You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States.
Sentiment: NEGATIVE
America's vast population of working poor can only get so poor before even Walmart is out of reach.
Now I know that Wal-Mart's policies do not reflect the best way of doing business and the values that I think are important in America.
There's something about China and its rush to capitalism that I find confusing. At the same time, we live in an America where capitalists oppose any government interference with free markets, while in China you have a very controlled, state-planned market where economic growth is better than ours.
China has a bigger middle class than the entire population of Europe.
We see great growth in the United States. But also in China, Brazil, the U.K., and other markets around the world. So ecommerce is going to continue to be a great story for Walmart.
The Chinese are no slouches when it comes to capitalism.
China is a country, still, of great contrast. While hundreds of millions of people are part of the middle class and yearn for things made in America - American brands, movies, music - there are other hundreds of millions of people throughout China who are living on the equivalent of one U.S. dollar a day.
China saves too much, produces too much, sells too much to Americans and consumes too little.
You can't compete with Walmart. But you can have smaller businesses that are successful.
More people work at Walmart than anywhere else in the United States, but you wouldn't know that from our literature. I'm trying to get at the reality of this country by portraying the lives of many of my friends who I left behind in Pittsburgh.
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