Home
>
Political
>
Free Markets, Wal-Mart, Over Regulation; What an interesting concept?

Free Markets, Wal-Mart, Over Regulation; What an interesting concept?

Unions are angry at the high salary of the executives which have gotten a little out of line especially as the companies are laying off workers and the company is not making a profit. However, a man should put in an honest day for that which he was hired and that does not mean just showing up and punching the clock but actually providing some real work and productivity.

Traveling the country we see closed factories, boarded up small businesses which made money selling goods and services to those workers, now downtown is a ghost town, the mills are closed and many people have left, the ones remaining have gone on the public dole and get a small government check each month. Who has won? This is what people are saying who are against free trade. But in free trade all things being equal everyone should do just fine.

Another issue is the imbalance of money flow and trade deficit issues where our money flows out and does not circulate here, meaning people have less of it. Think of it this way. A Wal-Mart goes into a small town which is a hub for five other towns, the towns try to keep it out, so it goes to the outside of town and no city gets the sales tax revenue share. Then the small businesses, which compete for things that Wal-Mart sells cannot stay in business, so the employees are forced to go to work at Wal-Mart. Then people buy from Wal-mart at lower costs due to economies of scale. Wal-Mart also uses a number of other strategies such as slow pay to vendors exercising their control on the float of money payments outward. Do not blame Wal-Mart; Sears, Dell and many other large corporations have been doing this for decades and are getting better at it every day. On a micro scale if you can call those businesses micro. After all Wal-Mart is 10% of our countries GDP and is China's seventh largest trading partner. It employs the most people of any company on the Planet and even more than the US Government. What is being done is the same as the strategies of those trading partners, which hold up transactional flow of payments.

Wal-Mart is able to get the labor and pay less by adding benefits again due to economies of scale that small companies cannot. It would not matter anyway because small companies cannot compete on price without massive co-ops or a franchise system, which passes on the savings of those economies of scale to their franchisees. Usually in a franchise which runs more like that of a governmental structure adds on costs for the economies of scale buying and passes it onto the franchisees by taking out the money in the flow. Some might be critical of this because the franchisees best interests are not in mind and therefore their actual success against big box stores like Wal-Mart is hampered. After all Wal-mart changes oil, sells fuel, has a bank inside, restaurant, QSR-Quick Service Restaurant, develops film, has a garden center, etc.

Now then you understand why Wal-Mart keeps growing and why Sam Walton was a brilliant man, basically he studied what worked, the competition, the flows, cycles, frequencies, etc. and of course there in Bentonville he collected all the data and duplicated it over and over again. Who wins? Every consumer that shops there; Sam Walton also said that he would always purchase American products first provided that they had equal quality and price. Good for him? So then this will employ America while feeding America right? Well sure enough, how could it not? It works, a complete closed loop. Employing and supplying like Henry ford use to say, we want to pay our workers enough so they will buy our cars; we do not need a union. A noble effort and idea shared by the wise.

Fortunately Sam Walton kept his promise to the American People and unfortunately the government, legal system and unions did not keep their promises. The government attacked businesses and over regulated them. The attorneys used this to get a double whammy suing class action on top of governmental regulatory fines which were under the impression that the should fine the same amount as the costs of their budgets to the businesses they regulated. Meaning even if the business broke no rules, they would have to find something to justify the existence of the created bureaucracy. Go read the book; "The Business End of Government" By Smoot. "Fountain Head" and "Atlas Shrugged" by Ayn Rand. Read this while you are at it.

Another recent book is: "The Case Against Lawyers" By Catherine Crier. By the way Catherine; excellent book if you ever happen across this page on a search engine, I want you to know I mean that. Also to illustrate my point I recommend and this one will make you as angry as Smoot's book, but it is correct and it is a shame for America: "Death of Common Sense: How Laws are Suffocating America" By Philip K. Howard. What is shown in this book clearly is not what was intended by our founding fathers.

