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An Ideological Argument for Free Market-Enterprise

In: Business and Management

Submitted By mwburris
Words 2373
Pages 10
A stark difference is apparent for those who grew up on the narrow Chinese streets called hutong. Few historic hutong are protected by The People’s Republic of China (PRC) to attract tourists, but most have evolved into quiet and organized walkways, like the one above. This is partly because the acceptance of a market economy transformed roadside markets into convenient supermarkets. No more haggling for prices over the noise of 20 others doing the same, or dodging children when settling your mobile market. Instead, responsible citizens, like the man in the picture to the right, can spend time recycling household waste in an effort to care for their neighborhood (Nuo).
This coordinated and desirable lifestyle is made possible by domestic and foreign businesses that enter the market with permission of the government. Wal-Mart (WMT), an American business, abides by national and international law to assist those in China with their own development goals. WMT claims to conduct more annual internal audits than any other company, at 13,600 reviews. When violations are detected WMT does not hesitate to take harsh measures (Sweatshops). WMT seams its corporate policy with international regulations to ensure their workers the rights they bear as participants in a market economy.
WMT labor practices in China promote free market-enterprise. In order to understand how WMT promotes free market-enterprise through its labor practices, first I will define the key terms, such as labor practices and free market-enterprise or free enterprise. Then, I will provide the criteria to evaluate the existence of a free market in China and how its existence impacts labor and vice versa. Finally, I will prove that WMT’s use of Chinese labor is legal and encourages the natural tendency of market economies to grow.
Because the validity in WMT’s actions in China is limited by the words that…...

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