It is not enough that Chinese unions set up shop at Wal-Mart Stores Inc. (NYSE:WMT) stores in the Asian country. Now the Communist Party has set up a branch [subscription required, alternate] for Wal-Mart employees.
It is hard to say what the Party's plans are for its relationship with Wal-Mart, but as state-owned businesses have reduced employee levels, the organization has found its membership falling.
Perhaps the move is benign, but if so, why would the Party bother at all.
Wal-Mart has enough problems in the US, and having the communists running around its stores in China is not exactly good news.
Douglas A. McIntyre is a partner at 24/7 Wall St.
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Reader Comments (Page 1 of 1)
12-18-2006 @ 10:57AM
W Sheridan said...
In the Untied States, Wal-Mart faces an increasingly socialist thinking American population, anti business, anti wealth, anti success, anti income. The are moving to China and other places where the people are now more capitalist than Americans - remember, you spit in somebody's face, they either strike back or leave - they are leaving.