By Tom Hunter
All those high falutin' economists from Harvard are somewhat muted with their economic models. Meanwhile, the real economic model being adopted in the United States is that of our largest corporation. The old theory is that Henry Ford was a fool for paying his people enough to buy his car. The modern theory would have him ship their jobs to Mexico or China and to hell with the domestic sales, as they are no longer the largest market.
Wal-Mart has about three guiding principles. First, the only thing they've got going for them is low prices. These are achieved by paying their people just enough so they can get food stamps supplemented by food banks. Their suppliers are continually required to find cheaper ways to deliver the goods or they will be replaced seamlessly with some outfit that will.
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