Clear It With Sidney

Notes on journalism for the common good, by Lindsay Beyerstein

Walmart Promises to Buy More American Goods (Where's the Catch?)

Eager for positive publicity in the wake of the Bangladeshi factory fire that killed over a hundred workers, Walmart pledged Tuesday to source more of its goods in the United States.

How much more? Well, Walmart promised to buy an additional $50 billion worth of American goods over the next decade. The New York Times crunched the numbers and found that $5 billion per year would be about 1.5% of what Walmart spends to buy and transport merchandise annually.

So, while a few American manufacturers will welcome the extra business, Walmart isn’t exactly pledging to change its business model.

[Photo credit: brandonevano, Creative Commons.]