit at the expense of the lives of others began with corporations?!!!!
If she is Indian, she needs to work at home before casting eyes at U.S. issues.
Oh but I guess it's just AMERICAN corporations that are evil . . . I'm sure Chinese multinationals aren't out for profit . . . . I don't want you to think like me. I just want you to think. | |
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Your comments are completely ridiculous...Sometimes I get confused and can't remember if I'm speaking to onlyNdausa or you.
I think Mr. Rogers sums up how I feel...I'm done now.
"Let love be your perfect weapon..." ~~Andy Biersack | |
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I agree with Mr. Rogers. Please explain how my comments are 'completely ridiculous.'
Human exploitation of human beings has occurred throughout our history. It's how we treat each other. It's nice to imagine otherwise, but unless you admit it is a human issue blaming corporations is merely a diversion from looking in the mirror at the problem. I don't want you to think like me. I just want you to think. | |
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Wlamart appears to be controlled by a bunch of greedy fucks. That's my contention.
The sooner they fail, the better for humanity! Music, sweet music, I wish I could caress and...kiss, kiss... | |
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your posts make good sense to people who do not deliberately and constantly react 'contrarily' to each and every idea they come across on the internet. | |
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It's a conspiracy!
(Because if it's posted in Prince.Org it's gonna be the gospel truth. No need to fact check. Just believe. No matter how unreasonable or unscientific or illogical. Simply believe. It is posted in the org.) [Edited 10/9/12 0:48am] I don't want you to think like me. I just want you to think. | |
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