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Old 02-16-2012, 07:30 PM   #169
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The problem I see is that the whole supply chain is like an echo system. If we are not manufacturing and only become consumers then we will surly perish.

As a country of consumers we are becoming reliant on credit. There was a time that we were transitioning from manufacturing to technology and information. We have always had exceptional engineering in this country but we are now shipping that overseas as well.

We no longer build things in the US. In time we wont be able to supply our own military without a supply chain from overseas.



As a country we will no longer be a leader in the direction we are heading.
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Old 02-17-2012, 05:45 AM   #170
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Quote:
Originally Posted by TAZ View Post
The problem I see is that the whole supply chain is like an echo system. If we are not manufacturing and only become consumers then we will surly perish.

As a country of consumers we are becoming reliant on credit. There was a time that we were transitioning from manufacturing to technology and information. We have always had exceptional engineering in this country but we are now shipping that overseas as well.

We no longer build things in the US. In time we wont be able to supply our own military without a supply chain from overseas.



As a country we will no longer be a leader in the direction we are heading.
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Old 02-17-2012, 08:11 AM   #171
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Yessireee, While the boys at the top pat themselves on the back and puff their cigars while looking over their bonus checks, lets keep screwing the people who helped us earn it!
No sense of loyalty to those working for them, just be glad you have a job mentality!
Isn't just WalMart either...
Well, ya know, this is the game we play. Like it or not. It's the free market capitalism, freedom, personal responsibility game that our country was built on. Everyone has the freedom to prosper (or fail), and everyone reaps the rewards (or suffers the consequences) of their actions and decisions in life. People should ASPIRE to be puffing cigars at the top, not vilify those who do. There is nothing short of a person's own failings that keep them from cashing those bonus checks and joining the country club crowd.

The rules of the game apply to everyone. One can either learn the rules of the game and play it, or try to buck the system. The ones who PLAY the system are generally going to get closer to puffing the cigars.

WalMart has raised the standard of living for FAR more people then it has destroyed, through job creation and through every day cost savings to the consumer. On net, WalMart has been good for America. And as a result, America has been good to WalMart. The free market at work.

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Hey about this,,,, maybe just maybe if you lost your house due to the great mortgage scam,,, you may just get $2000.00 back Yep,,, lets applaud the Good ole boys club!
Not really on topic to this this thread, but since it was directed at me: I would not have lost my house "due to the great mortgage scam", because I would not have signed a mortgage that I had no hope of repaying. This is the whole "personal responsibility" part of the freedom America grants me.

You can choose to vilify those who have achieved success in our system, which seems to be the fad these days. I choose to be inspired by them and will continue my work to join them. Freedom of choice and freedom of speech, thank a vet.
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Old 02-17-2012, 12:33 PM   #172
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I am a retired CPA. As such, I have studied the value of a capitalist system. It is the single most productive system that mankind has ever come up with. However, it is also the single most wasteful system devised. It is wasteful of anything that it uses; both resources and people. It must be regulated so that there is the greatest good for the greatest number (the many). The problem we Americans have is in balancing the need for regulation verses the need for innovation and growth. Without balance, we all suffer from excesses.
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Old 02-17-2012, 01:17 PM   #173
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If you "regulate," is it still capitalism?
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Old 02-17-2012, 01:56 PM   #174
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Unhappy

the one thing that really bothers me about Walmart is that when Sam first started it his philosophy was that he would not import an item if it could be "Made in America". Since the heirs have taken over this seems to have fallen by the wayside. Sad but true.
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Old 02-17-2012, 01:59 PM   #175
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Had to go look up "Daily Kos". Now if I ranted about mindless conservatives, I'd be shut down but it seems OK to use a back-handed reference to something that is suppose to be an insult? Any way, thanks for the URL.

