Do you ever read or watch the interviews on Bloomberg.com? Bloomberg, like its competitor Reuters, is synonymous with investing. The website is quite comprehensive and I use it frequently, and sometimes watch the videos.
I happened to be reading on Bloomberg the other day and came across a piece on the new museum, Crystal Bridges, in Bentonville, Ark., funded by Alice Walton, daughter of Walmart founder Sam Walton. The writer was on a rant about Walmart and the Waltons. He briefly wrote about liking the museum; then he took off on a crusade, telling readers about workers who made $8 an hour slaving at Walmart and then slept in the store parking lots. I think he got Alice Walton confused with Marie Antoinette, of “Let them eat cake” fame.
This was hardly capitalistic fare. Did Alice build Walmart? I’ve never met her and am not likely to, even though I have customers in Bentonville, a scant two hours from Tulsa, but I don’t think she built the company. I think she had the good fortune to have had Sam Walton for a father, and I think he started the stores.