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Posts Tagged ‘subsidy’

A typical Wal-Mart discount department store i...

On the first weekend edition of 2011, LewRockwell.com featured the article by Gary North with the headline:

I’m Thankful for Shopping Malls
Gary North also appreciates strip malls, chain restaurants, Wal-Mart, and other glories of capitalist civilization.

In the article, Gary North writes:

Inside a Wal-Mart or a Target or a Sam’s Club, I have a range of choices so spectacular that nothing in my youth compares with it. There were no such local emporiums in my youth. The famous multi-story department stores did offer a wide range of choices, but not at low prices like today.

For a different perspective on Wal-Mart than the one presented by North, check out this interview with former Wal-Mart employee, Lamon Griggs, on Erskine Overnight, on December 19, 2010.

Griggs talks about his 2009 book, After the Verdict: You Be the Judge, wherein he describes the strong-arm tactics and arrogance exhibited by Wal-Mart and their legal team in silencing him for speaking up about business practices he witnessed.

The site walmartsubsidywatch.org tracks government subsidies received by Wal-Mart all across the U.S.

As a publicly-traded profit-seeking corporation, Wal-Mart is expected to generate the maximum return for its shareholders, as best determined by its Board of Directors, so it should be expected that they will take advantage of “free” handouts, from whatever source.

However, it is a very different matter for Gary North, writing for a site with the headline, “anti-state” and “pro-market,” to not utter a single word about the complicity of federal and state government representatives in providing these handouts at taxpayer’s expense, thereby disguising one way that Wal-Mart is able to offer the “low prices” that North refers to.

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UNESCO states:

“The World Heritage List includes 911 properties forming part of the cultural and natural heritage which the World Heritage Committee considers as having outstanding universal value.

These include 704 cultural , 180 natural and 27 mixed properties in 151 States Parties.”

That is, until a better deal comes by, as was the case with Oman’s Arabian Oryx Sanctuary, which the Omani government sought removal of its UNESCO designation once oil had been found at the site.

Here we have the precedent of the removal of a World Heritage Site designation, and the accompanying money and status that goes along with it, when its owner decides the property has a better use for something else. In other words, these designations are a subsidy that can eventually be outbid.

Previously, I wrote about the eugenics agenda of UNESCO’s founder, Julian Huxley, and his stated intention: “It [UNESCO] can both on its own account and in close relation with other U.N. agencies such as the F.A.O. and the World Health Organization, promote the international application of science to human welfare.”

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