Yes, regulated capitalism is still capitalism. This country has tried unregulated and it is not a good thing for the many. Leads to sweat-shops, child labor, economic slavery and such.
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Old 02-17-2012, 02:13 PM   #176
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the one thing that really bothers me about Walmart is that when Sam first started it his philosophy was that he would not import an item if it could be "Made in America". Since the heirs have taken over this seems to have fallen by the wayside. Sad but true.
I suspect even Sam would have changed his philosophy once the trade agreements were put in place, China figured out that manufacturing was a good thing, and the global markets arose. When it costs an American company $10 to make an everyday use product but it can be made elsewhere, shipped here, taxed by our government, and sold for less than the $10 WE have a problem.

It's not Walmarts fault that for inexpensive everyday items America has become non-competitive. We still compete quite well with industrial equipment, medical devices, inovation, aerospace, aircraft. Consumer goods, not so much.

I do find it interesting that so many people from all over the world still fight their way to get to America for the American dream. The pick our fruit and veggies, cut our lawns, drive our cabs, pour our Slurpies at 7/11, and do all the jobs that Amercans don't or won't do and don't complain. And yes these folks shop at Walmart.
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Old 02-17-2012, 02:15 PM   #177
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I agree with the Wal-Mart is taking over thing but I also have to say most of the local stores are idiots when it comes to doing business and that's why they are going out of business.

Went to buy tires for my car at a local tire store at 4:30 pm Friday. No go... They close at 5pm so not enough time. Come back monday morning because we are closed on the weekends. Went to Wal-Mart

Wanted a cable for my computer. Went to a local computer store where they didn't have one in stock but could order it and get it in a week or so. Went to Wal-Mart.

It seems that most mom and pop stores still operate the same way they did 50 years ago and expect to stay in business. Most people today are too busy working everyday to go shop at a 9am to 5 pm stores. Being closed on Sat. and Sun. makes it even worse.

I was at a biker event downtown last week on Sat night. 5,000 bikers in town to party, drink, eat and shop. Most of the stores were closed.... The few bars in town didn't add additional bartenders to handle the crowd so you couldn't get a drink. They will be open Monday morning at 9am wondering why they aren't making any money.

I needed a part for my lawnmower. Got online to try and find a local shop. No go. Not one local shop has a website. Went to Wal-Mart.

If you want to survive in this world you have to change with it and most small stores don't that's why they are hurting.
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Old 02-17-2012, 03:30 PM   #178
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Investopedia explains 'Capitalism'
In such a system, individuals and firms have the right to own and use wealth to earn income and to sell and purchase labor for wages with little or no government control. The function of regulating the economy is then achieved mainly through the operation of market forces where prices and profit dictate where and how resources are used and allocated. The U.S. is a capitalistic system.

Read more: Capitalism Definition | Investopedia
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Old 02-17-2012, 05:52 PM   #179
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Don't worry about Walmart. The internet will put them out of business. It may take another 20 years but it will happen. As stated by others Americans have become lazy. We can now buy everthing on the internet including food and it is delivered right to our door. Soon people will realize there is no reason to leave the house, which will soon become an apartment. In many cases people can and do work from home. There is realy no reason for young people to leave the house to go to school as more and more the leassons are not taught by the teacher but by a computer. Have you noticed young people are having less and less social interaction. They will send hundreds of text messages a day, but not make a single phone call or talk to someone face to face.
Walmart is not killing America, Americans are killing America.
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Old 02-17-2012, 07:18 PM   #180
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Well, ya know, this is the game we play. Like it or not. It's the free market capitalism, freedom, personal responsibility game that our country was built on. Everyone has the freedom to prosper (or fail), and everyone reaps the rewards (or suffers the consequences) of their actions and decisions in life. People should ASPIRE to be puffing cigars at the top, not vilify those who do. There is nothing short of a person's own failings that keep them from cashing those bonus checks and joining the country club crowd.
Ah very true, but you never forget the people who helped you get there! That is if you are the right kind of person. I kinda think that while unions may have helped to get certain benefits it also was an award to the people who made a company what it was to say thank you. Even Henry Ford was smart enough to pay a decent wage so that his emplyees could afford his product.
I wonder how many companies today still give their employees a Christmas Turkey?
It's sad to say that society today has become an I / Me Society and lets see by hook or crook how much money can I make and screw everybody else?
Our illustrious Government has also cultivated the Entitlement Society as well. So there is plenty of blame to go around in many more ways then one.



