Archive for the 'Capitalism' Category

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Monday, January 17th, 2011

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Tuesday, December 21st, 2010

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Monday, December 6th, 2010

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I guess we all missed a terrific opportunity.

Tuesday, October 12th, 2010

From the AP (via Atrios): In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage servicing departments hired hair stylists, Walmart floor workers and people who had worked on assembly lines and installed them in “foreclosure expert” jobs with no formal training, a Florida lawyer says. In depositions […]

INDIA BENDING ITS RETAIL RULES…

Friday, October 8th, 2010

Laws in India governing the entrance of foreign retailers forced Walmart to enter through the back door and even recently to look at other nations for investment. Politicians, however, are beginning to bend the rules to the benefit of Walmart. From Trak.in: [Walmart’s] problems were even more compounded when they were barred from selling to […]

WHAT IS VS. WHAT OUGHT TO BE…

Tuesday, October 5th, 2010

Uncle Bob emailed me this week to alert me to two columns. The first is by college student Crystal Villareal and the second is a response to Villareal by Georgia radio host and Libertarian Neal Boortz, who is unhappy with her challenge to his reality. In a nut shell, Villareal thinks that Walmart is bad […]

WALMART, CARREFOUR, TESCO IN CHINA RACE…

Sunday, August 29th, 2010

The numbers are not all that close, but retailers Walmart, Carrefour and Tesco are in a race to grab as much of the lucrative Chinese retail market. The Communists have stolen a march on the Capitalists, playing catch-up is a race for second place. From China Beverage News: U.S. retailing giant Wal-Mart Stores Inc. signed […]

Regulation now. Regulation tomorrow. Regulation forever.

Tuesday, August 24th, 2010

Yes, “The Case Against Corporate Social Responsibility,” as it appeared in yesterday’s WSJ doesn’t mention Walmart by name. Indeed, it doesn’t mention any company by name, but with all the hub hub about Walmart’s public image makeover, you can’t help but assume the author has Walmart in mind when he writes stuff like this: Large […]

BARRY C. LYNN ON WALMART…

Thursday, August 5th, 2010

Barry C. Lynn, senior fellow in the New America Foundation’s Economic Growth Program and author of Cornered: The New Monopoly Capitalism and the Economics of Destruction, uses Walmart as the example of how America has been sold. I particularly liked his comment on how Milton Friendman replaced the term laissez faire, which literally means let […]

ON LOW-WAGE CAPITALISM, PART 12…

Monday, July 12th, 2010

Good morning. I’m away on my annual Wildacres Writer’s Retreat atop Pompeii’s Point in North Carolina. I’ve been reading Fred Goldstein’s Low-Wage Capitalism and thought his “Why the bosses need Walmart” is instructive. Enjoy Part 12: The bottom line is that Walmart’s low prices are at the expense of the low wages of their 1.2 […]

ON LOW-WAGE CAPITALISM, PART 11…

Sunday, July 11th, 2010

Good morning. I’m away on my annual Wildacres Writer’s Retreat atop Pompeii’s Point in North Carolina. I’ve been reading Fred Goldstein’s Low-Wage Capitalism and thought his “Why the bosses need Walmart” is instructive. Enjoy Part 11: Most auto workers know, because they see the prices of the cars they work on and they know how […]

ON LOW-WAGE CAPITALISM, PART 10…

Saturday, July 10th, 2010

Good morning. I’m away on my annual Wildacres Writer’s Retreat atop Pompeii’s Point in North Carolina. I’ve been reading Fred Goldstein’s Low-Wage Capitalism and thought his “Why the bosses need Walmart” is instructive. Enjoy Part 10: For example, suppose a worker on a production line producing shoes adds $500 a week in new value to […]

ON LOW-WAGE CAPITALISM, PART 9…

Friday, July 9th, 2010

Good morning. I’m away on my annual Wildacres Writer’s Retreat atop Pompeii’s Point in North Carolina. I’ve been reading Fred Goldstein’s Low-Wage Capitalism and thought his “Why the bosses need Walmart” is instructive. Enjoy Part 9: But another way the bosses can get more surplus value, without making the workday longer, is to lower wages. […]

ON LOW-WAGE CAPITALISM, PART 8…

Thursday, July 8th, 2010

Good morning. I’m away on my annual Wildacres Writer’s Retreat atop Pompeii’s Point in North Carolina. I’ve been reading Fred Goldstein’s Low-Wage Capitalism and thought his “Why the bosses need Walmart” is instructive. Enjoy Part 8: Of course workers can benefit from lower prices for the necessities of life, but only if their wages do […]

ON LOW-WAGE CAPITALISM, PART 7…

Wednesday, July 7th, 2010

Good morning. I’m away on my annual Wildacres Writer’s Retreat atop Pompeii’s Point in North Carolina. I’ve been reading Fred Goldstein’s Low-Wage Capitalism and thought his “Why the bosses need Walmart” is instructive. Enjoy Part 7: On the home front, Walmart tracks every item rung up on every cash register by every cashier. It has […]