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Sat 14 Dec, 2013 03:44 pm
Walmart, like most private companies, is a financial aristocracy independent of society and the social contract. To be successful it requires the creation of 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 freed from unemployment to create goods that are available to the rich, while themselves receiving a minimal allowance to maintain such production. 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.
These anti-social doctrines are sustained by the worlds biggest charity - ”trickle-down”. Trickle-down goes proxy for social responsibility, and is created by the financial aristocrats. May summer riots come to their neighborhoods.
@JohnJonesCardiff,
Who said that the rich cant kill their slaves directly in the U S of A?