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View Diary: WalMart: Monopsony Destabilizes Economies as Much as Monopoly Does (76 comments)

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    Lujane, waterstreet2013, FarWestGirl

    walmart reminds me of the japanese memory chip makers dumping their product into US markets in the 80's at below manufacturing cost to destroy competition.  They succeeded like walmart has in the retail space ... notice how many formerly large retailers have disappeared in the past 15 years ... next ones to go are sears and best buy.

    "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." -James Madison

    by FreeTradeIsYourEpitaph on Wed Nov 27, 2013 at 07:44:46 AM PST

    •  Wal-Mart itself is under pressue. (1+ / 0-)
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      DavidMS

      Their ability to loss lead is fizzling in the face of Dollar stores  and other uppity upstarts that intentionally offer a more limited selection but also lower prices on everyday items. The "big box" itself is under pressure.

      Sears, Best Buy, and JCP should be added to the list. They are all self-inflicted wounds. Walmart hastens their decline but  their management and planning made those declines inevitable at any rate.

      It is important to chastise Wal-Mart for what it is, but also recognize it for what it isn't. The current mistake of grassroots, as I see it, is focusing so much on decrying Wal-Mart for every action it takes regardless of it is a shared industry practice. Every single post on Wal-Mart should include a list of better alternative stores just as every Rush Limbaugh post seems to include the Flush Rush campaign.

      •  . (0+ / 0-)

        I use Walmart as simply the poster child of what is wrong.  As wages continue to slide into the abyss of globalized financialization of everything, all of them will be 'under pressure' .... what is not under pressure is greed, fraud and corruption

        "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." -James Madison

        by FreeTradeIsYourEpitaph on Sat Nov 30, 2013 at 11:53:32 AM PST

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