Wal mart and 80 million

topic posted Wed, June 6, 2007 - 6:24 AM by  B
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Wal-Mart plans to launch a payments card aimed at the estimated 80m US residents who do not have access to a bank account.

Called the Wal-Mart MoneyCard, the prepaid product would be launched with GE Money, the retailer's financial partner, nd branded a Visa card, Wal-Mart officials said. An official announcement of the pilot programme could come as soon as this month.

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www.msnbc.msn.com/id/19057574/


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80 million people. That is the army for change. But Wal Mart will capture them and enslave them into the army of people buying cheap Chinese goods putting more US companies overseas or out of business or out of business.
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B
offline B
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  • Re: Wal mart and 80 million

    Wed, June 6, 2007 - 11:37 AM
    the only negative I see is that it takes us closer to a cashless system and further from money having actual intrinsic value
    • B
      B
      offline 121

      Re: Wal mart and 80 million

      Wed, June 6, 2007 - 9:26 PM
      The negative is that it gets people back into the banking system. These 80 million are now not putting money into the system to generate that fraction of the fractional reserve system and they are not signing for debt creating that money based on a signature loan. That is a lot of people about 30% of the US population. That could have an impact on the financial system because it is the middle class that generate the debt that generate the money. So the economy stops growing and the cycle goes positive feedback.

      These are the perfect group of people to offer an alternative currency too. They can be the basis of breaking the banking system in the US. An alternative currency that does not use a central c0omputer system so there is no instant tracking of every purchase and your every move.
      • Re: Wal mart and 80 million

        Thu, June 7, 2007 - 8:31 AM
        I can accept your view about bringing them back into a crumbling system not being too useful to them. I thought you were just another mindless walmart hater. Those people I just don't understand. They offer a competitive product at affordable prices no better or worse than any other business.
        • Re: Wal mart and 80 million

          Thu, June 7, 2007 - 8:53 AM
          And, although their flavor of globalization does not include
          values like sustainability (people still buy from them), they
          do serve low income individuals and families (a value itself).

          To my "Alternative currency" mentality "Walmartbucks" are just as
          good as frequent flyer miles, if people want to trade them.
          • Re: Wal mart and 80 million

            Thu, June 7, 2007 - 8:04 PM
            [quote]And, although their flavor of globalization does not include
            values like sustainability (people still buy from them),[/quote]

            "Sustainablity" is a non issue. According to the alarmists in the '60s and '70s we were all supposed to have died of the population bomb, because we couldn't even grow enough food to support the populations. Technological advancement stepped up and picked up the slack and now we grow so much more on so many fewer acres that we're talking about the obesity epidemic instead. The "Law of Accelerating Returns" basically insures that we'll not have a problem with sustainablity, the real threat is run away technology.
            • Re: Wal mart and 80 million

              Thu, June 7, 2007 - 8:34 PM
              Vlad,
              I'm simply saying that sustainability, or greenness if you prefer,
              is one variable value customers might base buying decisions on.
              For those people, WM is unappealing. That said, their record
              in that area hasn't impacted their bottom line very much.
            • B
              B
              offline 121

              Re: Wal mart and 80 million

              Thu, June 7, 2007 - 10:11 PM
              <According to the alarmists in the '60s and '70s we were all supposed to have died of the population bomb, because we couldn't even grow enough food to support the populations.>

              Here I thought you were just a mindless negative poster.

              You might be referring to the Club of Rome sponsored study which was published as “Limits to Growth”. That study was picked up again and re-examined recently. What was found is interesting. Many of the predictions put forth are starting to come true. The “oil shock” of the 70’s delayed a lot of the growth by one to two decades. The oil shock did help to promote more efficiency in energy use, which by the 90’s was all but forgotten. The problem of food as published in Limits to Growth had nothing to do with ability to grow food but with the amount of farmable land, availability of water and the population. All of which are becoming true. There is not enough water in a lot of places for crops, the amount of farmable land is becoming a problem. And the total world population does not have an obesity problem.
              • Re: Wal mart and 80 million

                Fri, June 8, 2007 - 7:42 AM
                [quote]And the total world population does not have an obesity problem.[/quote]

                Yes, how true. Only backward, socialist, or otherwise liberty deprived nations are spared this epidemic of prosperity. As to population, it will reach its own level. I assume you are a Darwinist, natural selection will take care of the problem eventually.
                • B
                  B
                  offline 121

                  Re: Wal mart and 80 million

                  Fri, June 8, 2007 - 10:26 PM
                  Yes those backward countries like France where obesity is11% compared to 32% in the USA. Or Singapore where obesity is even less than 11%. Maybe you were talking about Japan that country still run by the Samurai. Yes once we leave the borders of the USA where the streets are paved with gold and capitalism shines as an example of what democracy is worth [sic] all other countries pale.
                  • This is the maximum depth. Additional responses will not be threaded.

                    Re: Wal mart and 80 million

                    Fri, June 8, 2007 - 10:49 PM

                    [quote]Yes those backward countries like France where obesity is11% compared to 32% in the USA. Or Singapore where obesity is even less than 11%. Maybe you were talking about Japan that country still run by the Samurai. Yes once we leave the borders of the USA where the streets are paved with gold and capitalism shines as an example of what democracy is worth [sic] all other countries pale.[/quote]

                    World Top 10 - Gross Domestic Product Countries:

                    Nation GDP In Billion Dollars
                    United States 10,082
                    China 6,000
                    Japan 3,550
                    India 2,660
                    Germany 2,184
                    France 1,540
                    United Kingdom 1,520
                    Italy 1,438
                    Brazil 1,340
                    Russia 1,270

                    Rank Country GDP - per capita ($)
                    1 Bermuda 69,900
                    2 Luxembourg 68,800
                    3 Jersey 57,000
                    4 Equatorial Guinea 50,200
                    5 United Arab Emirates 49,700
                    6 Norway 47,800
                    7 Cayman Islands 43,800
                    8 Ireland 43,600
                    9 United States 43,500
                    10 British Virgin Islands 38,500
                    .
                    21 Japan $ 33,100
                    .
                    30 Singapore $ 30,900
                    31 France $ 30,100

                    Don't let the numbers confuse you, but it doesn't matter to me if you want to use raw GDP or index it to population, either way France and even Singapore don't measure up. Your obvious hatred of America has blinded you to simple facts. Few socialists have ever bothered to concern themselves with facts though, so I suppose I shouldn't be surprised.

                    Now that you've had a small dose of reality, I maintain my point. "Environmentalism" is just the religion of the socialists. They need something to justify why governments should be able to redistribute wealth from the producer to the non-producer. As to democracy, that is just two wolves and a sheep voting on what's for dinner. We were designed as a republic. Where property owners, and those with a stake in the country were to have a say in how it was ran. I don't have a problem with the "common man" having a say, but I do have a problem when he decides to vote himself largess from the public coffers and bank rupt us all. Capitalism does have its flaws. They do not lie with the basic system but rather with the unjust laws governing what may be considered as money. It is the fraud of the central banks that is the problem, not the economic freedom nor the resulting prosperity that capitalism provides, EVERYTIME it is tried.
                    • B
                      B
                      offline 121

                      Re: Wal mart and 80 million

                      Sat, June 9, 2007 - 7:12 AM
                      Don’t worry the numbers don’t scare me, maybe you should examine them yourself. There are some 173 countries in the world being number 30 and 31 are not so bad. There are a lot of numbers that can be used. The gap between rich and poor, health care, infant mortality. For a person that chant the mantra of central banks are bad you always like to measure the US wealth in the fiat currency of the FED.

                      Your focus on the central banks is humorous to say the least. A conspiracy theory that has spread far and wide on the Internet. The central banks are not run by some evil genius with a white cat bent on controlling the world. They are just a tool of the corporations. The banks and corporations live in a symbiotic relationship with the common man as the food for them both. The people generate the debt, which generate the money that the banks and corporations need.

                      Take away the central banks and you would be in exactly the same situation you are in today with the corporations having bought and paid for all of elected government.

                      This country was supposed to be a republic. But I would hate to see only white property owners have a say in government. This is how we ended up where we are today. It is time to move on from the feudal system where white property owners control everything and break government down so that it represents the people of the world not the money interests.
                      • Re: Wal mart and 80 million

                        Sat, June 9, 2007 - 9:00 AM
                        B--

                        What you propose: "It is time to move on from the feudal system where white property owners control everything and break government down so that it represents the people of the world not the money interests."

