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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (7958)	2/22/2005 9:06:24 AM
From: Ron	Respond to of 361249

Illegal dumping is when a company deliberately sells product below cost in order to try and run competitors out of business. In this case, I believe it was TV sets (most of our TV sets are made in China now, by the way). An American company filed a complaint with the feds and then found out that Wal Mart had filed a brief supporting their business partners, the Chinese. Of course dumping is also a long time Wal Mart technique. Build a huge store on the outskirts of a small community, start selling merchandaise way below cost, suck the life out of the locally owned retail community. Then when the mom and pops are closed, and no one has any choice but to work for Wal Mart, they jack their prices back up to a profitable level. That's how Sam Walton really got his momentum going.. using deep pockets to kill off the competition in small communities. --- The US also dumps agricultural products on the world market thanks to huge subsidies paid by the taxpayers but that's another story. The subsidies got huge when large agri business corporations were in a position to make large campaign contributions..