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re: Wal-Mart update thread.
Posted on 7/11/14 at 3:13 pm to AUbused
Posted on 7/11/14 at 3:13 pm to AUbused
quote:
vast majority of Walmarts goods being imported from outside the US when those things used to be made IN the US.
Ours is not an economy that relies solely on production. We have advanced past that point. We could return these goods to the US by imposing tariffs and engaging in protectionism, of course that would serve to aid monopolization by certain businesses while driving up prices, so while some people may get manufacturing jobs, others will lose out on work and see their quality of life decrease as a result of increasing costs.
There is, in my opinion, no substitute for a full free and open market.
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Posted on 7/11/14 at 3:24 pm to GoBigOrange86
Yeah, we dont rely on production, but it could be argued that shift has very much come at the expense of the middle class. At any rate, back on Walmart I was just pointing out that in "increased standard of living" has another, not so nice side to it. Dont want to dive off into a long economics discussion.
This post was edited on 7/11/14 at 3:25 pm
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