                        I cannot believe that you support anarchism. Sine you don't, I have to assume that
                        this alleged "breaking down of the government" is nothing other than Marx's bloody
                        revolution and a new dictatorship of the proletariat. It's been tried. The new Czar
                        always behaves exactly like the old one-- or worse. Hence the transition from a monied
                        (or landed) corporate governance to an unmonied one look a lot like Zimbabwe to me.
                        Read the Nobel prize winner Friedrich Hayek's Road to Serfdom and see what real
                        feudalism is.
                        • Re: Wal mart and 80 million

                          Sat, June 9, 2007 - 10:14 AM
                          [quote]see what real feudalism is.[/quote]

                          Feudalism isn't all bad. Remove from it the Divine Right ot Kings theory and don't force anyone to be involved. You essentially get an example of local government, where each of the local land owners compete with each other for the populace. If it is contractual, ie everyone agrees to exactly the rights and responsiblities before fealty is sworn, then it could work as well as any other system. If one local "lord" was not providing properly for his subjects they would be free to negotiate with his rivals at the end of their contracted period. I've been working on a Neo-Feudalist theory for some time now, and while it would be subject to corruption like any human system it would seem to be more of a free market solution. Leaders compete for subjects offering different services or lack there of to suit the local need, and the populace can then gravitate toward the leaders who best suit their needs.
                          • B
                            B
                            offline 121

                            Re: Wal mart and 80 million

                            Sat, June 9, 2007 - 10:48 PM
                            <I cannot believe that you support anarchism.>

                            Why can't you believe that?

                            Governements should be no larger than the local level. At the local level a board of controllers to make things happen that serve at the will of the people where a recal can be started in the morning and a controller out by the evening. Land ownership be individuals and corporations should be abolished and the local gevernment (i.e. people) decide who is berst suited to farm, build and manage the land. Everyone has a right to housing, food and health care.
                            • Re: Wal mart and 80 million

                              Sun, June 10, 2007 - 8:45 PM
                              Ah yes of course...

                              The huddled masses, the poor, the laborer, the illiterate, the stupid and
                              the uneducated all need you. They are eager to have you tell them what's
                              good for them. B the Omniscient! All Hail! What you propose has worked
                              to prefection for hundereds of years in rural Sicily. Indeed the local dictators
                              are replaced within a day when found incompetent by the don. It's a business.
                              • Re: Wal mart and 80 million

                                Sun, June 10, 2007 - 9:28 PM
                                So our two raving capitalists don't have an answer to this. I'll ask it again:

                                What we need to understand is why it is that an arbitrary declaration of "ownership" of resources, inherently privileging a few at the expense of the many, is a rational basis for power.
                                • Re: Wal mart and 80 million

                                  Sun, June 10, 2007 - 9:35 PM
                                  Who says ownership is arbitrary?

                                  But frankly I'm ignoring raving anti semites.
                                  • Re: Wal mart and 80 million

                                    Mon, June 11, 2007 - 7:31 AM
                                    [quote]frankly I'm ignoring raving anti semites. [/quote]

                                    Can't ignore them, they are like cockroaches and breed and multiply in the darkness. Gotta shine light on them and make them scurry away, or better yet a little bug spray goes a long way.
                                  • Re: Wal mart and 80 million

                                    Tue, June 12, 2007 - 10:51 AM
                                    Mark,I didn't even think you were referring to me at first.

                                    All I said was that it was unreasonable to expect the kibbutzim to survive as cooperative enterprises in an overwhelmingly acquisitive capitalist world. But on the basis of this claim, you conclude that I am anti-Semitic. On the basis of such logic, how can I possibly regard you as a rational being?
                                    • Re: Wal mart and 80 million

                                      Tue, June 12, 2007 - 11:22 AM
                                      David:

                                      In another thread you wrote with regard to Kibutzim:
                                      "It is unreasonable to expect a value that emphasizes social responsibility to survive in a community when dominant values in culture and society emphasize individual advantage at the expense of society. "

                                      Is it unreasonable to think that you mean Isreal. Isreal to my knowledge is the only nation
                                      having kibutzim. So perhaps I'm mistaken with regard to you intent, but both Vlad and I read
                                      it as "dominant values and culture of Isreal emphasizes individual advantage at the expense of society". Is it illogical to think that a statement like that means Jews? We both questioned the comment. No reponse. It might be understandable that a Jew would be upset at the implication, but since I'm not Jewish I'm not upset. I just doubt the rationale of somebody holding views like that. I accept that maybe you didn't mean Israel. Clarity of communication is always in order. Maybe Vlad will accept an apology.
                                      • Re: Wal mart and 80 million

                                        Tue, June 12, 2007 - 2:25 PM
                                        It is illogical and amazingly short-sighted to treat culture and society in an economic system anywhere in the Middle East as limited to one country. Despite Israeli treatment of Palestinians, have you checked out the volume of trade between those peoples? Further, even assuming I was referring to Israel, Israel isn't just Israel. Israel survives only because of financial and military support from the United States. And the United States is the biggest capitalist ogre of them all, really meaning corporate crony capitalism when it claims to be spreading democracy.

                                        Finally, to call me anti-Semitic because I claim that the Jews in communes were unable to sustain values of social responsibility against a larger and mostly hostile capitalist context which is only partly (even if mostly) composed of Jews is 1) to conflate the entire state of Israel with capitalism, 2) to equate Israel with Jews (whether they live in Israel or not, and to utterly disregard the Arabs who still live in Israel), and therefore, 3) to equate capitalism with the Judaism, and 4) therefore, to equate anti-capitalism with anti-Semitism, even when some Jews are anti-capitalist.

                                        Your logic is truly astounding. If this is the same sort of reasoning you rely on for what I thought to be your economic biases, then there is simply no point to continuing any conversation with you, since you demonstrate you are completely incapable of understanding what's what.
                                • Re: Wal mart and 80 million

                                  Mon, June 11, 2007 - 7:29 AM
                                  [quote]
                                  What we need to understand is why it is that an arbitrary declaration of "ownership" of resources, inherently privileging a few at the expense of the many, is a rational basis for power.[/quote]

                                  some one always has ownership. Even in the communist dream where the "people" own it, some one still has control over who gets to use it when and for what, which is the true definition of ownership. So the real question is, are the people who've paid for the land going to be the owners of it? Or are we going to let politician have defacto monopoly over all land everywhere in a nation with no other alternative for the people to turn to? Just like every other communist/socialist they will argue in favor of the option that allows for the least choice and freedom for the individual and give it all to the state.
                                  • Re: Wal mart and 80 million

                                    Tue, June 12, 2007 - 11:09 AM
                                    Vlad, to claim that "some one [sic] always has ownership" is to fail to answer the question.

                                    Ownership does not exist in nature. It is an artificial concept invented by humans to exert control over resources, and ultimately control over other humans. To resort to a claim of ownership is to commit what I will call, for lack of a better term, a fallacy of firsts. Just as we cannot claim a complete understanding of how the universe came to be without an understanding of what came before the big bang, and what came before that, and so on, we cannot claim ownership without a clear chain of title that somewhat predates humanity. In short, you need to explain how it is that the arrival of the human species confers upon some the right to acquire excess while depriving others.
                                    • Re: Wal mart and 80 million

                                      Tue, June 12, 2007 - 11:27 AM
                                      Sure there's an epistemological question.
                                      But since only humans think and use logic,
                                      that we know of, to raise the question you
                                      raise is specious. We are discussing
                                      humans institutions. It doesn't matter if
                                      animals have ownership or not, or if the
                                      great spirit or if nature itself... such things
                                      are unknowable.
                                      • Re: Wal mart and 80 million

                                        Tue, June 12, 2007 - 6:40 PM
                                        [quote]It doesn't matter if
                                        animals have ownership or not,[/quote]

                                        Many animals even mark and defend territory. To say that control of an area (Ownership if you will) is not a basic part of nature is naive at best and dishonest at worst, so again the arguement is moot. Some one always has control over area and the resources in it which is defacto ownership.
                                        • Re: Wal mart and 80 million

                                          Tue, June 12, 2007 - 6:58 PM
                                          Vlad observes that "Many animals even mark and defend territory."

                                          Your desperation shows. Animals may compete for territory, but they can't call the cops to evict trespassers.
                                          • Re: Wal mart and 80 million

                                            Tue, June 12, 2007 - 7:14 PM
                                            [quote]Vlad observes that "Many animals even mark and defend territory."

