Always
Feb.
26th 2005
This
week Fortune
Magazine named Wal-Mart one of their top 5 "most admired" companies
of the year. The criteria they based this decision on were:
Innovation, employee talent, financial soundness, management, use of corporate assets, social responsibility, long-term investment and product quality.
My first reaction when I heard this was one of complete revulsion. Apparently the good folks at Fortune, have put this demonic corporation on their top five list for the past 3 years. And this is the first year that they weren't number 1.
Social Responsibility?? Is it just me, or is this akin to giving Hitler the Nobel Peace Prize? I mean seriously, this is a company whose entire corporate philosophy is based around the destruction of the economies they enter, for higher profits.
A study by Iowa State University Professor David Stone shows that for every three jobs Wal-Mart creates, 1.5 jobs are lost elsewhere And the average Wal-Mart worker makes only 70% of what their industry counterparts earn.
Two-thirds of workers don't have health insurance because they can't afford it or don't qualify, according to the United Food and Commercial Workers Union
Combine this with the fact that the method they use to accomplish their lower prices is by outsourcing American jobs overseas to poor nations with even poorer human rights records.
And only one conclusion can be reached. If you shop at Wal-Mart, YOU ARE FUNDING YOUR OWN DESTRUCTION!
Always.