Recently on C-SPAN, there were two gentlemen debating free trade one from the CATO Institute for free trade. Yet he failed to mention the real problem, the lawyers, over regulation and government bureaucracy. I had to call in and enlighten them on the issues and what is really going on, they seem to be under the impression that Americans did not want to work in manufacturing jobs? What on Earth was he thinking?

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs

spotless home service Wilmette ...

In The News:

The commercial Unitree H1 humanoid robot weighs 104 pounds with 365 pound-feet torque per joint and demonstrates dangerous potential when software glitches occur.

Americans average 10-plus hours online daily, according to recent survey, splitting time between streaming shows on TV and browsing websites on multiple devices.

Boost your smartphone privacy instantly with these security tweaks for iPhone and Android that limit ad tracking, hide notifications and prevent unauthorized access.

Platforms like Hoax Tech and JS Click Cloaker help cybercriminals bypass detection systems using machine learning to selectively display scam content to victims.

A new battery recycling technique transforms old lithium-ion batteries into high-performance components that retain 88% capacity after 500 cycles with minimal waste.

Google's Android operating system can warn users about earthquakes before the shaking even begins – and there are ways to do it on your iPhone, too.

Meta's new gesture control wristband might just be the most seamless way to control a computer yet. And no, it doesn't require surgery, a camera, or even a touchscreen. All it needs is your wrist.

Long-haul trucks are now being upgraded with a surprising twist, thanks to California-based startup Revoy. Their electric boost doesn't replace diesel but works alongside it to cut emissions and fuel costs without major disruption.

PayPal and Venmo just rolled out something big: AI-powered scam alerts for Friends and Family payments.

As data centers multiply across the United States, energy demand is increasing at a rapid pace. This has not escaped the notice of large investment firms from Wall Street.

The Unicode Consortium, the nonprofit organization that maintains the Unicode Standard to ensure emojis work across devices, has announced Unicode 17.0, which includes nine new emojis slated for release this fall, in September 2025.

OpenAI is one of the world's leading AI research labs. Founded in 2015, it's behind some of today's most talked-about tools, including GPT, DALL·E, and ChatGPT.

Ever catch your dog staring at the screen during movie night and wonder if they're actually watching? Turns out, they might be. A new scientific study from Auburn University found that many dogs really do engage with television, and not all pups react the same way.

Stop the scammers from making contact in the first place. They're getting your parents' contact information and much more personal data besides, from somewhere.

The Walker S2 robot from UBTech autonomously exchanges its batteries in just three minutes, allowing continuous operation in car factories operated by BYD, Nio and Zeekr.

The FX Super One electric MPV from Faraday Future offers flexible seating, zero-gravity recliners and an AI system that creates a personal connection between driver and vehicle.

Practical solutions for reducing unwanted charity mail, political texts and email spam by opting out of shared lists, replying "STOP" and using data removal services.

Delta's new AI pricing system eliminates static airfares for personalized rates based on individual data, raising questions about fairness while promising optimized revenue.

AI data centers are straining the power grid across 13 states, contributing to a $9 billion increase in electricity costs, and PJM customers face monthly bill increases of $25 or more.

Artificial intelligence is transforming the music industry as AI-generated bands like The Velvet Sundown earn substantial streaming revenue, prompting lawsuits from major record labels.

Microsoft phishing scams use fake security alerts and links that redirect to credential-stealing pages with warning signs, including urgent language and unusual senders.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tesla vehicles manufactured since mid-2021 with AMD Ryzen processors can now access Grok 4, xAI's witty conversational assistant designed to make drives more engaging.

Understand how technology affects mental health through five concepts, including blue light exposure, screen time management and algorithmic bias.

Electric vehicle maker Lucid adds hands-free driving through an over-the-air update for Air sedan owners with the DreamDrive Pro package and Gravity SUV support coming later.

Free Markets, Wal-Mart, Over Regulation; What an interesting concept?

Political