                                            Your desperation shows. Animals may compete for territory, but they can't call the cops to evict trespassers.[/quote]

                                            No they simply kill tresspassers. I'd be ok with that option too but then people cry that it is uncivilized.
                                            • Re: Wal mart and 80 million

                                              Wed, June 13, 2007 - 12:58 AM
                                              Vlad imagines, "No they simply kill tresspassers [sic]. I'd be ok with that option too but then people cry that it is uncivilized."

                                              Vlad, I keep looking at your picture and wondering what's up with that cloak. It certainly isn't anything academic. Because if you'd taken even one natural science class even at the junior high school level (I guess they call it "middle school" now), you'd know you're way off the mark. And by the time one gets to college, they're explaining to undergraduates how analogies from animals to humans don't work too well. Social Darwinism is a completely discredited concept.

                                              But you have to understand, as a communication scholar, I'm well aware of the importance of nonverbal communication. So I know there's something going on with that cloak.

                                              I look at that outfit, and I think, "delusions of grandeur." But I'm not a psychologist. And having seen studies of the effects of unethical research, largely involving psychology experiments, I wouldn't recommend too heavy a reliance on that particular discipline anyway.

                                              Then I look at your other comments, and something else comes into my head. This is conservative theorist Richard Weaver's tyrannizing image, that establishes social rankings according to adherence to a central ideology. Too bad some research I did this last quarter completely shot down that idea (and yes, I know at least one PhD who still thinks the idea is important). But, as I commented in my paper, that certainly won't stop conservatives from adhering to an ideological higher Truth-with-a-capital-T.

                                              Now that cloak starts to make a little more sense. We're supposed to see you as some sort of spiritual icon. When anything comes up that doesn't square with your ideology, you'll just make something up, and expect us to believe it. Too bad that isn't working at all, either. But that doesn't stop you from just making something else up, and then something else, and so on.

                                              There are at least a couple academics in this forum; I'm guessing I'm the only one still bothering to respond to you. But I won't play the fool for very much longer. You need to seriously upgrade the quality of your arguments.
                                              • Re: Wal mart and 80 million

                                                Wed, June 13, 2007 - 9:51 AM
                                                [quote]Vlad, I keep looking at your picture and wondering what's up with that cloak[/quote]

                                                Funny when I look at yours I just see an old hippy has been, then I listen to you and realize you're still spouting the same old failed socialist/communist bull shit. There are communist nations that would happy to accept you, why don't you go there if they are such a workers paradise? No you'll sit here in the West and enjoy the blessings of its financial liberties and belly ache because you're unwilling to do the work to excell at life here.
                                • Re: Wal mart and 80 million

                                  Tue, June 12, 2007 - 2:50 PM
                                  lol... David, your question aimed at the capitalist in the group [while you are only able to count two] is quick and seems to have all of the necessary PC touchpoints, you fail to attribute the value of those 'privileged few' and their contribution to the 'whole'. Ownership of ideas and the implementation of those ideas are power and the attraction of those ideas do draw resources to those few. What you may want to ask is: What ideas of these priviledged few are you willing to do without? Are you willing to give up computers? Powergrids? Utilities? Food distribution? Any other consumables that you may desire?

                                  Hosts
                                  • Re: Wal mart and 80 million

                                    Tue, June 12, 2007 - 6:54 PM
                                    My goodness, you sure are quick to buy into the notion of merit, the idea that the rich are rich because they earned it.

                                    But in truth, the rich have largely *inherited* their wealth. Paris Hilton, who has been playing dumb so long she doesn't even know how to stop, is only the most egregious example. Most of the "idea" people aren't the "entrepreneurs" themselves that you worship but people who the entrepreneurs exploit.

                                    Consider several examples. How much did Ray Kroc pay McDonald? And how much did Kroc make after buying McDonald out such that McDonald didn't even have the rights to his own name? You, undoubtedly, nonetheless attribute the success of McDonald's in contributing to obesity, heart disease, and stroke risk throughout the world to Kroc.

                                    Venture capitalists figured prominently in the dot-com boom, with so much hype that companies formed without business plans just to attract venture capital. Of course it all rather rapidly went bust when the venture capitalists figured out that a lot of companies they'd invested in were bad investments. In the process, they took out several companies that actually did have reasonable prospects but whose venture capitalist-installed management ran into the ground, spending money like this was some kind of a party rather than some kind of a business.

                                    Multinational corporations are run by stockholder-elected boards of directors, largely consisting of major stockholders, people whose entire lives are devoted to investing money and earning billions from engineers and other idea people who may each make around $100,000 per year (if they're lucky).

                                    It isn't the real idea people you celebrate, but the people who have the money, and therefore the economic authority to run corporations. You thus subscribe to a notion of allowing managers to take credit for work they didn't do, and ideas they didn't even come up with, as if it were Bill Gates writing all that code, Steve Jobs designing all those products, or the board of General Electric designing nuclear weapons. You're simply being silly.
                                    • Re: Wal mart and 80 million

                                      Wed, June 13, 2007 - 8:12 AM
                                      Oh my... you have caused me to laugh.

                                      Before you make claims about how wealth is created and retained, I would recommend you peruse the annual Forbes list of richest people in the world. What you will quickly learn is that 90% of these people are self made. Only 10% is due to inheritance. But then again, if you actually had that type of information, you would not be able to make your pop-culture complaints about Paris Hilton or any other spoil brat that you follow.

                                      As for Ray Kroc, you made the silly assumption that McDonald's would have achieved their success with just the name. [If you believe that, I have a bridge in Brooklyn that you might be interested in.] McDonald's became successful because of WHAT Ray Kroc did. HE created the value in the name, the name it self could have been McDavid's or some other silly name. Sales, Marketing, Product development ... these are what creates BRANDS. Brands by themselves are without value UNTIL these other elements are employed to develop and create value.

                                      Given that you are anti-rich [therefore I can presume you to be poor] what difference does it make to you that a bunch of rich Venture Capitalist wasted money on the dot-com bust? I would think you would use that as an act of celebration. Besides, it did not cost you anything and they showed that they are sometimes as dumb as everyone else. If, on the other hand, you feel that you are infinitely more capable of deploying capital effectively... then my question to you is: What are you doing to build something of value that the consumer is wiling to expend money on? [Chances are... NOTHING.]

                                      Corporate ownership and the consolidation of wealth is a fact of life. You might like the socialist ideal of asset distribution. But that ideal was shown to be a failure. The wealthy are wealthy because they know how to attract wealth and retain it. The poor, for the most part, are poor because they don't know how to attract wealth and they are without doubt, not educated sufficiently to retain it.

                                      As for me personally celebrating the people with ideas? YES... I do. Your examples are fine. Yes, Steve Jobs... while working for National Semiconductor came up with the idea of building a personal computer. He was able to attract capital [from wealthy people] and to build a business and products that people bought. No, he does not need to design them personally. He role is to lead.

                                      Bill Gates, was an businessman from early childhood. He had created his own wealth by the time he was 16! No, he did not have to write the code all by him self. He need to have a vision. He did. He needed to have perserverence.... he did. Do you fault him for PAYING people to execute on that vision? Are you suggesting that those people who did execute on that vision were not compensated fairly? Were those same people willing to risk all... wages and reputation... on the off chance that they would succeed by themselves? Gates did.!

                                      General Electric has a Board of Directors, that are to LEAD the company. No, they are not the designers of their products. That would be a waste of their particular skill set. Like Steve and Bill... their job is to lead.

                                      Your comments about them, their visions, their leadership is myopic. I am sure you would also make the argument that the military Generals should be doing all of the fighting as well as what they do from a strategic and leadership position. While we can disagree about the purpose of war, I do believe that you can see that the role that Generals play is very specific and valuable.


                                      • Re: Wal mart and 80 million

                                        Wed, June 13, 2007 - 10:48 AM
                                        Hosts, the dot-com bust cost me plenty. It cost me the only jobs I've ever had where I actually felt that I was earning a living. It cost me much more than those venture capitalists who still have money to burn, much more than the founders of the companies I worked for who got paid off. I haven't been able to find gainful employment since, but there certainly are a lot of jobs--like Wal-Mart jobs--that don't pay rent.

