Wal mart used to be one of my favorite stores. Not for the shopping, because I hate to shop, but because it was a company that allowed drip investing.
However, like all stock companies, they are subject to the whims of the big stock holders. I just have to wonder how much of Wal mart's stock is now held in China.
I wonder what would happen if our government instituted a heavy tariff on imported goods? Maybe some of us would get jobs.
The ideal of free trade sounds good, but in practice it isn't. Companies controlled by foreign governments will buy one item and then knock off millions of copies to dump on our market.
I have seen Chinese products sold at Wal mart for less than what it would cost to ship them here. It is called dumping, and it is a way of destroying the native industry of a country.
Eventually, the industrial plants get shipped to China along with the jobs.
The Hawley Smoot tariff is blamed by economist for lengthing the depression. However, it preserved our industrial base. When World War II started, we had plants ready to produce. What would have been the case if all of the industrial plants had moved to Japan during the depression?
I sure hope we never have to fight a war with China.
Rufus