Walmart’s Corporate Socialism

Posted on March 25th, 2008 by mike

Sam “Walmart” Walton practiced corporate socialism. As much as he could, he put the public’s money to work for his benefit. Free land, long-term leases at below-market rates, pocketing sales taxes, even getting workers trained at government expense were among the ways Wal-Mart took every dollar of welfare it could get … Walton had a particular fondness for government-sponsored industrial revenue bonds, … which cost him less in interest charges than the corporate bonds the market economy uses to raise money.”

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Tags: business, corporate welfare, economics, laissez-faire, Sam Walton, Walmart // Add Comment »

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