                                        And before you make claims about how 90% of the Forbes list of richest people are "self made," you should review any introductory sociology textbook. _Essentials of Sociology_, for instance, by Anthony Giddens, Mitchell Duneier, and Richard P. Appelbaum (2006), "economists estimate that more than half the wealth that one accumulates in a a lifetime can be traced to a person's progenitors" (pg. 165). Actually, I've heard it is more like 70% to one's parents, and lower percentages to preceding generations. Pointing to the superrich, however, those folks on the Forbes list, raises another issue, clearly distinguishing humans from Vlad's animals: "The four hundred richest Americans are worth more than a trillion dollars--equal to almost one tenth the gross domestic product of the United States and only slightly less than the gross domestic product of China (Sklair, 1999)" (pg. 168).

                                        Accumulation like this goes well beyond hoarding; it is a manipulation that deprives others of the possibility of prosperity.

                                        You claim I "made the silly assumption that McDonald's would have achieved their success with just the name." I made no such assumption. The founder had an idea for fast food that others took from him. "Sales, Marketing, Product development ... these are what creates BRANDS. Brands by themselves are without value UNTIL these other elements are employed to develop and create value," you write. And who *does* the sales, marketing, and product development? Do you think it was Ray Kroc all by his lonesome? Get real.

                                        You ask, "What are you doing to build something of value that the consumer is wiling to expend money on? [Chances are... NOTHING.]" This actually gets to the crux of the problem. Because for you, money is the *only* value. You worship the rich, even when they have acquired their wealth parasitically, as every one of those Forbes' richest maggots have done.

                                        You proclaim, "Corporate ownership and the consolidation of wealth is a fact of life. You might like the socialist ideal of asset distribution. But that ideal was shown to be a failure." First, the socialist ideal of asset distribution has never been tried. The Soviet Union and People's Republic of China instituted regimes that were as uneven in their distribution of assets as any capitalist regime; the only real difference here was ownership by political elites as opposed to what in the west we artificially distinguish as corporate elites. In reality, corporate elites and political elites are indistinguishable; as a class they exchange positions all the time depending on which faction of our one party state is then in power.

                                        Second, the consolidation of wealth can itself be seen as a failure in that it deprives human beings of the essentials of life, essentials guaranteed them by the UN Universal Declaration of Human Rights, and logically enforceable in the United States by combination of inclusion of treaties (including, therefore, those that make the US a part of the UN) as the highest law of the land and the Ninth Amendment. I specifically refer to article 23:

                                        <quote>
                                        Article 23.

                                        (1) Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment.

                                        (2) Everyone, without any discrimination, has the right to equal pay for equal work.

                                        (3) Everyone who works has the right to just and favourable remuneration ensuring for himself and his family an existence worthy of human dignity, and supplemented, if necessary, by other means of social protection.

                                        (4) Everyone has the right to form and to join trade unions for the protection of his interests.
                                        </quote>

                                        Your precious capitalist system is a failure in that it fails to protect fundamental human rights.

                                        Meanwhile, you continue to confound "ideas" with those who manage to attract the wealth to implement them. Bill Gates was a spoiled rich kid who got booked into a New Mexico (if I recall correctly) jail for speeding in what was no poor person's car. His parents had plenty of money, more than they can use, illustrating once again the concept from the sociology text that wealth is largely inherited.

                                        You keep talking about how these people are able to attract investment. Do you *ever* consider the means by which they are able to attract that investment? Of course not. That would mean confronting a class divide so profound that some sociologists view it as apartheid, that prevents middle class and poor people from ever gaining access to investment. One of my professors in fact refers to a *war* on the working class, waged by the rich who are determined to keep them down. Predatory financing schemes are only the latest manifestation of that war.

                                        You imagine that these CEOs and others of their ilk are like generals who command armies. Perhaps that is so, but is their contribution *really* worth four hundred times that of the average worker? < money.cnn.com/2005/08/26/...omy/ceo_pay/ >

                                        <quote>
                                        The authors of "Executive Excess" note, too, the great disparity between the average defense CEO's pay � $11.6 million last year � and that of a military general with 20 years' experience, who makes $168,905. The average private, meanwhile, earns $24,278, including extra combat pay.
                                        </quote>

                                        Get real.
                                        • Re: Wal mart and 80 million

                                          Wed, June 13, 2007 - 12:24 PM
                                          I have not accused you of not being intelligent. You seem to operate on a high cognitive level.

                                          Your articulate, you have made some interesting points, and then you degenerate into a socialist rant that make you appear to be a left wing psycho. I do not feel compelled to address, point-by-point, your most recent rant. Short of God explaining to you where your logic and facts are wrong, I think you would still not believe, and I am not sure that God could convince you either!

                                          You need to also STOP blaming others for your shortcomings. You have outlined an excuse for everything YOU have failed to achieve. Your latest rant is: Lets blame everyone else. Lets blame the rich. Lets blame the large companies. Lets blame the venture capitalist. Lets blame everyone else. Lets take no personal responsibility..... Yeah... lets blame the entire world.... or at least the world that is WORKING to make things better.

                                          If you were once employed by some of these dot-com companies, it shows you do have marketable skills. Why is it that 7 years LATER you find your only choice is to work at Wal-Mart or flip burgers at McDonald's.

                                          Hosts
                                          • Re: Wal mart and 80 million

                                            Wed, June 13, 2007 - 4:29 PM
                                            Hosts, I suppose I should not be surprised that you resort to a false dichotomy with amazing speed; it is a sign of flawed thinking. Because I assign blame to capitalism and big corporations, you assume I accept no blame for myself.

                                            But in fact I can't accept blame. Following the dot-com bust, I returned to a similar condition prior to getting sucked in, except that the economy was now substantially worse. I was sucked in because venture capitalists were pushing dot-com growth at an unsustainable rate; at the time I was hired, they were hiring anyone who was breathing, and it didn't last long. That does not mean my skills are marketable. And it certainly does not mean my skills are sufficient to overcome what is now six years of hell in low-wage jobs that are the only jobs I've been able to find in the eyes of human resources folks who remain under siege from tons of resumes from people of similar skill sets.

                                            Furthermore, I have been noticing a pattern in this country. It's been going on pretty much since Reagan came to power. Whenever the labor market demands "real" workers for jobs that don't involve the production of hot air, like sales and marketing, those jobs very rapidly get exported overseas. This is a fundamental problem with capitalism in the modern era, that money has inherently greater mobility than labor. I can't help that I can't live on $20,000 per year. And there's nothing I can do about the fact that corporations can export those jobs to places where it is possible to even live well on $20,000 per year. And it means that the idea that in the capitalist notion of efficiency, I should retool, gain new skills, to make myself marketable in this economy is foolish; I would have to return to school on average once every eight years, each time for four years, racking up yet more student loan debt, to acquire a degree in a field which, if I'm lucky, might keep me gainfully employed for two years.

                                            So I returned to school, where in short order I started getting a grasp on what had been happening to me, and not just to me.

                                            But you would excuse capitalism and big corporations just to make me shoulder the blame. You obscure the environmental, social, and labor exploitation that is permitted and even encouraged overseas in the name of competition and "free trade," conditions which I not only don't want to "compete" under, but which I would regard as unethical to compete under.

                                            But for you, money is the *only* value. The supreme capitalist value is return on investment, expressed strictly in monetary terms. Nothing else matters.

                                            I have defended my logic; it is you who have failed to defend yours. And this latest rant of yours is merely an attempt to divert attention from a problem that is far from being mine alone.
                                            • The Truth Comes Out About Offshoring

                                              Wed, June 13, 2007 - 7:30 PM
                                              And now for an opinion from a conservative economist, not a raving wild-eyed liberal like how you capitalists view me:

                                              < www.informationclearinghouse.info/a...tm >
                                              <quote>
                                              The Truth Comes Out About Offshoring

                                              By Paul Craig Roberts

                                              06/13/07 "ICH" --- -- On January 6, 2004, Senator Charles Schumer (D, NY) and I scandalized the economics profession and Washington policymakers with our New York Times article, “Second Thoughts on Free Trade.” We noted that the two conditions on which the case for free trade rests no longer exist in the present-day world and that there was no basis for the assumption that offshoring of US jobs was beneficial overall to Americans.

                                              The Brookings Institution in Washington, D.C., organized a conference, televised by C-Span, to subject our argument to peer review, and we easily dominated the conference.

                                              Business Week (March 22, 2004) was receptive to a column from me explaining the adverse effects of offshoring, and Tim Aeppel at the Wall Street Journal organized an online debate between myself and Columbia University trade theorist Jagdish Bhagwati.

                                              Aeppel hoped to test the validity of my points in the crucible of debate with a leading academic proponent of offshoring. However, Bhagwati evaded my argument and threatened to withdraw his participation if my reference to the latest work in trade theory by Ralph Gomory and William Baumol was included in the edited version of our debate in the Wall Street Journal (May 10, 2004). In Global Trade and Conflicting National Interests published in 2000 by the M.I.T. Press, Gomory and Baumol show that the case for free trade is a special case and had never been one of general validity. Their criticism is more far-reaching than the one made by me and Senator Schumer.

                                              Professor Bhagwati’s skill in evading my argument told most people who read the edited version of our debate that he could not answer me. Obviously, all was not well with the establishment’s contentment with offshoring and “globalism.”

                                              Paul Samuelson, in many respects the dean of American economists, wrote an article supportive of Gomory and Baumol’s work. But nothing happened. Economists simply closed ranks and ignored the points that I brought to their attention as well as the latest work in trade theory. Libertarian free trade ideologues got upset with me. Unable to deny that the case for free trade had lost its necessary foundations, libertarians reduced the issue to one of economic freedom and concluded that I was impure.

                                              Since 2004 I have written a number of articles pointing out that offshoring is really labor arbitrage and that if offshoring had the mutual economic benefits associated with free trade, there would be US employment growth in export and import-competitive industries. Instead, employment in these industries has declined in the US but grown remarkably in Asia. In the 21st century the US economy has been able to create net new jobs only in nontradable domestic services, such as waitresses and bartenders and health and social services. Moreover, the growth in productivity and GDP attributed to the US economy were inconsistent with the stagnant real incomes of Americans. Somehow productivity and GDP were growing strongly, but it wasn’t showing up in the incomes of Americans.

                                              Economists have found it difficult to think about the issues that I have raised. Economists are taught that free trade is a good thing and that anyone who disputes it is a protectionist in the pay of some industry scheming to raise prices that consumers have to pay. The notion that there could be any problem with free trade is beyond the imagination of most economists.

                                              In addition to their unexamined commitment to free trade, economists disbelieved my analysis because they thought it was inconsistent with statistics indicating high US productivity and GDP growth. They thought GDP and productivity statistics trumped my use of job data.

                                              All of this may be about to change. Susan N. Houseman, a good but previously obscure economist with the Upjohn Institute, has discovered a problem in the statistical data that produces phantom US GDP. Phantom GDP results when cost reductions achieved by US firms shifting production offshore are miscounted as US GDP growth. Phantom productivity increases occur when gains from moving design, research and development offshore are counted as increases in US productivity. Obviously, production and productivity that take place abroad are not part of our domestic economy.

                                              Business Week’s June 18 cover story by MIchael Mandel explains the problem identified by Houseman. Economist Matthew J. Slaughter, a proponent of offshoring, says: “There are potentially big implications. I worry about how pervasive this is.” Business Week says the implications are big. The cover story estimates that 40% of the gain in US manufacturing output since 2003 is phantom GDP.

                                              Most likely that estimate is low. Consider, for example, that furniture imports have doubled in the past few years (offshored production counts as imports) while US jobs in furniture manufacture have declined 21%. US statistics, however, show that US output and productivity rose even as US manufacturers closed their plants and no new investment went into the industry.

                                              My hat is off to Business Week. It requires courage for a publication dependent on advertising from global corporations to tell the truth about offshoring.

                                              Dr. Roberts is an economist who has held numerous university appointments and served as Assistant Secretary of the US Treasury.
                                              </quote>
                                            • $20k living wage?

                                              Wed, June 13, 2007 - 10:31 PM
                                              Unlike in collectivist societies, we have freedom of choice
                                              regarding place of residence. It is a well known fact that
                                              California in general and Bay Area cities are rather expensive
                                              places to live. Costal cities in general.

                                              I know for a fact that you can live very comfortably on $20k
                                              in Bluff, Utah and many places in Oklahoma too. Oh wait,
                                              nobody there to kvetch to-- and no reason to. Just open skies,
                                              pure water, mountain vistas; no evil VCs, big corporations
                                              or rich people.
                                            • Re: Wal mart and 80 million

                                              Wed, June 13, 2007 - 10:56 PM
                                              [quote]Following the dot-com bust, I returned to a similar condition prior to getting sucked in, except that the economy was now substantially worse. I was sucked in because venture capitalists were pushing dot-com growth at an unsustainable rate;[/quote]

                                              Oh cry me a river, you're pathetic.

                                              [quote]at the time I was hired, they were hiring anyone who was breathing, and it didn't last long.[/quote]

                                              That isnt surprising, and explains much. Why blame the capitalist system for your inability to adapt to the realities of the market place. I've not always had the ideal jobs but you work whats available, spend and save wisely and with a little luck and a lot of hard work you get to enjoy the fruits of your labours... at least until some failed hippy starts crying because "life wasn't fair to him" and tries to use the muscle of government to steal from you what you've earned through hard work, sacrifice, and good judgement.

                                              I can't respond to you anymore David, it just seems hopeless. Wallow in your self pity or don't but what ever you do STAY OUT OF MY POCKET!!!!
                                            • Re: Wal mart and 80 million

                                              Thu, June 14, 2007 - 6:42 AM
                                              Yes, you have made a qualified defense of your logic, no matter how flawed that logic is.

                                              Simply because you are able to make certain statements does not make the factual. Listen to words you use in your comments: 'sucked in', 'under siege', 'I can't help it', 'supreme capitalist' . You have subjecuated yourself to failure.

                                              Your right, you will not succeed. You have nothing to offer our society. Your skill set does not contribute anything of value to our economy. Your warped views of our society, culture, and economic creation are DEAD ON FOR YOU. Blame everyone. Blame politics. Blame companies. Blame our educational system. Blame the competitive nature of our new world economy. Please, continue your rants against everyone and everything... god knows, in your world, you are absolutely correct.

                                              You... you have done everything possible to be a drain on our society. I personally would vote to have money sent to you to just placate your pain. You are obviously intelligent and capable, but the entire world is aligned against you and your success, [then again, I am not sure you seek success].

                                              Separately, i was perusing your profile. Again, you appear to be highly intelligent, and it surprises me that you have denigrated into a cycle of hopelessness and despair. However.... I was intrigued by your political compass chart. [It does not surprise me that you fell on the extream libertarian and left.] The link below your pic directed me to the site that you used to create it. I completed the questionnaire, and have posted my chart in my public photos.
                                              • Re: Wal mart and 80 million

                                                Thu, June 14, 2007 - 8:20 AM
                                                [quote]The link below your pic directed me to the site that you used to create it. I completed the questionnaire, and have posted my chart in my public photos.[/quote]

                                                Ok, I took it too. I decided not to post the results, for while they weren't far off, I kept finding myself wanting to put additional qualifiers on the questions. For instance the compulsory classroom attendance for students. Yes I think the state has a right to demand a basic education for its public, do I think that it should be only in the public indoctrination centers that pass for public schools today? Not only no but, HELL NO!!!

                                                I understand it was just trying to get an idea of over all leanings but how you ask the question can be so important. Take the gay marriage issue. Ask me if I support gay marriage and I'll tell you no. Ask me if I think gay marriage should have the same treatment under the law as straight marriage does and I'll tell you yes. I'm all about equal treatment under the law, but am opposed to the government defining a religious institution like marriage. It would be better in my opinion to no longer accept straight marriage but instead require everyone wishing those rights to be a "domestic corporation" with specific rights, privileges, and responsibilities, all spelled out up front in a contract style. The problem we have is that in our soundbyte culture we're no longer asking the right questions, and then crying because the answers we get aren't satisfactory.
                                                • Re: Wal mart and 80 million

                                                  Thu, June 14, 2007 - 10:08 AM
                                                  Vlad, one place I'll agree with you is that the political compass questions leave something to be desired. It is, for instance, difficult to know how to answer a question about state support for the arts when one is an anarchist. That's because it's a triple-headed question. The first implicit question is whether one values the arts; capitalists here will limit their value to market value, which undermines the entire concept of artistic value. The second implicit question is whether the state should even exist, a question never asked in the political compass questions. Yet we are only asked whether the state (whose value is unquestioned) should support the arts (without clarifying one's attitude toward the arts).

                                                  The issue of artistic value, as distinct from market value, hints at another problem that limits the (correction) three rabid capitalists' thinking here.

