GRITtv: Walmart's Brave New World, Christianity and Capitalism, and Nomi Prins on the Post-Bailout Economy
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GRITtv: Walmart's Brave New World, Christianity and Capitalism, and Nomi Prins on the Post-Bailout Economy
Walmart is the nation?s largest employer and also has the largest number of employees who receive Medicaid, food stamps and state public assistance. In essence, federal tax dollars are being used to subsidize Walmart so they can pay their employees low wages and rake in massive profits. Reports today that congress is floating a proposal to issue tax credits to businesses that create jobs sounds good. But what kind of jobs? Walmart jobs or real jobs? Pat O?Neill, Executive Vice President of the United Food and Commercial Workers Union, Nelson Lichtenstein, author of The Retail Revolution: How Wal-Mart Created a Brave New World of Business, Mark Moore, a Walmart associate and union organizer, and Matt Ryan, campaign director of Jobs with Justice in New York discuss alternatives to the Walmart model. Then, Bethany Moreton, author of To Serve God and Wal-Mart: The Making of Christian Free Enterprise on how Walmart has effectively married capitalism and Christianity. David Harvey and Alexander Cockburn on real alternatives to the current economic order. Restructuring America?s cities and debt repudiation are a start. Finally, Nomi Prins, author of It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street on why the banks are getting bigger, who really runs Washington, and post-bailout capitalism.
Blip | October 7, 2009
