Gets? That said Walmart has gotten over a billion in subsidies, over an unknown period of time (I'm assuming several years). Those subsidies listed include government health care programs that clearly are not subsidies, and tax breaks. It does not factor in the things government does to hurt Walmart (protectionist policies). The kicker is that Walmart, according to the first article, had over 9 billion dollars in profits that year alone. A billion dollars in "subsidies" (with a rather loose definition and no stated time frame) that does not factor in the things government does to harm Walmart, has very little to do with their success when they make 9 times that a year in profits.
And I am saying government should not be in the business of protecting Big Business like Wal-Marx--or any Big Business for that matter.
Again, that is voluntary exchange. Those individuals agree to deals with Walmart because they believe they are better off for it.
Yeah tell that to the countless businesses who had to shut down because they could not keep their lights on, pay employees and make a profit when Wal-Marx undercut them to produce the products they offered.
You can take a drive in New England, especially in Maine and check out all the countless empty textiles building that went belly-up because they could not compete with the Chinese made clothing.
What a rediculous statement. $3.00 an hour is a nice job in China. They don't have the capital to work with that we do. So, China is somehow supposed to offer $25.00 dollar an hour jobs with benefits and air conditioning according to you?
To make a statement like, paying Chinese workers $3.00 a
DAY to live in conditions that a kennel here in our country would be shut down for is ridiculous? How very humanitarian you are. I suppose you are in favor of slave labor then.
We don't do the Chinese people any favors by continually supporting their Communist government, by the way.
Source:
http://factsanddetails.com/china.php?itemid=367&catid=9&subcatid=60
The unemployment crisis started in 2007 due to Fed monetary policy, not Walmart.
When industries like the textiles, paper and other manufacturers started shutting down shops and moving overseas, tons of people lost jobs, and that was way before 2007. It has been incremental, but just as it has been incremental, the effects are coming home to roost now as well.
You're saying that because we don't have a free market, the government needs to kill competition to protect politically favored firms. This entire post is scary, and the ideas behind come from unions. You've been posting here for four years now. Do you read any Mises.org articles?
SIGH...no that is not what I am saying, what I am saying is that we do not have a truly free market. What we have is a crony capitalistic market. In a truly free market, a market that is set by the people and not government, competition would be wonderful. As it stands now, we have corporations dictating to government and government comes in and regulates businesses. It's corrupted from stem to stern. Big pHarma is a perfect example of this corruption as well.
So, do you think that a local Ma and Pa shop would turn down a $3 billion dollar contract?
As it stands now, Mo and Pops don't get those luxurious bids--most of them have been driven right out of business.
That's how corporate America works. Corporations are like the mafia and the government is their muscle men.
