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.
March 31, 2009