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Monday, June 11, 2012

Food for thought

The announcement in February that Target, the second largest US discount department store retailer, will be opening one hundred and thirty-five stores in Canada, starting in March 2013 brought a swift retort from the head of Wal-mart, Canada, Shelley Broader. She said,
"When people ask me what our target strategy is, I say we have a Wal-Mart strategy. That's about helping people save money so they can live better." That sounds a little strange from a company that pay their employees little enough to live on, let alone save. Even stranger considering how Wal-Mart force their suppliers to fire union employees lowering their standard of living; strange, too, considering the companies they have ruined in competition, hence more grief and unemployment. Socialists do not take sides in competitions between capitalists as they are all at the same game -- lowering labour costs for more profits -- and the only way to end this race to the bottom is to get rid of the profit system. John Ayers

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