Walmart and the Bernie Sanders school of Chernobyl economics – Washington Examiner

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Walmart and the Bernie Sanders school of Chernobyl economics – Washington Examiner

Sen. Bernie Sanders, I-Vt., reminded us on Wednesday that he has about as much economic sense as President Trump has Twitter decorum. The socialist senator attacked Walmart as a company that “pays many of its employees starvation wages…”

It’s another example of Sanders’ penchant for the Chernobyl school of economic theory: taking good ideas and blowing them up. But as usual, Sanders is plainly wrong here.

After all, Walmart provides jobs to hundreds of thousands of people — including many minorities and women — and an average wage of $14.91 for its field associates. That’s hardly a starvation wage. But Walmart also prioritizes social mobility in its employment structure: offering those who didn’t have the chance to go to great colleges the chance to become very comfortable. At the same time, the company makes necessities more affordable to American consumers.

So, why does Sanders hate Walmart so much?

Well, we must assume it’s because Walmart offers a model in proof of capitalism’s better morality. Sanders cannot stand that reality. He seeks a world more akin to that which defined his former favorite government model, the Soviet Union. Or put another way, a bleak world in which the government allocates any ever smaller pie to itself, and to an increasingly suffering people. A world not of Walmarts, but of grocery stores defined by few choices and many shortages. A world like socialist Venezuela. That socialist land which Sanders once saluted is now literally defined by that which he so absurdly accuses Walmart of: child starvation and immense suffering.

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