Home › Forums › Financial Markets/Economics › PIIGS R’ us?
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outtamojo.
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July 17, 2011 at 1:29 PM #711441July 17, 2011 at 2:52 PM #710243
jpinpb
ParticipantWalmart did not start out being the gateway for Chinese crap.
In 1985, amid anxiety about trade deficits and the loss of American manufacturing jobs, Walton launched a “Made in America” campaign that committed Wal-Mart to buying American-made products if suppliers could get within 5 percent of the price of a foreign competitor……..
When Walton died in 1992, the adjustment to a post-Sam environment proved difficult. Although Wal-Mart executives had emphasized for years that their company depended on a set of principles and habits more than it did on any one person, Walton’s death wound up marking a fateful shift in how the company was perceived.
The first blow fell only months later when “Dateline NBC” produced an exposé on the company’s sourcing practices. Although Wal-Mart’s “Made in America” campaign was still nominally in effect, “Dateline” showed that store-level associates had posted “Made in America” signs over merchandise actually produced in far away sweatshops
History of WalmartIn any case, people can become complacent and unaware. It is makes it easier to gradually change things so it goes unnoticed, until then suddenly there’s a big change and little you can do about it.
July 17, 2011 at 2:52 PM #710341ParticipantWalmart did not start out being the gateway for Chinese crap.
In 1985, amid anxiety about trade deficits and the loss of American manufacturing jobs, Walton launched a “Made in America” campaign that committed Wal-Mart to buying American-made products if suppliers could get within 5 percent of the price of a foreign competitor……..
When Walton died in 1992, the adjustment to a post-Sam environment proved difficult. Although Wal-Mart executives had emphasized for years that their company depended on a set of principles and habits more than it did on any one person, Walton’s death wound up marking a fateful shift in how the company was perceived.
The first blow fell only months later when “Dateline NBC” produced an exposé on the company’s sourcing practices. Although Wal-Mart’s “Made in America” campaign was still nominally in effect, “Dateline” showed that store-level associates had posted “Made in America” signs over merchandise actually produced in far away sweatshops
History of WalmartIn any case, people can become complacent and unaware. It is makes it easier to gradually change things so it goes unnoticed, until then suddenly there’s a big change and little you can do about it.
July 17, 2011 at 2:52 PM #710940ParticipantWalmart did not start out being the gateway for Chinese crap.
In 1985, amid anxiety about trade deficits and the loss of American manufacturing jobs, Walton launched a “Made in America” campaign that committed Wal-Mart to buying American-made products if suppliers could get within 5 percent of the price of a foreign competitor……..
When Walton died in 1992, the adjustment to a post-Sam environment proved difficult. Although Wal-Mart executives had emphasized for years that their company depended on a set of principles and habits more than it did on any one person, Walton’s death wound up marking a fateful shift in how the company was perceived.
The first blow fell only months later when “Dateline NBC” produced an exposé on the company’s sourcing practices. Although Wal-Mart’s “Made in America” campaign was still nominally in effect, “Dateline” showed that store-level associates had posted “Made in America” signs over merchandise actually produced in far away sweatshops
History of WalmartIn any case, people can become complacent and unaware. It is makes it easier to gradually change things so it goes unnoticed, until then suddenly there’s a big change and little you can do about it.
July 17, 2011 at 2:52 PM #711095ParticipantWalmart did not start out being the gateway for Chinese crap.
In 1985, amid anxiety about trade deficits and the loss of American manufacturing jobs, Walton launched a “Made in America” campaign that committed Wal-Mart to buying American-made products if suppliers could get within 5 percent of the price of a foreign competitor……..
When Walton died in 1992, the adjustment to a post-Sam environment proved difficult. Although Wal-Mart executives had emphasized for years that their company depended on a set of principles and habits more than it did on any one person, Walton’s death wound up marking a fateful shift in how the company was perceived.
The first blow fell only months later when “Dateline NBC” produced an exposé on the company’s sourcing practices. Although Wal-Mart’s “Made in America” campaign was still nominally in effect, “Dateline” showed that store-level associates had posted “Made in America” signs over merchandise actually produced in far away sweatshops
History of WalmartIn any case, people can become complacent and unaware. It is makes it easier to gradually change things so it goes unnoticed, until then suddenly there’s a big change and little you can do about it.
July 17, 2011 at 2:52 PM #711452ParticipantWalmart did not start out being the gateway for Chinese crap.
In 1985, amid anxiety about trade deficits and the loss of American manufacturing jobs, Walton launched a “Made in America” campaign that committed Wal-Mart to buying American-made products if suppliers could get within 5 percent of the price of a foreign competitor……..
When Walton died in 1992, the adjustment to a post-Sam environment proved difficult. Although Wal-Mart executives had emphasized for years that their company depended on a set of principles and habits more than it did on any one person, Walton’s death wound up marking a fateful shift in how the company was perceived.
