Most small businesses get stomped out due to massive wealth-sucking businesses though, don't they.
Capitalism can not eradicate poverty
- Thread starter gore0bsessed
- Start date
What are you talking about, Walmart alone probably has crushed hundreds of small businesses.
scarcity exists petros and you can't have hundreds of billionaires without the detriment to many other people.
scarcity exists petros and you can't have hundreds of billionaires without the detriment to many other people.
Standard of living is the easiest... Sadly, even in the collectivist societies, some form of currency (read: wealth) exists as the medium of trade
You assume wrong.
PS - wealth accumulation occurs every day in collective societies, you just prefer to believe that is not the case
Hardly... Maybe consider things like living conditions, life expectancy, standard of living etc.
Start with comparing N Korea to any Western nation
You're all hung up on wealth and further assume that it's an either/or situation, grinding poverty or unimaginable wealth.. The vast majority live comfortably between the 2
Same with communism, socialism and/or collectivism.
You're only fooling yourself if you believe otherwise
And created hundreds of others. Build next door to Walmart and you'll get more customers than building 5 miles away. You haven't noticed all the businesses that surround Walmart?
Is it about Iran in Iraq, Yemen, Syria, Brazil, and Lebanon?
(And sorry... clicking a link full of question marks probably isn't the best of ideas.)
The simple fact is that having a WalMart come to town hurts some small businesses and helps some small businesses. This has been extensively studied, and each set of true believers can quote studies that support their emotionally-driven conclusions, and completely ignore the equally valid studies that show the other side.
I disagree. There are downsides for consumers as well. For example, if a store whose inventory overlaps that of WalMart goes out of business because of the competition, its customers lose both the availability of items they can get at WalMart and items they cannot get at WalMart.
Of course, this is true of all businesses and simply part of the market, but to deny it happens is a sign of willful blindness.
Let's see....pay $22 for a master lock padlock at mom and pop or "get stuck" with a Yale of identical quality for $9 at Walmart. My need for a padlock was met unless I had some "brand loyal" thing going.
well you can't discuss capitalism without talking about the main ideology of that system - wealth accumulation. the entire world is capitalist, it's the global system. you can't say take a look at how that country is doing and compare it to this country, it doesn't work. these third world countries that do poorly is mainly because of first world countries exploiting their resources.
there are countries that can however adopt many socialist ideals although it would be a stretch to calm them socialist countries. countries like, sweden, norway, finland, countries with some of the best living standards in the world. even still, there are issues with standing of living index anyways. for instance if a country has a tiny but excessively wealthy upper class but a large, terribly poor lower class that median income for that country would be high enough to suggest a good standard of living but misleading as much of the country's population is poor. as far as north korea goes, you can't say look at their food shortages, it must be due to socialism, of course not. there are other factors. how about the fact that they have little arable land and it suffers from floods all the time?
there's just no arguing around the fact that capitalism not only can not eliminate poverty, it doesn't want to. it needs poverty.
By God, you're right! Your single-product anecdote proves absolutely that WalMart is an unadulterated, pure, 100% benefit to all consumers, with no downside for anybody, ever!
Go tell Mommy how clever you are, you bright boy, you.
Agreed. Nothing gets you mugged around this place like making a moderate statement that recognizes both sides of an issue.
That's right. 1 of thousands of products. Go tell your dad they have head and shoulders for cheaper than gougemart, if you know who he is.
where are walmarts products coming from and why are they so cheap? does the benefits of walmart offset the negatives? and i'm talking globally. not in your city. not in your state. not in your country. but worldwide, how does walmart benefit us globally?
how about the fact their employees go on strike all the time because of piss poor wages they can't live on?
here's a stat i just read
"Kenneth Stone, Professor of Economics at Iowa State University, in a paper published in Farm Foundation in 1997, found that some small towns can lose almost half of their retail trade within ten years of a Walmart store opening.[40]"
how about the fact their employees go on strike all the time because of piss poor wages they can't live on?
here's a stat i just read
"Kenneth Stone, Professor of Economics at Iowa State University, in a paper published in Farm Foundation in 1997, found that some small towns can lose almost half of their retail trade within ten years of a Walmart store opening.[40]"