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Tue 10 Dec, 2013 02:42 pm
Walmart, like most private companies, is a financial aristocracy that needs a large unemployed population to keep wages low. Once wages are low, they remain low. Workers cannot afford to buy the goods they create, the goods become unavailable, there is an increase in unemployment, and capitalist bargaining lowers wages further. Workers are then freed to create goods that are available to the rich. This is the ideal. The economic difference between this and slavery is that slaves can be killed directly by their employer/overseer.
The Walmart economic model – Luxury-Poverty-Charity, is one emblazoned in popular American economic mission statements as the socially parasitic doctrines of free enterprise and the American Dream. Also known as every-man-for-himself, it is sustained by the worlds biggest charity - ”trickle-down” which goes proxy for social responsibility. May summer riots come to their neighborhoods.