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Author Topic: Wal-Mart and the economy  (Read 586 times)
Unfairpractices
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« on: October 04, 2007, 05:56:53 AM »

I recently saw an ad on Wal-Mart's joint venture with China. Then I read a Wall Street Journal article this morning on how more Americans are concerned about free trade and foreign economies.
http://youtube.com/watch?v=Nx2ltoqyrEw

Quote
The new poll asked a broader but similar question. It posed two statements to voters. The first was, "Foreign trade has been good for the U.S. economy, because demand for U.S. products abroad has resulted in economic growth and jobs for Americans here at home and provided more choices for consumers."

The second was, "Foreign trade has been bad for the U.S. economy, because imports from abroad have reduced demand for American-made goods, cost jobs here at home, and produced potentially unsafe products.

Asked which statement came closer to their own view, 59% of Republicans named the second statement, while 32% pointed to the first.
http://online.wsj.com/public/article/SB119144942897748150.html?mod=blog

With the whole recall thing, I think the larger, influential companies like Wal-Mart should be pressured to tell their suppliers to clean up their act. I'd much prefer that approach than government regulation.
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gommi
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« Reply #1 on: October 04, 2007, 06:59:39 PM »

With the whole recall thing, I think the larger, influential companies like Wal-Mart should be pressured to tell their suppliers to clean up their act. I'd much prefer that approach than government regulation.
Wal-Mart will not self-regulate its suppliers without government intervention, because it has no real incentive to do so, unless there is a substantial boycott of their products, which is not probable. 
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Gojira
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« Reply #2 on: October 05, 2007, 02:44:47 PM »

This article had nothing to do with Wal-Mart.  This is based on the general political issue of whether Free Trade is good for the economy or not. 

This was all started from the many practicing Economists who started re-evaluating the effects of globalization and the cost/benefits of comparative advantage that have again been put in debate.  (But it always is)

Many Americans feel that the Republican platform of free trade is failing America so of course the politicians trying to get into office start to change their views...  Roll Eyes

Wal-Mart however has got a lot more challenges to face than just an attack on free-trade, like employee benefits, wages, and environmental management.

However, management is cleaning up and after years of Wal-Mart bashing by filmmakers, critics, politicians and the people alike, Wal-Mart is changing their ways, and hopefully, especially with moves toward Natural Capitalism, will have a profound effect on our economy and the rest of the world. 



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gommi
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« Reply #3 on: October 05, 2007, 06:09:22 PM »

However, management is cleaning up and after years of Wal-Mart bashing by filmmakers, critics, politicians and the people alike, Wal-Mart is changing their ways, and hopefully, especially with moves toward Natural Capitalism, will have a profound effect on our economy and the rest of the world. 
What are you implying by 'natural Capitalism'? Do you believe that in a system of complete economic freedom corporations would demonstrate any concern for employee satisfaction and self-regulation?
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Gojira
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« Reply #4 on: October 05, 2007, 07:12:11 PM »

A thread on it...

http://www.itsallpolitics.com/forum/index.php?topic=146.0
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chovy
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« Reply #5 on: October 07, 2007, 05:10:35 PM »

i try to avoid stuff made in china whenever possible.
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Cabrini Green
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« Reply #6 on: October 07, 2007, 08:46:47 PM »

I only buy things (no homo) from china because its so hood. Sweatshops keep it gully.
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« Reply #7 on: October 08, 2007, 03:36:22 AM »

I only buy things (no homo) from china because its so hood. Sweatshops keep it gully.

 Roll Eyes
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« Reply #8 on: October 08, 2007, 09:29:42 AM »

wtf? did anyone understand that?
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Gojira
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« Reply #9 on: October 08, 2007, 10:55:00 AM »

wtf? did anyone understand that?
laugh
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Unfairpractices
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« Reply #10 on: October 10, 2007, 05:15:18 AM »

This article had nothing to do with Wal-Mart.  This is based on the general political issue of whether Free Trade is good for the economy or not. 

