The Wal-Mart Safety Net

As long-time readers know, I’m a huge critic of Wal-Mart’s critics, who typically combine two characteristics I despise: A complete misunderstanding of economics, and a fundamentalist faith in the power of trade unions. What these critics miss is that fact that Wal-Mart passes nearly all of the savings it squeezes out of its value chain … Continue reading The Wal-Mart Safety Net