I’m not a fan of wal*mart's practices, The principal of wal mart itself is down right evil. If you know how wal mart really works you would agree, but this problem goes deeper than wal*mart.
The problem here is outsourcing/globalization, which is really a form of empire that only a selected few enjoy, has systematically destroyed the U.S. America currently does not have a real economy, and has not enjoyed a real economy for decades, despite what wall street will have you believe, and i'll explain.
Free trade is not synonymous with freedom or even the American tradition, but rather a method of destroying the sovereignty of nation states by slowly eliminating their productive capabilities through slave labor and financial oligarchs. That was the intent of free trade system since it was first aped by a British “economist” by the name of Adam Smith and his “invisible hand”.
If you read your history the founding fathers and the American system of political economy as premised in the constitution was against a free trade system because it is the British system of empire, the one the founding fathers were trying to get away from.
Since the implementation of free trade, which is essentially a system of slavery, the U.S. economy has drastically been in a state of decline. Since foreign work is “cheaper” American businesses started “outsourcing” work to countries that had no labor laws or wage laws, it was basically slavery. The problem with a free trade system is that when you outsource for “free” labor, and without protectionism you destroy your domestic work force because “free” foreign labor and “cheaper” products are competing against domestic “fair” labor and domestic product.
The unfortunate end result is a shutting down of local business and local production. Skilled workers lose their skilled jobs and have to seek low wage employment, communities and municipalities collapse as people can no longer afford to live on low wage incomes. It’s foolish to think that free trade is not the problem. Furthermore we all know what kind of countries have no industry, businesses or local production.
There was a certain time in American history when slavery was allowed but thankfully it was defeated by American patriot Abraham Lincoln who payed with his life. He understood as every great leader understood the british system of free trade was one to keep away from because it’s underlining intent was to destroy the American system by eliminating the productive capability of the united states by reducing America into a third world country with a slave labor “economy”.
Unfortunately as a result of “free” trade, America now has what is called a "services" economy, that is they have an "economy" that relies on services ie make shift work, subscription services, wal mart greeters ect. as well as imports as form of GDP because America does NOT PRODUCE ANYTHING!
One could argue well if what you say is true, since there are so many dollars floating around in foreign countries due to the trade deficit how does the dollar keep from becoming worthless?
The united states, since it doesn’t have an economy has to deal with the trade deficit somehow, so the "financial" community creates off the book accounting "debt bubbles" which can never be repaid, but rather rolled back continuously until these debt bubbles can no longer be "rolled back" and they literally burst when the claims start coming in.
We are seeing this now with the "credit crunch" and the "sub-prime" blow out. The sad thing is that the little people as always have to pay these massive amounts of debt because a few rich people in the financial wall street community refuse to eat their gambling losses like everyone else.
I’m no fan of bush, while he did not create this mess he has done nothing to help fix the problem, in fact as a result of his mismanagement of the situation, the value of the dollar has been declining under his presidency at an accelerating rate far worse than any president in history, even worse then under Herbert Hoover.
The problem is the british system of free trade, eliminate this system by returning skilled productive employment to the united states and you’ll see people will have better jobs, they get to keep their houses, less poverty, functioning infrastructure, better municipalities, and competent federal response to natural disaster when needed.
