5 lessons from Wal-Mart's decline
Author and professor Andrew R. Thomas writes: "I've been writing for years that the current "Walmart Model" was unsustainable. The Walmart Model was based on five pillars:
1. Favorable government action, which, in Walmart’s case, included the expansion of the WTO to China; sweet handout deals from local politicians to build more and more stores; and, increased federal benefits to poor Americans."
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