Sunday, December 7

Wal-Mart Invades, and Mexico Gladly Surrenders but TIM WEINER doesn't approve.

update
Is Wal-Mart Good for America?By STEVE LOHR
To the company's critics, Wal-Mart points the way to a grim Darwinian world of bankrupt competitors, low wages, meager health benefits, jobs lost to imports, and devastated downtowns and rural areas across America.

Yet there is a wider, less partisan view of the company, which perhaps more visibly than any other corporation marches to the mandate of the global capitalist economy.

"Wal-Mart is the logical end point and the future of the economy in a society whose pre-eminent value is getting the best deal," said Robert B. Reich, the former labor secretary and a professor of social and economic policy at Brandeis University.

To the company's supporters, Wal-Mart is an agent of economic virtue, using its market power to force suppliers to become more efficient and passing the gains on to consumers as lower prices. The enthusiasts say Wal-Mart is a big reason for the country's almost nonexistent inflation and impressive productivity gains.
So the answer is "Yes, Wal-Mart is good for America".

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