                                                  I value ideas and I challenge the status quo. But the status quo derives its power from the interests of the wealthy, who have, through our system of education and mass media, including college, trained the young to be cogs in the corporate wheel, exploited as laborers, pacified with a consumerist fantasy that they too can be rich. It is what I call the myth of unlimited opportunity, that anyone in this country, with talent and hard work, can succeed.

                                                  But the sociological evidence is that class mobility is rather limited. Because access to capital is limited--and none of you faithful capitalists have addressed the class division issue that limits access to capital--even those in the middle class who start their own businesses and put in twenty hours a day marketing and administering them can mostly look forward to just more of the same. It is a hard scramble, just to stay even.

                                                  Evidence from the Labor Department that you capitalists also prefer to ignore is that wages are at best keeping even while the rich have become dramatically richer. In fact, as manufacturing and high technology jobs have left the country, wages have declined, rather precipitously. And the only jobs being created in this country are in the low-paid service sector. And guess what? If you move to lower cost parts of the country, these wages only go down. But you don't address how an economy can sustain itself by limiting to fewer and fewer people the means to acquire the necessities of life, let alone how it can sustain itself by importing goods that fewer and fewer can afford to buy. Both Alan Greenspan and Ben Bernanke have recognized the growing gap between rich and poor as a threat to "capitalist democracy;" they call it unsustainable. But I guess it's okay with you folks.

                                                  You capitalists must be quite wealthy. Because you expect people to work hard and to save their money, as if they weren't already working hard, in some cases two and three jobs just to pay their bills, and as if doing so would leave enough money to save enough to risk it all starting up their own business. You can't imagine the condition of not having enough money. For you, it would be the ultimate in irresponsibility to wind up homeless and on the streets. But most people are just two paychecks away from just that condition. For you, I guess that's okay.

                                                  The apparent prosperity in this country in recent years has largely been based on consumer spending, with the money coming from second mortgages, in an arrangement that can only continue as long as home prices continue to rise. I mentioned predatory financing; the subprime mortgage industry is only one aspect of predatory financing, and now there is a glut of foreclosed homes that the banks can't sell, creating serious problems in the housing market. It hasn't happened yet, but if housing prices fail to recover, consumer spending will be cut off like someone closing a valve. But you haven't addressed this point either.

                                                  The other place I'll agree with at least one of the capitalists here is that our education system serves a propaganda function rather than an education function. Each day, for instance, students begin by reciting the pledge of allegiance that obscures the class structure of society. Horrific incidents in US history are glossed over, allowing children to think a brutal imperialist history of at least five hundred years (really depending on how you count) is somehow okay. In this frame, it is somehow okay that we committed genocide against the Indians, appropriated one third of Mexico's territory (after provoking the Mexican American War), failed to suppress the Philippines (as we later did in Vietnam and now in Iraq), instigated coups in Hawaii, Iraq, Chile, and who knows how many other places.

                                                  But it's been good for business. You have acquired so much prosperity by appropriating the resources of people throughout the world. Even Iraq's puppet government parliament won't agree to sell out the country's oil to multinationals, but the passage of this law is one of the criteria agreed on by both factions in the US one-party system for evaluating Iraq's progress towards self-government. You capitalists claim that your system promises equality of opportunity, but in reality, it functions by robbing the labor and the resources of others, just as it did in the mercantile system. You haven't answered that either.

                                                  And lastly, you still haven't answered my original question: How is it that an arbitrary claim to property ever became a rational basis for exercising control over others? Instead, you simply endorse it, even as it deprives people of fundamental human rights.

                                                  When I was invited to this forum, "Alternative Money and Economics," I thought that it would not be a forum for rationalizing the same old economic values. But mostly what I'm hearing here is a rationalization for slavery, and social and environmental catastrophe, the ultimate destination in a race to the bottom. I would certainly like to hear from someone besides those who think they're men enough for a "law of the jungle" economic system.
                                              • Re: Wal mart and 80 million

                                                Thu, June 14, 2007 - 9:25 AM
                                                [It does not surprise me that you fell on the extream libertarian and left.]

                                                Dear Hosts, I concur with your comments with one eception: I would ask that in the future that you do not denigrate the term, Libertarian so. It's a glorious life to be a Libertarian. As I'm sure your aware one may be Libertarian with fiscal responsiblities. I would have suspected you to have libertarian leanings. (chuckling to self)
                                                • Real Libertarians

                                                  Thu, June 14, 2007 - 10:26 AM
                                                  Libertarian is a beautiful thing, but the name is a modern invention.
                                                  We used to be called LIBERALS. We used to be the progressives
                                                  and free thinkers who questioned the Powers of Kings, Priests
                                                  and hereditary Nobility to run our lives for us. Liberals founded
                                                  this most progressive of all countries. Sadly we no longer live up
                                                  to the Constitution and Statists both right and left are doing everything
                                                  in their power to undermine individual self determination, individual right
                                                  of ownership, and rule of law.

                                                  The old fashioned Statists, Kings, Priests, Socialists usurped
                                                  the term Liberal in the same way that the Religious Right stormed
                                                  the citidel of consevatism (the country clubs) and took over the their
                                                  venerable intention to preseve everything of value.

                                                  But the most beautiful thing about Libertarians is that when we join
                                                  the LP we sign an oath saying that we do not accept the use of force
                                                  to accomplish social gains. We are true to our word.
                                                  • Re: Real Libertarians

                                                    Thu, June 14, 2007 - 10:40 AM
                                                    Mark, you claim you do not accept the use of force to achieve social goals, but when the alternative to labor exploitation is a life-threatening condition of homelessness and starvation, you in fact coerce compliance.

                                                    You were never liberal or progressive. Liberals and progressives sought to balance the power of the capitalist class with power for the working class; you rebel against all this as government interference. Liberals and progressives would hold you to account for the social and environmental costs of your actions, but you object only to welfare for the poor. Liberals and progressives understand that freedom means more than the ability to exploit one's fellow humans, but you were content with limiting public discourse to those with wealth and influence, who can afford to publish or broadcast their views. Liberals and progressives understand that dignity is a human right, but for you, dignity only accrues in a monetary return on investment.

                                                    Capitalist libertarians, like all capitalists, seek simply to preserve the advantages of the status quo for the wealthy, while discarding any sense of responsibility that they have toward others.
                                                  • Re: Real Libertarians

                                                    Thu, June 14, 2007 - 4:37 PM
                                                    [quote]But the most beautiful thing about Libertarians is that when we join
                                                    the LP we sign an oath saying that we do not accept the use of force
                                                    to accomplish social gains. We are true to our word.[/quote]

                                                    It is also the downfall of Libertarians. The hesitancy to use force also translates into a reluctance to defend one's rights against those who would use force, coersion, and fraud against us.

                                                    Actually I think a constitutional monarchy may well be an ideal form of government. As long as the rights of the individual are protected and the responsiblities of both the governing and the governed are maintained by rule of law, then an aristocracy isn't all bad.
                                                • Re: Wal mart and 80 million

                                                  Thu, June 14, 2007 - 10:28 AM
                                                  Ct, it is important to understand that there are two kinds of libertarian, as the political compass indicates. One kind of libertarian is the kind we see in the US and Britain, the capitalist libertarian who objects vociferously to political hierarchy yet accepts economic hierarchy as an unchallengeable law of nature. The other kind of libertarian, the socialist libertarian challenges all hierarchy, but continues to accept a role of government. Anarchism, on the other hand, repudiates all illegitimate authority, distinguishing between legitimacy and illegitimacy on the basis of utility.

                                                  I see government, along with capitalism, as a hindrance to human development towards the best characteristics of humanity, these being empathy, compassion, and cooperation; these are values that are incompatible with purported virtues of competition.
                                                  • Re: Wal mart and 80 million

                                                    Thu, June 14, 2007 - 10:31 AM
                                                    Captialism is Cooperation.
                                                    No statement to the contrary
                                                    can deny the fact.
                                                    • Re: Wal mart and 80 million

                                                      Thu, June 14, 2007 - 10:43 AM
                                                      Mark, it is a shame that George Orwell, having written such a prescient book, now has his name attached to a particular form of discourse that you engage in. It is Orwellian language to speak of competition as cooperation. It is Orwellian language to speak of coercion as cooperation. It is Orwellian language to speak of capitalism as freedom. And it is certainly Orwellian language to speak of capitalism as cooperation.
                                                      • Re: Wal mart and 80 million

                                                        Thu, June 14, 2007 - 6:36 PM
                                                        You are the one alleging that coercion equals cooperation.
                                                        There is simply no force involved in a voluntary exchange.
                                                        Only when unions and governments enforce the intrests
                                                        of paricular parties is there coercion. Your Democratic-
                                                        Socialist -Anarcho-Trotskyist Comrade, George Orwell,
                                                        was forced by the facts to accept Friedrich Hayek's
                                                        thesis in Road to Serfdom that collectivism will always
                                                        become totalitarian. Genuine free markets without
                                                        coercion never do. There is simply no such thing as
                                                        a class, a race, that could have at right or be exploited.
                                                        Only individuals have rights, that is the Liberal stance.
                                                        You can cry "unfair" all you like but "themz the faktz."
                                                        • Re: Wal mart and 80 million

                                                          Sat, June 16, 2007 - 7:33 PM
                                                          Mark, you assume that the exchanges that occur under a capitalist regime are voluntary. I argue that when the choice is between accepting an exploitive job and starvation and homeless, this is a choice that occurs under duress. It is not at all a voluntary exchange, but one which is coerced.

