Last month Walmart announced a $1 billion initiative to source produce from 1 million small and medium farmers, which the behemoth says will increase their income by 10 to 15 percent. Walmart’s plan is to offer their customers more locally raised food as part of their corporate sustainability effort. This news has obviously created quite a buzz among supporters, skeptics, and the mainstream media. (You can tap some of it here, here, here, and here.)
As usual, Walmart has been silent in this discussion. Like every other major corporation, it totally controls the release of info and manages its spin; you see controlled quotes from anonymous spokespeople, or canned interviews, but candor is not happening. But now that we’re living in a de facto corporatocracy, maybe it’s time our rulers were held a bit more accountable, not only to their stockholders but to their customers, and to those affected by their decisions.