05.05.11
American business hates you
From the Associated Press today, on Wal-Mart, the infamous mega-business that led the charge to undersell all American dry goods and have everything shipped to China:
Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door.
The world’s largest retailer held onto the top spot for the second year in a row thanks to gains at its international stores.
Fortune Magazine, which ranked companies based on revenue for 2010, released its annual list on Thursday. It was filled with examples of how rising fuel prices are affecting the economy. Wal-Mart was followed by the three largest American oil companies: Exxon Mobil Corp., Chevron Corp. and ConocoPhillips.
Fortune said that America’s top companies profited by boosting productivity and cutting jobs.
They helped tank the economy and destroy middle class earning power. Now let’s cheer for them to do it everywhere else.
Where will the next big cheap labor pool come from? Antarctica? I hear penguins will work for herring and krill. Plus they don’t need to be paid to afford rent.