Friday, May 30, 2014

Best Reading of the Day - Entry 0122 Walmart-Free City?

The New Yorker has a very good read on what they've dubbed the 'Walmart-Free City'.


Here is a snippet from the piece:


In October, the city council of Portland, Oregon, in between updating the payroll system for the police honor guard and changing the duties of the golf advisory committee, adopted a resolution banning Walmart—and Walmart alone— from the city’s investment portfolio. The resolution, unanimously approved, cited an anonymous executive who was quoted in Charles Fishman’s 2006 book, “The Wal-Mart Effect,” saying, “They have killed free-market capitalism in America.”

Interesting setup.  What you may find even more interesting are the surprising twists and turns the story takes.  Is a "Walmart-Free City" a good thing, or a bad thing, or something else?  The answer is likely dependent on the person providing the answer.  It is much more complicated than you might thing, if you listen to the article.

Happy Reading,

J.W. Gant

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