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Old 10-08-2010, 10:33 PM
 
4,465 posts, read 4,730,673 times
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Quote:
Originally Posted by calgirlinnc View Post
I conclude, then, that all of you anti-WMers buy nothing that is not made exclusively within the United States.
No, you just return to Bi-Lateral Trade, as most other nations do.

For now, the problem is finding something made here.

And don't trust the 'Made In USA' labels.

Inspectors (when they are allowed to inspect- very rarely) have found Chinese plants with boxes full of them.

Last edited by Geechie North; 10-08-2010 at 11:37 PM..
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Old 10-08-2010, 10:37 PM
 
4,465 posts, read 4,730,673 times
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Quote:
Originally Posted by OleTomCat View Post
That is how the old time company stores did it, you ended up owing all or most of your pay to the company that you worked for.....
Spot on, Tom!

And how did that work?

(Hint: Look up assassinations, riots, etc).


Gilded Age was famous for 'em.


But thank you again for pointing that out.

Last edited by Geechie North; 10-08-2010 at 11:11 PM..
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Old 10-08-2010, 10:52 PM
 
4,465 posts, read 4,730,673 times
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Quote:
Originally Posted by JimmyCh View Post
Quick, easy, and fun Economic lesson...will answer your question what's wrong with us.

http://www.youtube.com/user/theRSAor...37/qOP2V_np2c0
Nice cartoon, Jim, BUT it ignores two crucial facts:

1. Almost 200 years of US History (Hamilton Plan).

2. The guys whose ideas power the toon NEVER get their predictions correct, whereas others ('contrarians' in the eyes of the UKers) do.
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Old 10-08-2010, 10:54 PM
 
4,465 posts, read 4,730,673 times
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Quote:
Originally Posted by calgirlinnc View Post
Not disputing that this is what you saw, but...

I don't get this. What, is there a WM mafia or something? How do they force people to work for them? Force them to accept "WM money"? And let's not consider that maybe CNN is not biased one way or the other.

Those who would use force to keep out Wal Mart are making people spend more for common items so that Uncle Bob's General Store can make money despite inefficiency and high mark ups.

'Inefficiency' defined as paying a living wage.

Yes, Wal-Mart is like the Mafiosos in many respects.
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Old 10-08-2010, 11:01 PM
 
Location: Aiken, South Carolina, US of A
1,364 posts, read 1,407,482 times
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Wlamart isn't that bad, considering we are a Capitalist nation.
They have some things cheaper, and you get what you pay for.
Some of their food is cheaper, some not.
China manipulates thier currency, cheating the USA in trade.
Does anyone understand this?
THey have been doing it for about 10 years now at least,
and we dont' MANUFACTURE anything here anymore.
That is why there are no jobs.
You have to buy Chinese cheap crap, that is all there is to it.
Nancy Pelosie stated she wanted to bring back an Industrial Age
again in the USA, remember her Make It In the USA program?
The politicans have been demonizing her ever since, they
want the Chinese to have jobs, not the USA.
I shop at Walmart for certain things, select things, and the
regular Supermarket and department stores for other things.
Target sells cheap Chineese crap also, all the same stuff, different
store.
China is going to be the king of solar energy in the future.
They have the advantage of having a country that makes decisions
that are in the best interest of the Chinese people,
unlike our politicans, who are the best politicans money can buy! LOL
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Old 10-08-2010, 11:25 PM
 
4,465 posts, read 4,730,673 times
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Quote:
Originally Posted by Butterfly4u View Post
China manipulates thier currency, cheating the USA in trade.
Does anyone understand this?
THey have been doing it for about 10 years now at least,
and we dont' MANUFACTURE anything here anymore.
That is why there are no jobs.
Last month alone US companies created 450,000 jobs-

In China.

There is our recovery.
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Old 10-09-2010, 12:34 PM
 
435 posts, read 484,971 times
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Quote:
Originally Posted by Geechie North View Post
Nice cartoon, Jim, BUT it ignores two crucial facts:

1. Almost 200 years of US History (Hamilton Plan).

2. The guys whose ideas power the toon NEVER get their predictions correct, whereas others ('contrarians' in the eyes of the UKers) do.
Geechie, I just think the cartoon is good over-view of economic theories because it mentioned almost everything. Even under Hamilton plan, don't forget we have population of slaves and servants. The American middle class really didn't emerge until the 1900s especially after WWI.

All economic theories have their fault spot, and knowing them all is important.

This being said, as an individual, everyone of us have to make decision that hopefully won't end up be in the bottom of our society. Things is not going to change overnight, and the wise move is to hedge your bets. For example, get a profession that you are more valuable when you age.
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Old 10-10-2010, 11:12 AM
 
Location: East of I 95, NC
634 posts, read 883,861 times
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I thoroughly enjoyed the cartoon/movie version of the economy Jimmy.

My question is.. If the end version is all true, how do you (or,anyone) think it's going to play out from this point on? The greedy banking/finance system is getting their share of woes with all the foreclosures. Where's the upside?
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Old 10-11-2010, 11:51 AM
 
4,465 posts, read 4,730,673 times
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Quote:
Originally Posted by JimmyCh View Post
Geechie, I just think the cartoon is good over-view of economic theories because it mentioned almost everything. Even under Hamilton plan, don't forget we have population of slaves and servants. The American middle class really didn't emerge until the 1900s especially after WWI.

All economic theories have their fault spot, and knowing them all is important.

This being said, as an individual, everyone of us have to make decision that hopefully won't end up be in the bottom of our society. Things is not going to change overnight, and the wise move is to hedge your bets. For example, get a profession that you are more valuable when you age.
You gotta remember that the Hamilton Plan- a basic idea of protectionism that was our SOP for business from 1790-1973, saw lots of societal change; it can be argued that the end of slavery was the first regulation of laissez-faire capitalism in US society.

As for the Middle Class 'Not ermerging until post-WWII, well that neglects the Middle Class of the 1800's- the established farmer (vs the pioneer), and the (truly) small businessman or woman.

Yes, all economic theories have shortcomings, and the BIG one for markets/capitalism is that wealth gets concentrated (absent of regulation) in the top 2-3% of the population, and that leads to depressions:

The same ratio of wealth inequity the existed in 1929, was repeated in 2007, for example.

So, no regulation means the 'house' wins most every time- 'cause the game is rigged so that the house will win most every time.

And that is a 'theory' which squares with the historical record.
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Old 10-11-2010, 12:15 PM
 
435 posts, read 484,971 times
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You can do nothing except like Geechie said, try to be "the house." Btw, I think the real crash is coming, and this time, there will be no rescue and let's see how "well" the economy will recover according to the conservative thinking. I got my hedge placed already regardless my personal believes.
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