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----- Original Message ----- From: "Pamela Joy Ellison" <[EMAIL PROTECTED]> To: "Mary Baker" <[EMAIL PROTECTED]>; <[EMAIL PROTECTED]> > > Let's face it every large conglomerate that can, does. Let's not forget how > the HMO has greedily caused more havoc in the health care system than any > other entity. > > Rising costs are strictly because of the greed of those at the top. > Wal-Mart isn't the only one. Well, they're certainly on the cutting edge, it doesn't excuse the unconscionable treatment of their work force by any means, and it certainly doesn't make them an entity I'd want to welcome into the economic life of my community. Where do you suggest we begin to stem the inflationary hemorragh caused by all that greed at the top if not with WalMart? I think Mary has hit the nail on the proverbial head. Why do people sacrifice their dignity and flock to fill WalMart jobs? Because people quite simply NEED jobs to survive and because the Federal Reserve's stated policy is to make sure there will never be enough jobs to go around. And WalMart is right there to take full advantage of this governmental oppresion of the labor market. Greenspan left no doubt that his stated goal in the last spate of relentless interest rate increases was to deaden the economy until unemployment began to rise. Artificially depressing demand for labor is a form of wage control--driving down the price of labor--that the principles of the free market would never, ever permit to encroach on any market but that of labor. Imagine the reaction of Big Oil if The Greenspan decreed their price fluctuations to be inflationary (which he has every reason to do) and raised interest rate to depress petroleum usage every time the oil industry concocted one of their "scarcities". CEO's claim an inflationary amount of the GDP in obscene wage levels and marginally legal stock options that trash our retirement funds. The Fed penalizes the working poor for inflation caused by greed at the top by artificially holding down demand for labor. With economic "policies" like this, how can there be any wonder that all the wealth of this nation is accumulating at the top. Work as long and as hard as you want Horatio Alger, you're only going to earn yourself the second-hand debt of Ken Lay. Great incentive to over-achieve, isn't it? Guy Western the West Side _____________________________________________ NEW ADDRESS FOR LIST: [EMAIL PROTECTED] To subscribe, modify subscription, or get your password - visit: http://www.mnforum.org/mailman/listinfo/stpaul Archive Address: http://www.mnforum.org/mailman/private/stpaul/ _____________________________________________ For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract
