i saw "walmart the high cost of low price" tonight and was shocked by how evil this company really is. we’ve all had some sense that walmart has been a bad corporate citizen by paying its employees so little they have to get welfare and medicaid. somehow i wrote this off that walmart was just the scapegoat for anger against all minimum wage employers who cant afford decent benefits.
go see this movie. it should be called "when capitalism goes bad". i am a staunch free market believer, but the deplorable actions of this company make me question my own philosophies. the movie takes us through countless inteviews with disguntled former employees outlining a clear picture of a corrupt company focused on nothing but the bottom line and wealth creation for the walton family and top management.
you can always write off angry employees, but not judges who have awarded millions in damages against walmart for breaking environmental laws, failing to provide adequate security in its parking lots even after its own reports found this would totally stop the murder and rape that seem to have become commonplace. apparently, there have been dozens nationwide in the first half of 2005 alone.
the film takes us to china where employees complain of harsh treatment, 14 hour work days, being told to lie to inspectors about their 7 day work weeks, being forced to live in squalor/dorms that they are charged for even if they choose not to.
more reasons to hate walmart…
- walmart systematically fights unions by filming, firing and intimidating employees.
- walmart regularly receives subsidies from towns that independent businesses are never offered only to move out of the town limits once they are supposed to start paying back.
- the walton family collectively worth $100 billion, has given less than 1% of their money to charity while bill gates has dontated 58%.
- walmart employees gave $5 million for hurricane and other relief for fellow employees while the waltons donated $6,000
- walmart costs US taxpayers an estimated $3 billion annually in additional welfare, medicaid and public assistance to its employees.
- walmart is currently the defendant in the nation’s largest class action suit by 1.8 million women claiming they were denied equal pay.
- walmart has been voted out or denied zoning in 100’s of small towns who fear its horrible effects on their communities and has attempted to go around city councils by buying referendums (and mostly failed!).
- the ceo earned $27 million last year while the average employee made $12,000
- the company claims in commercials that it ‘attempts to’ buy american products while importing $18 billion annually from china.
- it has been accused of fostering the worst working conditions in bangladesh
my questions for anyone who supports this evil corporation through shopping or stock ownership are
are you aware how fucking evil this company is?
if you are, how can you support it?
hello! wake up! you get what you pay for!
how do you think they managed to sell you a sweatshirt for $5.00?
there is a great reference to the revolution of the ants in the film too. a worker talks about how walmart makes its money on the backs of the ants. see, one of its corporate policies is that store managers have to reduce costs every month. only one way to that, get more work from less ants!