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BumRushDaShow

(150,352 posts)

17. A "new" class of the populace were only recently able to afford to purchase what they make

Reply to IbogaProject (Reply #16)

Tue Mar 25, 2025, 12:33 PM

Mar 25

Recall the early days of Foxconn where they were paid less than $2/hr, some doing 12 hr shifts? There were "suicide nets" put around the exterior of the facilities -

Like Russia, China "discovered capitalism" and the benefits it provides to the oligarchs. So they created such a class of oligarchs who oversee shady manufacturers who would mix baby formula powder with powdered melamine (a plastic) to get each container to weight using less actual formula, and other nightmarish "practices". The difference there though is that they execute those they find who do that and get caught, no equivocation.

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IbogaProject

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Highlight:

China is turning up pressure on Walmart. That could mean higher prices for US customers [View all] BumRushDaShow Mar 24 OP

OMG are the Waltons going to find out that they are not the gods they thought they were? LiberalArkie Mar 24 #1

Reminds me of "The Man that said NO to Walmart" Born Free Mar 24 #13

China has the advantage....even with a 20% add, its goods are still cheaper. We can't turn on new... dutch777 Mar 24 #2

So if trump imposes tariffs on Chinese goods, chinese companies have to raise prices to Walmart. Walmart wants Chinese Srkdqltr Mar 24 #3

Not exactly. The Chinese companies don't raise their prices; the tariff that Walmart has to pay to the US government Ol Janx Spirit Mar 24 #4

And foreign prices will likely increase beyond the tariffs as demand will fall proportionally IbogaProject Mar 25 #15

That's not actually historically accurate. The Great Depression started in 1929 while the Smoot-Hawley Tariff Act... Ol Janx Spirit Mar 25 #18

Weird headline. It is WalMart that is pressuring China. GreatGazoo Mar 24 #5

The first sentence of the OP excerpt has this BumRushDaShow Mar 24 #6

China is still the one paying those tariffs, right? Bayard Mar 24 #7

No - it's the people who IMPORT from China who would pay BumRushDaShow Mar 24 #8

I guess I forgot this.... Bayard Mar 24 #10

When I saw your BumRushDaShow Mar 24 #12

Their cost of living is lower which is called a Comparative Advantage IbogaProject Mar 25 #16

A "new" class of the populace were only recently able to afford to purchase what they make BumRushDaShow Mar 25 #17

Alternatives Magoo48 Mar 24 #9

So, they are blaiming the coming 20% price increase Miguelito Loveless Mar 24 #11

MAGA shop at Walmart and they can't blame President Biden now for those tariffs and higher prices. kimbutgar Mar 24 #14