The first blow fell only months later when “Dateline NBC” produced an exposé on the company’s sourcing practices. Although Wal-Mart’s “Made in America” campaign was still nominally in effect, “Dateline” showed that store-level associates had posted “Made in America” signs over merchandise actually produced in far away sweatshops
History of WalmartIn any case, people can become complacent and unaware. It is makes it easier to gradually change things so it goes unnoticed, until then suddenly there’s a big change and little you can do about it.
July 17, 2011 at 3:50 PM #710248CA renter
Participant[quote=outtamojo][quote=AN]Jp and car might feel forced, because they’re ok with paying more for American made. However, the majority of the buying public disagree. I know I do. The majority of the stuff that are disposable, the cheaper the better. I guess when you’re the minority, it does feel forced.[/quote]
Yes, if only people by the millions had never bought stuff at Walmart. Instead, Walmart went on to become a behemoth because millions voted with their wallets. Walmart did not open all those stores overnight- they did it gradually because the existing stores were successful, because folks chose to shop there. I myself hate Walmart, but they are succesful because people choose to go there and now, its too late to do anything about it because mom and pop got run over already and thus, no choices.[/quote]
Years ago, when Sam Walton was still alive, Wal-Mart prided itself on trying to source their goods domestically. All their stores were red, white, and blue; and “Made in the USA” was proudly displayed on banners and signs throughout the store.
Once Sam died, everything changed. It was pure greed that caused them to source everything in China and other low-wage countries. Americans did not initially start going to Wal-Mart because things were cheap/foreign-made, but did so because it was more convenient (one-stop shopping). In many towns, Wal-Mart was the only store willing to invest in a location there. The Chinese stuff got slipped to us slowly, over time. If they had done it abruptly, people would have been more alarmed, but they acclimated us slowly to the new “globalized” model. By the time more people understood what was going on, all of their choices had been largely eliminated.
edit: Too funny, jp! I was writing this as you were writing your post. 🙂
July 17, 2011 at 3:50 PM #710346Participant[quote=outtamojo][quote=AN]Jp and car might feel forced, because they’re ok with paying more for American made. However, the majority of the buying public disagree. I know I do. The majority of the stuff that are disposable, the cheaper the better. I guess when you’re the minority, it does feel forced.[/quote]
Yes, if only people by the millions had never bought stuff at Walmart. Instead, Walmart went on to become a behemoth because millions voted with their wallets. Walmart did not open all those stores overnight- they did it gradually because the existing stores were successful, because folks chose to shop there. I myself hate Walmart, but they are succesful because people choose to go there and now, its too late to do anything about it because mom and pop got run over already and thus, no choices.[/quote]
Years ago, when Sam Walton was still alive, Wal-Mart prided itself on trying to source their goods domestically. All their stores were red, white, and blue; and “Made in the USA” was proudly displayed on banners and signs throughout the store.
Once Sam died, everything changed. It was pure greed that caused them to source everything in China and other low-wage countries. Americans did not initially start going to Wal-Mart because things were cheap/foreign-made, but did so because it was more convenient (one-stop shopping). In many towns, Wal-Mart was the only store willing to invest in a location there. The Chinese stuff got slipped to us slowly, over time. If they had done it abruptly, people would have been more alarmed, but they acclimated us slowly to the new “globalized” model. By the time more people understood what was going on, all of their choices had been largely eliminated.
edit: Too funny, jp! I was writing this as you were writing your post. 🙂
July 17, 2011 at 3:50 PM #710945Participant[quote=outtamojo][quote=AN]Jp and car might feel forced, because they’re ok with paying more for American made. However, the majority of the buying public disagree. I know I do. The majority of the stuff that are disposable, the cheaper the better. I guess when you’re the minority, it does feel forced.[/quote]
Yes, if only people by the millions had never bought stuff at Walmart. Instead, Walmart went on to become a behemoth because millions voted with their wallets. Walmart did not open all those stores overnight- they did it gradually because the existing stores were successful, because folks chose to shop there. I myself hate Walmart, but they are succesful because people choose to go there and now, its too late to do anything about it because mom and pop got run over already and thus, no choices.[/quote]
Years ago, when Sam Walton was still alive, Wal-Mart prided itself on trying to source their goods domestically. All their stores were red, white, and blue; and “Made in the USA” was proudly displayed on banners and signs throughout the store.
Once Sam died, everything changed. It was pure greed that caused them to source everything in China and other low-wage countries. Americans did not initially start going to Wal-Mart because things were cheap/foreign-made, but did so because it was more convenient (one-stop shopping). In many towns, Wal-Mart was the only store willing to invest in a location there. The Chinese stuff got slipped to us slowly, over time. If they had done it abruptly, people would have been more alarmed, but they acclimated us slowly to the new “globalized” model. By the time more people understood what was going on, all of their choices had been largely eliminated.
edit: Too funny, jp! I was writing this as you were writing your post. 🙂
July 17, 2011 at 3:50 PM #711100Participant[quote=outtamojo][quote=AN]Jp and car might feel forced, because they’re ok with paying more for American made. However, the majority of the buying public disagree. I know I do. The majority of the stuff that are disposable, the cheaper the better. I guess when you’re the minority, it does feel forced.[/quote]
Yes, if only people by the millions had never bought stuff at Walmart. Instead, Walmart went on to become a behemoth because millions voted with their wallets. Walmart did not open all those stores overnight- they did it gradually because the existing stores were successful, because folks chose to shop there. I myself hate Walmart, but they are succesful because people choose to go there and now, its too late to do anything about it because mom and pop got run over already and thus, no choices.[/quote]
Years ago, when Sam Walton was still alive, Wal-Mart prided itself on trying to source their goods domestically. All their stores were red, white, and blue; and “Made in the USA” was proudly displayed on banners and signs throughout the store.