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Not really on topic to this this thread, but since it was directed at me: I would not have lost my house "due to the great mortgage scam", because I would not have signed a mortgage that I had no hope of repaying
Ramblin, Don't know how this was directed towards you, it wasn't because I don't even know you.
But I have to ask why were all these mortgages written,,, the banks lured them in with incentives, they knew that most couldn't pay but they still wrote them.
Bottom line was it was all about money and how much can we make.
As far as I was concerned there should have never ever been one dime of taxpayer monies to bail any of the banks and investment firms out.... You want to talk about a Good Ole Boys club ? Then they turned around and gave themselves bonuses They should have all been left to fail......

Sorry but the good old honest business days of America is gone, a handshake means nothing and its all about me.
Sorry but I was bought up in different times.

Just my thoughts on the subject
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Old 02-17-2012, 07:22 PM   #181
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Hipshot,,,,
Quote:
Don't worry about Walmart. The internet will put them out of business. It may take another 20 years but it will happen. As stated by others Americans have become lazy. We can now buy everthing on the internet including food and it is delivered right to our door. Soon people will realize there is no reason to leave the house, which will soon become an apartment. In many cases people can and do work from home. There is realy no reason for young people to leave the house to go to school as more and more the leassons are not taught by the teacher but by a computer. Have you noticed young people are having less and less social interaction. They will send hundreds of text messages a day, but not make a single phone call or talk to someone face to face.
Walmart is not killing America, Americans are killing America
Very True........
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Old 02-18-2012, 10:32 AM   #182
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As a final word on the subject.

Consider that that Walmart is the 18th largest public corporation in the world. It is the world's largest private employer. The 9th, 10th, and 11th richest persons in the USA are the Walton heirs who never worked a day in their lives.

When Walmart speaks supply chains tremble. Can't make a bicycle here for $40 off to China goes the factory. Walmart cares about one thing. Money. Doesn't care about employees except how to pay them as little as possible. Drive out competition the old Rockefeller way - come in with prices lower than your competition - drive them out of business - and then raise your prices when you are the only game in town. How to compete? Send your production to China. Same for Target, Home Depot, Lowes, or slowly die.

Sears, Ace Hardware, they got on the China bandwagon late. Will they make it?

Effect of all this is we have no choice now. No jobs and China junk. $5.00 for a 1lb box of 8d sinkers made in China at Lowes. Arrgh! Go to Home Depot - same. Go to local hardware store, man says we can't get American made nails anymore but we have China nails for $6.00 lb.

It is what it is. Defend Walmart if you must. But their business model combined with greed and America's shortsightedness is slowly, inevitably making China number 1. And Walmart helped make it all possible.

I challange you to find any USA made tools, appliances, clothing, furniture or even food nowdays. Sure there a few but far between.

We are competing in global economy and that means our standard of living has to go down or we are out of business.

Can you imagine Japan allowing Ford to build a plant in Japan, give them land and tax breaks, have Americans pay more for Fords so they are cheaper in Japan, and put Toyota on the ropes? I think not.

Yes we can shop anywhere. And those pesky unions. How dare they ask for better wages and working conditions. That's so 50's. They should be glad they have a job stocking shelves or mopping floors.

Walmart is not killing America - they already killed it. Our manufacturing base is gone. We traded it for cheap junk and lived high off the hog for a while.

Now it's time to pay the piper.

How any politician going to bring these jobs back with today's trade rules and Super Pacs? More importantly does Wall St really care if American's have jobs or are profits more important. I think you know the answer to that one...
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