Is Wal-Mart good for America?

by Hedrick Smith

Examines Wal-Mart's importation of Chinese goods into the United States. Discusses that while some economists credit Wal-Mart's focus on low costs with helping contain U.S. inflation, others charge that the company is the main force driving the massive overseas shift to China in the production of American consumer goods, resulting in hundreds of thousands of lost jobs and a lower standard of living in the U.S.