Walmart Good for America? (1/6)

[posimosh]

"Lowest prices HAVE TO lead to lower wadges...and job loss." That says it all really, and I have seen it first hand, like many others. They steamroll the local competition at a deficit, then raise prices once the competition is gone while they exploit and underpay their workers and the Walton family count their money and pay off congress...

[BorgKing001]

I'm a vender and one of my stops is Walmart, Their employees, the entry-level ones anyway, are lazy and know little about the store. They don't deserve more money.

[gviper7]

Ah, corporate brainwashing at its best!

[ldchappell1]

That Walmart share holders meeting was like something from the Twilight Zone.

They way they were all cheering with false enthusiasm. When you work for Walmart they don't just want your time...they want your SOUL!!

[BorgKing001]

If everything was made in America by union workers then everything would be 10x more expensive and everyone would be bitching about that. Americans will bitch no matter what.

[dave19941000]

@BorgKing001 10 times more is a gross exageration, the cost would be no more then 50% increase (remember to take transportation into acount). Because of high oil prices there are already products that are cheaper to make in the US, and the increased buying power of the dollar with the status-quo is unsustainable, so in the long run protectionism is the best caurse of action.

[RelaxEditz]

Isn't wal-mart owned by China? And all of our money goes straight to them and doesn't circulate back to us? I heard that from /KEEM5TAR, i don't know if it's true but i think it is..

[0HippyHunter0]

Why do I suspect there will never be a documentary called "Is Apple Good for America?"

[CCRider100]

"Henry Ford was asked why he paid his workers so well....He said so they could afford to buy his cars."

Ding ding we have a winner. What made America great, with the largest most affluent middle class in the world, was its entrepreneurship combined the ability of its workers to purchase the very products they were making. The US has gone from a nation of producers to a nation primarily of consumers. Combine a horrendous trade deficit and national debt, and you have a complete mess.

[swu880]

@CCRider100

there aint no such thing as a "trade defecit". No serious economist would ever talk of 'trade defecits' - more accurately- the 'current account defecit' since there is absolutely no sense of worrying about it. What is a so called current account defecit? I am sure u have a so called 'trade defecit' with ur grocer or barber since u are buying their goods & services while not "directly" serving them in exchange. hahhaah Please go take some economics

[ruthadactyl]

@swu880

You're either a troll or an idiot.

In case you're the latter, allow me to explain:

America buys things from other countries (importing), and other countries buy things from us (we're exporting).

In a trade deficit, we're importing more than we're exporting, and this creates an imbalance.

Now, a small deficit isn't anything to piss the bed over, but the U.S. has a trade deficit over $50 billion dollars. Most of which we owe to China, who doesn't like us very much.

[swu880]

@ruthadactyl

hahahaha u really dont even really understand trade or economics.

You probably got a "trade defecit" with your doctor or your grocer. u aint sellin them goods though u are "importing" from them. right? hahahah

Please watch Don Boudreaux's explanation about international trade. And take an actual class on economics

[CCRider100]

@swu880 - I am sure u have a so called 'trade defecit' with ur grocer or barber since u are buying their goods & services while not "directly" serving them in exchange.hahhaah Please go take some economics"

You are describing a barter system between individuals and businesses, which has nothing to do with balance of trade between countries. Don't worry kid, once you move out of mommy's basement, it mght make more sense.

[VictoryCough]

Wal-Mart is good in that it fights inflation. I go there often, sometimes I go to a small local grocer for beer or small items. I simply couldn't afford a months worth of groceries at a boutique store.

However the trade deficit is worrisome, I can't blame that on Wal-Mart. That is the fault of central banking and being able to devalue currencies to increase exports.

[CCRider100]

Cont

You can lower the debt by cutting expences with cutbacks in government spending, and/or increasing government revenues with more tax dollars. Obviously, most American workers are close to being taxed out, meaning the extra revenue should come from creating not just more jobs, but more better paying jobs, which helps not only the government but the economy and society. How you create large numbers of better paying jobs is the 15 Trillian dollar question.

[USfutbol]

@VictoryCough What's the problem with the trade deficit?

[VictoryCough]

@USfutbol We've traded all of production for cheap money from China.

I guess a trade deficit could be neutral if we had a growing economy and exports far exceeded imports.

There is too many service sector jobs and too few production jobs. The talking heads are saying production is greater than ever before, yet we don't produce anything we consume on a daily basis. We have the largest economy in the world and we don't have the production capacity to produce iPhones.

[USfutbol]

@VictoryCough Why does it matter if we don't physical produce iphones. We have the largest gdp in the world. I know we have enough resources to produce iphones on our own if we ad an incentive to do so. So why is it bad that we decide to save money by making our iphones overseas.

[eddiegill]

Henry Ford was asked why he paid his workers so well....He said so they could afford to buy his cars.

[Darkside007]

@eddiegill Actually, he said "So they would stop leaving once they were trained. Make no mistake - I'm not trying to be nice. These assholes KEEP FUCKING LEAVING and taking MY training to other plants. So I'm paying enough so that they stay."

[lamourlupus]

@eddiegill - he was a union buster and hate certain religions.

[KripDrip]

are the workers that build Maybachs and Lamborgines getting paid enough to afford those cars?

[packerfan748]

walmart helping poor people get more for their money! ooooooooooooooooooh, we can't have that!!!!! greedy walmart!!!!

[armany02]

Was that Halle Berry and Susan Lucci? lol...shame! they have no idea. then again, they endorse products that they don't use themselves, b/c it's all about making more money. Such bad business ethics...shame!

[felipipi]

I think Walmart is the perfect example of what America is doing to the rest of the world... Monopolizing

[tutoriales3minutos]

Too late people, even if Walmart is taken to other countries, America never gonna compete with their prices, America can never compite with China prices. Or do you gonna work for 2 dollars per hour? I guess no

[Camel76]

No. Smaller companies are better for America.

Monopolies are illegal, or are supposed to be.

We need to bring back main street America.

[TheEhodge]

@littlebitsouthern:

The idea is good in theory, but that's called collusion and that is illegal in the US.

[TheEhodge]

@littlebitsouthern That idea sounds good in theory but that is called collusion which is illegal in the US.

[syrinxthrawn]

I own this video. It's a real eye-opener! Most Americans have absolutely no clue the damage Wal-Mart has done to our economy. Since Wal-Mart buys so much airtime on the "commercial" TV stations and networks, you would NEVER see a video like this on any other network but PBS. Wal-Mart has lowered the standard of living in the United States. Their poor "associates" work for poverty-level wages and only about 5% of them can afford Wal-Mart's medical insurance. We pay for the rest of them.

[KripDrip]

dont bitch about walmarts wages. If u dont like working there quit. Walmart is not the only store that pays minimum wage so dont put all the blame on walmart.

[aminadoc21]

Thank you for putting up this vid! I've been trying to watch it for a while.