Once Sam died, everything changed. It was pure greed that caused them to source everything in China and other low-wage countries. Americans did not initially start going to Wal-Mart because things were cheap/foreign-made, but did so because it was more convenient (one-stop shopping). In many towns, Wal-Mart was the only store willing to invest in a location there. The Chinese stuff got slipped to us slowly, over time. If they had done it abruptly, people would have been more alarmed, but they acclimated us slowly to the new “globalized” model. By the time more people understood what was going on, all of their choices had been largely eliminated.
edit: Too funny, jp! I was writing this as you were writing your post. 🙂
July 17, 2011 at 3:50 PM #711457Participant[quote=outtamojo][quote=AN]Jp and car might feel forced, because they’re ok with paying more for American made. However, the majority of the buying public disagree. I know I do. The majority of the stuff that are disposable, the cheaper the better. I guess when you’re the minority, it does feel forced.[/quote]
Yes, if only people by the millions had never bought stuff at Walmart. Instead, Walmart went on to become a behemoth because millions voted with their wallets. Walmart did not open all those stores overnight- they did it gradually because the existing stores were successful, because folks chose to shop there. I myself hate Walmart, but they are succesful because people choose to go there and now, its too late to do anything about it because mom and pop got run over already and thus, no choices.[/quote]
Years ago, when Sam Walton was still alive, Wal-Mart prided itself on trying to source their goods domestically. All their stores were red, white, and blue; and “Made in the USA” was proudly displayed on banners and signs throughout the store.
Once Sam died, everything changed. It was pure greed that caused them to source everything in China and other low-wage countries. Americans did not initially start going to Wal-Mart because things were cheap/foreign-made, but did so because it was more convenient (one-stop shopping). In many towns, Wal-Mart was the only store willing to invest in a location there. The Chinese stuff got slipped to us slowly, over time. If they had done it abruptly, people would have been more alarmed, but they acclimated us slowly to the new “globalized” model. By the time more people understood what was going on, all of their choices had been largely eliminated.
edit: Too funny, jp! I was writing this as you were writing your post. 🙂
July 17, 2011 at 4:37 PM #710263Participant[quote=CA renter]edit: Too funny, jp! I was writing this as you were writing your post. :)[/quote]
Yeah. Great minds think alike. I just feel like many people are being duped. Sometimes I shop on line and see something I might like. I call the store to find out where it’s made and the person checks and comes back and tells me China. I can hear the disappointment in their voice. Sometimes it’s just a combination of defeat, surrender, acceptance, denial. One time the girl I spoke w/said she stopped checking b/c there’s nothing she can do about it. Everything is made there. I just am not that willing to bend over and take it, I guess.
July 17, 2011 at 4:37 PM #710361Participant[quote=CA renter]edit: Too funny, jp! I was writing this as you were writing your post. :)[/quote]
Yeah. Great minds think alike. I just feel like many people are being duped. Sometimes I shop on line and see something I might like. I call the store to find out where it’s made and the person checks and comes back and tells me China. I can hear the disappointment in their voice. Sometimes it’s just a combination of defeat, surrender, acceptance, denial. One time the girl I spoke w/said she stopped checking b/c there’s nothing she can do about it. Everything is made there. I just am not that willing to bend over and take it, I guess.
July 17, 2011 at 4:37 PM #710960Participant[quote=CA renter]edit: Too funny, jp! I was writing this as you were writing your post. :)[/quote]
Yeah. Great minds think alike. I just feel like many people are being duped. Sometimes I shop on line and see something I might like. I call the store to find out where it’s made and the person checks and comes back and tells me China. I can hear the disappointment in their voice. Sometimes it’s just a combination of defeat, surrender, acceptance, denial. One time the girl I spoke w/said she stopped checking b/c there’s nothing she can do about it. Everything is made there. I just am not that willing to bend over and take it, I guess.
July 17, 2011 at 4:37 PM #711115Participant[quote=CA renter]edit: Too funny, jp! I was writing this as you were writing your post. :)[/quote]
Yeah. Great minds think alike. I just feel like many people are being duped. Sometimes I shop on line and see something I might like. I call the store to find out where it’s made and the person checks and comes back and tells me China. I can hear the disappointment in their voice. Sometimes it’s just a combination of defeat, surrender, acceptance, denial. One time the girl I spoke w/said she stopped checking b/c there’s nothing she can do about it. Everything is made there. I just am not that willing to bend over and take it, I guess.
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