                                                          And, as has become increasingly clear, exploitive jobs are the only jobs being created in this economy. They are jobs that no one would take, if they had any other choice.

                                                          Whatever the outcome of my untested ideas, we already have totalitarianism, but a totalitarianism that serves the interests of all who have the power (money) to make themselves heard. It seems to me that as a species, we should strive to do better, to recognize that the concept of scarcity that rationalizes exchange is an inherently oppressive concept, that as a species, we don't need to exchange but to share -- our efforts, our resources, and our ideas.

                                                          The capitalist idea that the pursuit of self-interest can advance the common interest has never made sense, and the experience of unfettered capitalism, or at least as close to unfettered capitalism as anyone would dare to try, has always been murderous, and cannot in fact be anything other than murderous. Property is murder to one who has no place to sleep or food to eat, just as building a fence along the Mexican border can only increase the death rate amongst those, who have lost their livelihoods under NAFTA, desperate enough to come here. Yet we have ever more homeless on the streets, especially, I see, among returning Iraq War veterans (their Vietnam war predecessors took more like nine years to wind up on the streets, but we're so much more efficient today).

                                                          You write, "Genuine free markets without coercion never do. There is simply no such thing as a class, a race, that could have at right or be exploited." And this merely reveals your own schizophrenia; in the first sentence, you acknowledge that coercion is necessary to the operation of the "free" marketplace, and in the second, you feign an ignorance of the power relationships involved. Yet you profit from those power relationships; it is the working class the cleans your streets, takes out your garbage, serves your fast food meals, and works in the stores that offer you cheap prices so you can acquire yet more property, while the workers who provide you with these services that enhance your lifestyle often must work two and three jobs, so you can bask in excess.

                                                          It is a childhood lesson that one should share and play nice, one that is forgotten and belittled in the capitalist competition to acquire more than one can possibly need and to exploit others for every penny one can get. You are rather the bully in the sandbox, but you imagine yourself as king of the mountain. You are a fool.

                                                          And yes, I call you a fool, despite whatever material success you may have achieved. Because material success is not the measure of a human being; it is instead a measure of small-mindedness, greed, and arrogance. It is the measure instead of a laboratory rat in an overpopulation experiment.
                                                          • A string of Absurd Assertions

                                                            Sat, June 16, 2007 - 9:44 PM
                                                            David:

                                                            You have never even once presented a line of logic.
                                                            You have only ever parroted tried old socialist bromides and pious plattitudes.
                                                            You remind me of "true believers" of the fundamentalist variety we see
                                                            pitching their bible verses on street corners. They assume that "in the bible"
                                                            is all the logic that is necessary to support their assertions. They simply
                                                            pile up the verses in any old order without even trying to make any sense to
                                                            anybody but themselves. They flatter themselves as scholars. They attack
                                                            any position that doesn't concur with theirs.

                                                            Here's what's missing: There is no such thing as a capitalist regime. Captialism
                                                            is an economic system, not a political one. You allege that your only choice is
                                                            between starvation and starvation. You ignored my previous suggestion that you
                                                            relocate to Utah, West Virginia-- or better yet Cuba, or Zimbabwe. You ignore the
                                                            inconvenent fact that when I form a company, the jobs that are created pay the highest wages to the most qualified people. Maybe you can't do what my IP attorney can do? You always have the freedom to upgrade your skills to such a degree that you get to set your own wage.

                                                            NAFTA extends opportunity beyond the borders Of USA. Franky, there should be
                                                            free trade throughout the whole world. No free market economist would support
                                                            a middle east war to coerce oil revenues from middle easterners. In a free economy there's no need to steal oil.

                                                            Do you even know what civil sevants are paid? I do. I was at one time a union
                                                            member in the public sector. Bus drivers, Police, Firefighters and teachers do
                                                            not need to work two and three jobs. Their basic salary is quite good. They line
                                                            up for overtime. I took every bit of overtime I could get and invested every cent.
                                                            That's in addition to the 15% I took off the top to invest (after my coerced union
                                                            dues and fees that were as much as the taxes). I also donated to my favorite
                                                            Buddhist temple and still had enough to live very nicely in Silicon Valley.

                                                            I don't know what planet you live on. I can assure you I'm not a laboratory rat.
                                                            I never said that wealth was THE measure of a man, it's only one. The measure
                                                            we discuss in a tribe dedicated to economics and money. I talk religion in religious
                                                            tribes and healthcare in healthcare tribes.

                                                            My alleged foolish schizophrenia is grounded in the logic of two Nobel Laureats:
                                                            Hayek (1974) and Friedman (1976). Who else? Ludwig Von Mises, Israel Kirzner,
                                                            Hans Senholz, Bernard Lietear, Henry Hazlitt, Frederic Bastiat. Maybe you should
                                                            instruct them, since your plattitudes trump their reason.
                                                            • Re: A string of Absurd Assertions

                                                              Sun, June 17, 2007 - 8:33 PM
                                                              Mark writes, "There is no such thing as a capitalist regime. Captialism is an economic system, not a political one."

                                                              But when the economic elites are the same people as the political elites, what's the difference? There is one elite class in this country, which combines economic and political power to protect its position.

                                                              You write, "You ignored my previous suggestion that you relocate to Utah, West Virginia-- or better yet Cuba, or Zimbabwe." And you miss the point. I shouldn't have to move. I've lived in this area longer than most of these capitalists who have exported all the jobs. Further, you assume that the jobs would be available to me in these places. You ignore how much it would cost me to move, how much it would cost me to learn the language in Cuba or Zimbabwe. Finally, for someone who complains about "'true believers' of the fundamentalist variety," you ignore the social cost of having to move to an area, such as Utah or West Virginia, rife with just those sorts of people.

                                                              And when I get there, the capitalists can just export the jobs again, driving wages down yet further. This is inevitably a losing game for me. And you complain because I reject rules that are stacked against me and everyone else outside the wealthiest classes.

                                                              You claim that when you "form a company, the jobs that are created pay the highest wages to the most qualified people." Nonsense. You pay the lowest wages you can get away with, and if you do anything else, you are failing in your fiduciary duty to your stockholders.

                                                              You write, "You always have the freedom to upgrade your skills to such a degree that you get to set your own wage." Nonsense, again. Three times since Ronald Reagan came to power, we have had recessions so severe that job growth hasn't merely failed to keep up with population growth, it has actually gone negative. This is what produces long-term unemployment, and it happens as each industry exports its jobs overseas. I would have to return to school, on average every eight and a fraction years to "upgrade [my] skills," for a job that would last maybe two years, incurring yet more student loan debt every time. Oh, but that little fact of life simply doesn't fit in with your ideology.

                                                              You write, "NAFTA extends opportunity beyond the borders Of USA. Franky, there should be free trade throughout the whole world. No free market economist would support a middle east war to coerce oil revenues from middle easterners. In a free economy there's no need to steal oil." And you ignore the article I posted from a conservative economist which makes it quite clear that "free trade" is a losing deal for workers in the US. Moreover, NAFTA has destroyed many farmers' livelihoods even beyond the reach of the NAFTA area. Your claim that "there's no need to steal oil" ignores the sheer greed, upon which capitalism relies for its motivation, that, just as in the present setting, encourages elites to do so, and ignores the inevitability of elites with power to do so in a capitalist system. Capitalism is inherently a criminal system; it relies on government regulation in order to restrain its criminal excesses.

                                                              Yes, I'm well aware of what civil servants are paid. It isn't that wonderful by current standards; civil servants often relinquish an opportunity for higher pay in the private sector for job security in the public sector. In a setting where a minimum living wage is $50,000 per year, these salaries look a lot less spectacular.

