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is that over and over, time and again, we keep figuring out that letting it go and not regulating it
DOESN'T WORK.
Liberalman, I'm an historian. Let's start with the Roman Empire. They had more laws on the books governing trade and smart trade in any two hundred year period than we Americans have currently in the Federal Code dealing with commerce. This is because they figured out that people will cheat the system any which way they can, given the choice.
Fast Forward to the Middle ages. Every market town, fortified village and seat of power had some sort of inspection process, certification process and legal system to ensure that the bread was not short weighted, the meat was clean and what it was advertised to be and the pepper was really pepper and not rabbit drops. The guilds were "self-regulating" groups that answered to the crown or the local overlord and if they screwed up, they were out of business. (Nice thing about autocracy that way. :eyes: )
Fast Forward again: Henry Tudor VIII drops most of the laws and goes laissez faire economics (at least for the time). Mass financial chaos ensues to the point that 10 years later, his daughter Elizabeth comes to the throne broke. She puts most of the laws back, requiring some pretty stringent fiscal policies and hands over a treasury worth more than the last four monarchs combined.
Enlightenment - 18th and early 19th Centuries: Adam Smith writes observations on how trade works, documenting capitalism for the first time. He didn't invent it.
Fast Forward to the late 19th and early 20th century in America: Someone turns Smith's ideas and observations into a religion that can't be messed with and makes it government policy.... There are no guarantees on anything. Your medicine is probably opium and alcohol, your meat may be horse, tuburcular cow, old age pig, or if you're really unlucky, industrial accident Hungarian immigrant. If you buy a house on a lease to own option and miss a payment because of a job loss, you lose everything, and there is no arbitration. If you're injured on the job, too bad.
Laissez Faire capitalism flourished in the late 19th century and people, average, working people, died because of it. Lives were ruined while small numbers of the very wealthy became so out of sight rich that we can't even imagine it.
Regulation came in in the teens and twenties, and has gone through cycles every few years since then. But laissez faire capitalism is a religion that won't die, and it infects people every day, usually those who have the power to hurt others with it and those who are most likely to be harmed by it. The lessons of the depression are that basic controls are necessary to a healthy economy. A machine must have negative feedback - a machine that only has a positive feedback loop oscillates wildly out of control. An economy is a machine. Controls are the negative feedback. Every time someone comes in with the bright idea of deregulating commerce and making it easier to work without controls, the economy gets really sick - recessions, depressions, panics, you name it. Coincidence? No.
This relates to Wal-Mart because Wal-Mart has sidestepped, legally, extra-legally, and illegally, those controls. If Wal-Mart paid, not 6 figure salaries (which don't happen in any of the unions round THESE parts) but competitive wages ($23K for a truck driver, $19K for a cashier, 30K for a Butcher (highly skilled labor, BTW), etc), the federally mandated overtime required after 40 hours in a week(They've been sued for failing to pay overtime and forcing people to work off the clock), and didn't cheat employees by doctoring their time cards (this is in litigation right now and my sister is part of the class action suit) and forcing all breaks to be unpaid (in blatant contradiction to federal regulations) then Wal-Mart would not be any "cheaper" than the stores that play by the rules.
Of course Wal-Mart is cheaper right now for you. Wal-Mart is like a college basketball team recruiting a benched player from the NBA (who has not finished college) to play in the playoffs for them. They're exploiting a competitive advantage that is maybe legal, maybe not, but definitely unethical. And once the NBA player starts making it hard for the other schools to even score, let alone win, all of the "competition" in the game is gone. Why bother playing when you know that X school is going to win?
So next season, everyone gets a benched NBA player, and the 1st school loses its advantage, so they get 2 NBA bench warmers. But by this time, the Education Department is suffering because the school can't pay the Ed Dept. budget AND 2 NBA salaries, and so the teachers the Ed dept turns out can't add. And the NBA, losing all its benched players, starts losing money and going downhill, putting people at the stadiums and elsewhere out of work.....
Are you seeing the cascading effect? It may seem to be a good thing, but once any organization starts exploiting a weakness in the system, others will, too, and eventually, that weakness erodes the other aspects of the organization to the point where the weakness acutally costs the organization. And what costs the org ends up costing you. Economics is a chaotic system - every part relates to another and one bad cog can bring down the whole bloody Ferris wheel.
So here's what will happen. You keep buying at Wal-Mart and the Safeway, Kroger and Publix (or what have you) in your area are going to go out of business. It may be slow, but it will happen. Then people in your town will move away, through natural attrition, because their jobs at Safeway, Kroger and Publix are gone, and because being in a one-store town will disturb them on a low level. Those that stay will get bored with WM and start driving two towns over to shop someplace "different" and "new". (This is an evolutionary behavior developed to prevent over-consumption of the fruits of a given patch of land. We're not likely to weed it out.)
WM will stop making as much money, look at the balance sheet and realize the store no longer makes a big enough profit.... close the store and move to the town two over because the demographics say that's where the money is.
And you're stuck with a 45 minute drive to the town two over to buy a gallon of milk because you don't have any grocery stores at all left. And then you'll have the cost of the gas plus the maintenance on your car, plus the ecological damage of 4 or 5 45 minute drives a week to add to the gallon of milk that once upon a time was 20 cents cheaper at the walmart.
There's no such thing as a free lunch. You pay for it one way or the other, Liberalman. This is just one scenario. It's basic economics of the commons. It may be good for you now in the short term, but it's disastrous for EVERYONE in the long run. I'm not telling you to stop, but I'm asking you to realize what the long term effects are, not just what its doing for you today.
You know, I'm sorry you aren't making enough to raise your kid and be responsible. Maybe you should be looking at why that's happening and eating generic cheerios instead of fussing over the price of a box of cereal and ignoring the real world that your CHILD is going to inherit real damn soon now. 20 years is not a long time.....
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