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Politics : Arnold for Governor!
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To: richardred who wrote (713)11/25/2003 12:10:27 AM
From: Raymond Duray  Read Replies (1) of 773
 
richard,

Re: With your analysis who would even want to start up a business.

A more perceptive question would be who would Wal-Mart destroy next in its mad race to the bottom? Wal-Mart has destroyed more local businesses than any other monopolist/consolidator since the Great Atlantic & Pacific Tea Company absolutely dominated the supermarket scene in the '20s and '30s. Destruction of business opportunity is the rapacious raison d'etre of the Wal-Mart pirates.

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Re: We have new businesses and technology, in time, they will be picking up the slack.

I'm completely unimpressed with your pollyannish views of how economics really works. There will be no new $30/hr. machinist jobs in the service economy that the Walmart phenomenon furthers. All the good manufacturing jobs go to China, and we are stuck with sub-standard non-living-wage jobs that has the public jumping through hoops just to stand still on the economic treadmill.

Just look at what the Walmart phenomenon is doing to union bargaining power in Southern California. Walmart is destroying the hopes that store clerks will ever be anything more than abused second class citizens in the nightmare world that the likes of George Bush and Sam Walton's kids hope to create.
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