                                                              And when you finally get around to citing sources, you fail to reconcile contradictory statements. So, schizophrenia, it remains. You function from willful ignorance, limiting your sources to economists, while ignoring the huge social and environmental costs of this "economic" system.

                                                              And you have *never* actually addressed these social and environmental costs. You have *never* addressed the power relationships that are involved. And yet you have the nerve to pretend that I am the one functioning from ideology. Answer the arguments, if you can, but I understand from your failure to do so, so far, that you can not, and more words like this will change nothing.
                                                              • Re: A string of Absurd Assertions

                                                                Mon, June 18, 2007 - 6:07 AM
                                                                David and Mark.... realize that you will NEVER convince the other as to your interpretations of the fact. To have a discussion where you are able to influence another person, you must first begin with agreement to certain facts. Since you don't share agreement on them, these discussions are going to go nowhere. They are fun because they flame the passions of our beliefs, but useless because the orientation of the other will never be changed.

                                                                David is far to the left and Mark you are to the right.

                                                                Hosts
                                                                • Re: A string of Absurd Assertions

                                                                  Mon, June 18, 2007 - 9:02 AM
                                                                  I'm with you hosts,

                                                                  I'm thinking the same thing. At first I think "I should
                                                                  let ideology slide?" But It's completely clear that
                                                                  David doesn't want to be confused by facts. He sees
                                                                  himself enslaved and all information gets colored that way.
                                                                  He's simply entited to whatever wage he things he is wherever
                                                                  he happens to be. Here in the USA the entire westward migration
                                                                  happend because people wanted to escape the competion
                                                                  or pursue the opportunity. David insists that it come to him.
                                                                  I wish him luck.
                                                                • Re: A string of Absurd Assertions

                                                                  Mon, June 18, 2007 - 9:18 AM
                                                                  Hosts, your point here is well taken.

                                                                  What such conversations do illuminate however, is that capitalism as a system isn't so empirically grounded as its proponents like to pretend; that it, in fact, is based on an ideology that demands the exclusion of any countervailing evidence or arguments. While I have tried to answer all of Mark's objections, he has merely claimed my logic is faulty without actually explicating its faults, and he has ignored all of capitalism's adverse social and environmental effects, while trying to treat economics in isolation from social concerns in general. This is myopic in the extreme.
                      • Re: Wal mart and 80 million

                        Wed, June 13, 2007 - 8:24 AM
                        Wow... what a socialistic view of the world. You have completely lost sight of the facts. The prior author was providing them to you for the purpose of comparative analysis. What you have done is to suggest that measurements that exist outside of YOUR mind are of no value to YOUR arguements.

                        As for your cartoonist view of the role of Central Banks, corporations and racism, may i suggest you run back to your propaganda run educational system to continue to mantras of conspiracy and evil corporations. I am sure that you will find peace and harmony there.
  • Re: Wal mart and 80 million

    Sat, June 9, 2007 - 10:52 PM
    God, *B* you really need to be reading history. I can't believe there are still tnese notions out there. What motivates you to this ideal?
    • Re: Wal mart and 80 million

      Sun, June 10, 2007 - 11:23 AM
      What we need to understand is why it is that an arbitrary declaration of "ownership" of resources, inherently privileging a few at the expense of the many, is a rational basis for power.
    • Re: Wal mart and 80 million

      Sun, June 10, 2007 - 5:34 PM
      [quote]God, *B* you really need to be reading history. I can't believe there are still tnese notions out there. What motivates you to this ideal?[/quote]

      You'll find there are a lot of commies that hang out around here. Reason is beyond them, so just let them rant until you just can't stand it no more and have to make a comment. After you've blown off a little steam and injected some reason you can go back to mostly ignoring them. At least that's what works for me.
  • Re: Wal mart and 80 million

    Tue, June 12, 2007 - 2:43 PM
    I appreciate your scarasm... but the reason they [the customers of Wal Mart] buy those chinese products is because they are CHEAPER AND are of the SAME QUALITY of american produced products. While it is intersting that Wal-Mart has addressed this particular market need, what is more interesting is that with all of the huge financial institutions in America., that Wal-Mart is the one to target the 25% of our economy that is not being served properly.

    Hosts
    • B
      B
      offline 121

      Re: Wal mart and 80 million

      Tue, June 12, 2007 - 10:12 PM
      <So the real question is, are the people who've paid for the land going to be the owners of it? Or are we going to let politician have defacto monopoly over all land everywhere in a nation with no other alternative for the people to turn to?>

      ou have described the situation in the US today. Any land owner or developer will tell you they do not really own the land because it is the building department and the county that will tell you what you can and can not do with your land. After that the state then the EPA. Ownership is a farce in this country like in every other country. You buy something only to have the courts tell you, you can not make a copy because the intellectual property is owned by a corporation. You buy land and you can not develop it because your ideas do not fall within the master plan of the county. The list goes on. You need some r/l experience and research to add to your snarky comments.
      • Re: Wal mart and 80 million

        Wed, June 13, 2007 - 7:47 AM
        You like to jump all over on this discussion. Land use? Land development? Land ownership?

        This has what to do with Wal-Mart? This has what to do with their banking program [which you used to start this thread].

        I find that those WITHOUT supporting facts like to jump all over the place. You, my friend, have no facts for your emotional rants. You are even unsure of the political discussions, and their meaning, that you sometimes allude to. My personal recommendation is that you take a moment, and listen and learn.

        Just because your mouth can spout off nonsense, or your fingers for this online community, does not mean you should.

        Hosts
    • B
      B
      offline 121

      Re: Wal mart and 80 million

      Tue, June 12, 2007 - 10:13 PM
      <the reason they [the customers of Wal Mart] buy those chinese products is because they are CHEAPER AND are of the SAME QUALITY of american produced products.>

      Now that is a joke.
      • Re: Wal mart and 80 million

        Wed, June 13, 2007 - 7:38 AM
        I see that you have not visited a Wal-Mart recently. In fact, you may have never visited a Wal-Mart. As for quality.... I trust American consumers [those who use their own money to buy stuff] as the measure of the quality of those Wal-Mart products. You see, unlike you, they spend their money only when they have done a cost/benefit analysis. Only then do they part with it. You on the other hand are willing to overlook the MILLIONS of people who purchase products there. You are willing to overlook the vast and complicated delivery and network that Wal-Mart has produced to even squeeze more savings into their products. You... you have bought into the liberal view of the economy and that of Wal-Mart. You can like or dislike Wal-Mart, but by the only measure that counts... money... they are more successful and productive member of our economy than any other company that you could name.

        Hosts
        • Re: Wal mart and 80 million

          Wed, June 13, 2007 - 10:05 AM
          Hosts, but more than anything else, it has to do with how they squeeze workers around the world to achieve those savings, putting to rest any notion of any sense of equity in the power relationships between workers and capital. That doesn't sound so bad to capitalists until you point out that according to their own theories of how the marketplace is supposed to function, everyone is supposed to have freedom to agree or disagree to deals. Wal-Mart jobs are not jobs people would choose except when alternatives--like starvation, homelessness, or farm labor--are worse.
          • Re: Wal mart and 80 million

            Wed, June 13, 2007 - 12:35 PM
            David... we can disagree on the way we view how Wal-Mart treats their employees. I believe that some [a very very very small minority] could make an argument how they are squeezed by the marketplace, and how it is unfair to them. But that small minority does not represent the larger majority. It does not portend to represent the conditions for the VAST MAJORITY of their workers. But your continual harping on the inequity of the market place misses the point. Our capitalist system is bent on OFFERING equal opportunity... NOT equal outcome.

            The marketplace decides how to compensate people. Not you. The market place determines a persons value and rewards [pays] them accordingly. You can like it or not. It does not change it. If you are so concerned about the few, those precious few, that dislike working at Wal-Mart, then i would HIGHLY SUGGEST that you create employment opportunities for them to earn more. Just make sure that you have a marketable product, that is competitive in the economy, and you deliver it will professional aplomb. Short of a successful business model, those precious few will soon be unemployed when your company goes under, and they will wish they would have remained at their Wal-Mart jobs.

            The marketplace is cruel. It may appear to be unjust, but it is fair in that we can bend it to our will. If we find that we are unable to bend it, then we must look to ourselves and ask why? Then and only then are we able to truly address the marketplace.

            Hosts

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