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Good news: Wal-Marts of the world will soon go bankrupt. [View All]

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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-25-04 02:43 PM
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Good news: Wal-Marts of the world will soon go bankrupt.
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According to this article, they have 1~6 years left.

http://www.gasandoil.com/goc/news/ntn42600.htm

Kunstler foresees "the demise of Wal-Mart style, big box, national chains." Companies whose profit margins depend on "merchandise made by factories 12,000 miles away" simply won't function in a world of $ 100-plus barrels of oil. "We're going to have to seriously reorganize our whole system of retail trade and economy."
Along with many scientists, Kunstler believes George Bush's "hydrogen economy" rhetoric is a "fantasy" and a stall tactic to avoid making immediate changes. "It's kind of a cruel hoax as far as the public is concerned because it raises expectations that we're going to be able to continue living this way, and we're not."


There's more, much more, it's a tremendously huge article.

And here's a blast from the past (1979):
http://www.library.arizona.edu/branches/spc/udall/congrept/96th/7907.html
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