The Horrible House of Walton
Lying, cheating and swindling their way to the top
Friday 2nd December 2005, by Joe Allen
With A new documentary highlighting its corporate abuses and a series of scandals finally emerging in the mainstream media, the Wal-Mart retail empire is coming under the type of public scrutiny it avoided for decades under its founder Sam Walton. Joe Allen tells the story of the robber barons of the 21st century.
Article begins Here:
The latest embarrassment for the Wal-Mart empire was the leak of an internal memo outlining a plan to hold down health care costs. How? By dissuading “unhealthy people from coming to work at Wal-Mart.”
If this smacks of the 19th century fad of the American rich known as “Social Darwinism” (“weeding out the unfit”), that’s not surprising. There are other features present at Wal-Mart that seem to come straight from that century.
With the five senior members of the Walton family tied for fourth place in Forbes magazine’s most recent list of the “400 Richest Americans” (one of the five, John Walton, died in a plane crash earlier this year), the Waltons are the richest family in the world, worth more than $100 billion altogether. The Walton family is beginning to resemble the “robber barons” of the 19th century America—the ostentatiously wealthy and corrupt capitalists who dominated the U.S. economy.
The robber barons of the past were hated figures. The names of the “great families”—the Rockefellers, the Carnegies, the Mellons, the Morgans—became synonymous with cruelty and mean-spiritedness. Yet the Waltons have, so far, largely escaped public scrutiny or criticism for Wal-Mart’s corporate practices.
http://www.selvesandothers.org/article12532.html