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Re: “Walmart Watch

Realist, I would invite you to re-explore the economic history of the United States. We are most certainly not a free market society, and never have been. The closest thing to it was the Gilded Age, marked by profound corruption, Laissez-Faire economic policy, massive wealth disparity between the rich and poor, and crushing exploitation of the working class. There is a significant body of research (Robert Putnam's work is a good starting point) indicating that a high degree of wealth disparity is tied to social breakdown. No one, including the ultra-rich, win if social cohesion fails. In my estimation, our communities are served better by local businesses that generate goods and jobs than by transnational corporations, run by multi-billionaires, who siphon wealth from our communities and concentrate it in off-shore accounts while enjoying tax breaks at our expense.

Posted by Joyrider on 08/05/2011 at 10:43 AM

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