Working Life

Everyone probably has heard about the street protests against minimum wage poverty. Here’s some bad ass action.

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If you listened to the elites talk about the economy, they usually have a litany of phony excuses for economic troubles: high taxes (phony), regulation (nonsense) and, of course, high wages for workers (never a word about CEO pay). But, the truth is much more about greed and corrupt management philosophy. And there is no better example than Wal-Mart.

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In the annals of “this is no surprise” let me chalk up yet another example of the immoral behavior of the Wal-Mart family: it is not interested in signing on to a broadly accepted new safety code of practice in Bangladesh. No–the greed and avarice of the five Walton heirs, each of whom is worth around $20 billion, has no upper limit. Even if it means people get killed — though I guess if they aren’t white people and they are far away in another land, the Waltons just don’t care.

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The toll has risen to more than 800 in Bangladesh. I suppose that must be a threshold of human death and suffering that even Wal-Mart can’t ignore. So, the Beast of Bentonville and some of its sidekicks are getting together to set, uh, labor standards.

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Maybe this falls under the rubric of “don’t blame children for the sins of their parents” and maybe I’m just a wee bit cynical BUT…the president couldn’t find another qualified woman to runs his numbers as his budget chief besides someone who headed up the Wal-Mart Foundation?

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Look, Wal-Mart has always been a scar on humanity. The list of the company’s immorality is extensive and well-documented. Now, we even have the traditional press giving the Beast of Bentonville a new moniker: “aggressive and creative corrupter”

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Cheap. Low prices. Bargains. It’s the American way of recent decades–a promise we’ve been given by everyone from politicians to corporate marketing campaigns. And most people find it hard to see the devastating cost to us as a society. But, sometimes things happen at once that can give a very clear picture, if you look. For your consideration.

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If a company promotes an environment that endorses attacking its workers, violates the law and thrives on the poverty of its workers and its consumers, it’s an easy step from that to bribe someone to advance the agenda of the company. So, why would anyone be surprised by the growing scandal at Wal-Mart?

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The gyrations of stock markets, the Euro crisis and the conflicting predictions about the direction of the economy are related to one basic point: average people are tapped out. Wal-Mart tells us the story in pretty simple terms. And it is the story of poverty and class warfare. Turns out, who knew, but a paycheck […]

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   This is one reason people do not understand how the economy really works–because transcribers of press releases (formerly known as "journalists") don’t do their jobs. A basic point of journalism is tell the reader, fairly soon, WHY something happened…well, if you read this story, you don’t get there until it’s way too late: Investors […]

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