This was all started from the many practicing Economists who started re-evaluating the effects of globalization and the cost/benefits of comparative advantage that have again been put in debate.  (But it always is)

Many Americans feel that the Republican platform of free trade is failing America so of course the politicians trying to get into office start to change their views...  Roll Eyes

Wal-Mart however has got a lot more challenges to face than just an attack on free-trade, like employee benefits, wages, and environmental management.

However, management is cleaning up and after years of Wal-Mart bashing by filmmakers, critics, politicians and the people alike, Wal-Mart is changing their ways, and hopefully, especially with moves toward Natural Capitalism, will have a profound effect on our economy and the rest of the world. 

The article points out that product safety is a concern among voters.

Wal-Mart does have a lot of problems to fix it but I don't see any evidence they're cleaning up their act. Sure, they have a PR campaign but that doesn't change the fact the company puts pressure on it's vendors/suppliers to cut costs. The American consumer suffers the consequences as a result of the unsafe products while Wal-Mart gets away with passing the buck? Not good.
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Gojira
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« Reply #11 on: October 10, 2007, 07:40:59 AM »

This article had nothing to do with Wal-Mart.  This is based on the general political issue of whether Free Trade is good for the economy or not. 

This was all started from the many practicing Economists who started re-evaluating the effects of globalization and the cost/benefits of comparative advantage that have again been put in debate.  (But it always is)

Many Americans feel that the Republican platform of free trade is failing America so of course the politicians trying to get into office start to change their views...  Roll Eyes

Wal-Mart however has got a lot more challenges to face than just an attack on free-trade, like employee benefits, wages, and environmental management.

However, management is cleaning up and after years of Wal-Mart bashing by filmmakers, critics, politicians and the people alike, Wal-Mart is changing their ways, and hopefully, especially with moves toward Natural Capitalism, will have a profound effect on our economy and the rest of the world. 

The article points out that product safety is a concern among voters.

Wal-Mart does have a lot of problems to fix it but I don't see any evidence they're cleaning up their act. Sure, they have a PR campaign but that doesn't change the fact the company puts pressure on it's vendors/suppliers to cut costs. The American consumer suffers the consequences as a result of the unsafe products while Wal-Mart gets away with passing the buck? Not good.

Wal-Mart is not the only retailer selling these products.  The blame should be put on the suppliers... 

How is any retailer supposed to know until Matel comes out saying so?
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gommi
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« Reply #12 on: October 11, 2007, 12:17:22 PM »


Wal-Mart is not the only retailer selling these products.  The blame should be put on the suppliers... 

How is any retailer supposed to know until Matel comes out saying so?
To claim that Wal-Mart has no control over its suppliers is ridiculous. Surely Wal-Mart would refuse to purchase products from suppliers whose prices are not competitive, thus influencing them to reduce costs.
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Gojira
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« Reply #13 on: October 11, 2007, 12:29:03 PM »


Wal-Mart is not the only retailer selling these products.  The blame should be put on the suppliers... 

How is any retailer supposed to know until Matel comes out saying so?
To claim that Wal-Mart has no control over its suppliers is ridiculous. Surely Wal-Mart would refuse to purchase products from suppliers whose prices are not competitive, thus influencing them to reduce costs.

Um, I never said they don't have control over their suppliers... Who is supposed to know that the usual products that have always been pushed through their supply chain is to be tainted.  Some of their suppliers didn't even know!

Stop classifying Wal-Mart as the evil empire... 
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Our democracy has created an environment of indecision at times of impending crisis. 

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gommi
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« Reply #14 on: October 11, 2007, 07:10:01 PM »

Who is supposed to know that the usual products that have always been pushed through their supply chain is to be tainted.  Some of their suppliers didn't even know!
You don't identify a connection between corporate pressure to reduce production costs and the accidental release of defected and dangerous products?


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Stop classifying Wal-Mart as the evil empire... 
Evil? No, just complicated. As a single organization it is only a product of economic circumstance. The owners of Wal-Mart are forced to engage in harmful practices due to the competitive market.
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