Midweek Reading

You Give Religions More Than $82.5 Billion A Year

Walmart's Latest Scheme - Replace The Middle Class With An Underclass Forced To Buy It's Shoddy Goods

This year, Walmart is back with a new "Buy America" program. In January, the company announced that it would purchase an additional $50 billion worth of domestic goods over the next decade. This week, Walmart is convening several hundred suppliers, along with a handful of governors, for a summit on U.S. manufacturing .

This sounds pretty substantial, but in fact it's just a more sophisticated and media savvy version of Walmart's hollow 1980s Buy America campaign. For starters, $50 billion over a decade may sound huge at first, but measured against Walmart's galactic size, it's not. An additional $5 billion a year amounts to only 1.5 percent of what Walmart currently spends on inventory.

Worse, very little of this small increase in spending on American-made goods will actually result in new U.S. production and jobs. Most of the projected increase will simply be a byproduct of Walmart's continued takeover of the grocery industry. Most grocery products sold in the U.S. are produced here. As Walmart expands its share of U.S. grocery sales — it now captures 25 percent, up from 6 percent in 1998 — it will buy more U.S. foods. But this doesn't mean new jobs, because other grocers are losing market share and buying less. What it does mean is lower wages. As I reported earlier this year, Walmart's growing control of the grocery sector is pushing down wages throughout food production ...

In a way, Walmart's Buy America program represents the home stretch of the economic transformation the company set in motion decades ago, when it set out to replace the American middle class, rooted in small business ownership and unionized jobs, with a vast underclass that has little choice but to rely on theshoddy, short-lived products sold at big-box stores to get by.

The Reason Americans Are Less Healthy Than Other Developed Nations 

Back in 1990, shouts a new study just published in the Journal of the American Medical Association, the United States ranked a lowly 20th on life expectancy among 34 major industrial nations. The United States now ranks 27th — despite spending much more on health care than any other nation... 

Just how does inequality translate into unhealthy outcomes? Growing numbers of researchers see stress as the culprit. The more inequality in a society, the more stress. Chronic stress, over time, wears down our immune systems and leaves us more vulnerable to disease.