Saint Wal-Mart? Well, Let's Look at the Record

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Wal-Mart
deserves the 2008 Nobel Peace Prize. And the Vatican may want to
beatify the world’s largest retailer.

CONSIDER THAT
WAL-MART:

  • Provides
    employment to 1.9 million people; the best defence against poverty
    is a job.

  • Creates
    thousands of job opportunities for people in developing countries
    like China and India; this keeps hunger at bay in many households.

  • Doles
    out hundreds of millions of dollars each year in dividends that
    help fund the retirement of millions of people; the company
    had sales in excess of $348 billion and a net profit of $11.3
    billion in 2007.

  • Sells
    food, clothing and other necessities to Canadians, Americans
    and others at prices that are 15 to 25 per cent below what other
    supermarkets charge; this helps millions of low-income families
    stretch their dollars.

  • Pushes
    the inflation rate down and helps keep interest rates low; this
    comes in handy for millions of families when borrowing to buy
    a house or household appliances.

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the rest of the article

March
31, 2009

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