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. said:Walmart is the epitome of govt. welfare nog as a corporation.
They hire highly educated people at the corporate level to find ways to put their employees on social programs by paying them just under what makes them qualify for food stamps, housing, and general EBT cards. The taxpayer subsidizes their entire company. If that was taken away they would collapse overnight because the workers would all have to find a job somewhere else to make ends meet. Their stock would crash and the investors would get a few cents on the dollar after the ching chong creditors got first go at what is left.
one_who_knows1 said:You fucks are too young to remember that there were WalMart style companies in the past, all of which went out of business. Gemco. FedCo. etc.
WalMart is riding high because of "free market" trade and the tax revolt in the US, allowing it to make deals with local government to save on taxes (deals which smaller retailers are unable to make).
If WalMart becomes successful to the extreme, running almost all competition out, it will raise prices very high. Can't happen? Look at the commercial airlines in the USA. Southwest comes into a market, undercuts the competition. After competition abandons the route, it raises fares to WAY above pre-competition levels.
That's runaway capitalism.