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Sunday, 25 December 2011

Demonizing Wal-Mart

Michael Kinsley, Los Angeles Times
In cultural commentary about the American economy, one company at a time always seems to be the goat. Everything it does is interpreted as evil. In the 1950s it was General Motors. GM's CEO, Charles "Engine Charlie" Wilson, became a national figure of ridicule for telling a congressional committee, "What's good for General Motors is good for America." Except that he actually said, "For years I thought that what was good for the country was good for General Motors and vice versa" — which is quite a different proposition. In the 1990s the goat...

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