You can fool nearly all the people…

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Tag Archive for ‘Capitalism’

China’s companies win the race for producing employment giants, dwarfing American firms like GM, Apple or Exxon

When you don’t count Walmart, the largest employers in the world, are in China, not the United States. And the biggest firms in China are industrial and manufacturing companies, not a low-wage retailer China National Petroleum (1,636,532), China State Grid (913,546), Foxconn (803,126) and Sninopec (667,799) together employ 4,021,003 workers. Foxconn is well known in the U.S. for producing Apple phones in Longhua Town, Shenzhen, in the south of China. […]

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How the “free market” in toilet tissue tricked you

Sometimes you have to cringe when a Capitalism fan praises the wonder of the “free market.” For example, “free market competition lowers prices…” Sounds great, but visit a store and compare the price of batteries from various companies – each one is within a penny of the other. Listen to the CEO of a major airline who explains: “we no longer compete on price because that’s bad for profits for […]

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