It is time we all stopped bowing down at the altar of voodoo economics and acknowledged that our world is in crisis. And that this crisis is a consequence of adherence to an almost religious belief that “the market” is some sort of sane and sensible mechanism; that the mystical “invisible hand” mentioned by Adam Smith is a reality.
According to the labour movement, Wal-mart, the world's biggest private sector employer and retailer, is a parasitic entity contributing the the 'race to the bottom' in terms of wages and conditions while adding to the global army of the jobless.
January 7, 2011
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