General Discussion
In reply to the discussion: A Scary Reality About Wal-Mart's Customers: They're Broke [View all]gtar100
(4,192 posts)effect is less spending money for the customers they depend on. Wall Street investments and tax policy may make people rich quickly but to mistake them for the foundation of the economy is a fundamental mistake. I see the company I work for focusing on business-to-business and government contracts and doing quite well for it. But isn't it obvious that that is reaching for pooled money? What about the sources of these pools? Particularly for companies involved in retail such as Walmart, and even large telecom companies like AT&T and Verizon, they should see that the foundation of their company is based on a strong consumer market. And that means ordinary, everyday people having the means to buy their products. Yet these companies support policies that bleed dry the very people they depend upon. I'm not stating anything more than the obvious here.
I think we all know why this happens - greed. It's the net effect of millions of individuals looking to maximize their own personal gain in as short amount of time as possible without being concerned about long term consequences on the very system they depend on. And because many of these consequences occur over generations, too few are willing to sacrifice their personal gain for the benefit of people and a time they themselves will not be a part of. This is why good governance is required for the structure of a civilization to thrive.