village idiot wrote:I really think its just another thing socialist push in the world of class warfare. If it wasn't Walmart then it'd be someone else.
Walmart=Power to change American society socially and economically. Walmart affects all Americans lives.
Walmarts global buying stragegy made it possible to avoid a US recession in the last couple of years (by keeping commodity prices 'artificially" low while raw material prices rose). Remember, energy and housing are thrown out of the inflation-equation, so "consumer spending" is the main component in tracking inflation. Walmart alone kept cost of living increases within economists preferred baseline inflation numbers. But the Asian-import model is breaking down... the rising dollar coupled with drastically increased costs to ship this stuff half way around the world is making the margins on these goods evaporate. Rapid inflation is now all but inevitable. While a painful recession is all but assured, the increase in import commodity prices could actually help American manufacturing return to some competitive balance.
Price moves goods in America and home-based companies simply could not compete with Asian manufacturing. The American consumer willingly gave up quality while costing solid, life-wage jobs at home. On the manufacturing end, Unions were torn apart at their foundations (and continue to be today) as a direct result of Walmarts practices. Retailers all over America closed up shop and mainstreet put out a "for rent" sign.
Walmart's predominantly rural and suburban focus in the US (whether intentional or not) was both racist and anti-urban. First, Walmart destroyed Kmart, which did have urban presence. Only after receiving negative press about discrimenatory employment practices did Walmart attempt to move into urban settings (in just a few markets). The very unions that Walmart helped bust or cripple actually stopped many of Walmart's feeble urban "expansion" projects--while ironically ensuring a continued erosion in both income and purchasing power for poor urban residents. Basically, white middle class America retained spending power while inner-city, predominantly African-American consumers were beaten with non-reported inflationary commodity pricing (not reported because consumers bought their items outside of the tracked, high-volume, scanned-item retailers that feed the Consumer Price Index). No doubt this scenario helped hasten the decline of many depressed urban residential areas in the US. Especially those with little mainsteam consumer commodity availability (think near North Side), right Paul McKee?
So, after costing our country high paying jobs, setting us up for an unavoidable recession, taking away our retail entreprenurial spirt and helping tear apart the fabric of our historic built communities, I think I will spend my money elsewhere....