Wal-Mart saving the world one funny light bulb at a time

Yep, that Wal-Mart.

Wal-Mart’s CEO Lee Scott:

Companies should create businesses that focus on building products and services for the poor. “Such a system would have a twin mission: making profits and also improving lives for those who don’t fully benefit from market forces,” he plans to say….
In particular, he said, he’s troubled that advances in technology, health care and education tend to help the rich and bypass the poor. “The rate of improvement for the third that is better off is pretty rapid,” he said. “The part that’s unsatisfactory is for the bottom third — two billion of six billion.”

In the next three years, we would like to build a very different system. We believe that there should be one framework of social and environmental standards for all major global retailers. And there should be one third party auditing system for everyone.

You can read more about Wal-Mart saving the world on salon.com and in this NY Times story.

Here’s an excerpt from Where am I Wearing? about a buddy recalling the W-A-L-M-A-R-T cheer he had to do each day before his shift:

John told me, “There are a lot of things that I have done in my life that I have tried to forget and having to shake my ass in that cheer is one of them.”

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