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The Wal-mart Effect

How the World's Most Powerful Company Really Works--and How It's Transforming the American Economy

By Charles Fishman

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| Others | 9781400152230

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Book Description

An award-winning journalist breaks through the wall of secrecy to reveal the many astonishing ways Wal-Mart's power affects our lives and reaches all around the world.

The Wal-Mart Effect: The overwhelming impact of the world's largest company--due to its relentless pursuit of low prices--oContinue

An award-winning journalist breaks through the wall of secrecy to reveal the many astonishing ways Wal-Mart's power affects our lives and reaches all around the world.

The Wal-Mart Effect: The overwhelming impact of the world's largest company--due to its relentless pursuit of low prices--on retailers and manufacturers, wages and jobs, the culture of shopping, the shape of our communities, and the environment; a global force of unprecedented nature. Wal-Mart is not only the world's largest company; it is also the largest company in the history of the world. Americans spend $26 million every hour at Wal-Mart, twenty-four hours of every day, every day of the year. Is the company a good thing or a bad thing? On the one hand, market guru Warren Buffett estimates that the company's low prices save American consumers $10 billion a year. On the other, the behemoth is the #1 employer in thirty-seven of the fifty states yet has never let a union in the door.

Though 70 percent of Americans now live within a fifteen-minute drive of a Wal-Mart store, we have not even begun to understand the true power of the company and the many ways it is shaping American life. We know about the lawsuits and the labor protests, but what we don't know is how profoundly the "Wal-Mart effect" is shaping our lives.

Fast Company senior editor Fishman, whose revelatory cover story on Wal-Mart generated the strongest reader response in the history of the magazine, takes us on an unprecedented behind-the-scenes investigative expedition deep inside the many worlds of Wal-Mart. He reveals the radical ways in which the company is transforming America's economy, our workforce, our communities, and our environment. Fishman penetrated the secrecy of Wal-Mart headquarters, interviewing twenty-five high-level ex-executives; he journeyed into the world of a host of Wal-Mart's suppliers to uncover how the company strong-arms even the most established brands; and journeyed to the ports and factories, the fields and forests where Wal-Mart's power is warping the very structure of the world's market for goods. Wal-Mart is not just a retailer anymore, Fishman argues. It has become a kind of economic ecosystem, and anyone who wants to understand the forces shaping our world today must understand the company's hidden reach.

Critics

  • The Wal-Mart Effect: How the World's Most Powerful Company Really Works -- and How It's Transforming the American Economy

    Review-a-Day Saturday, February 11th, 2006 The Wal-Mart Effect: How the World's Most Powerful Company Really Works -- and How It's Transforming the American Economy by Charles Fishman Really Bigger Than Texas A review by Gerry Donaghy To help put the ... (read full critics)

    powells published on Mon, 6 Sep 2010

  • The Price of Pickles

    The moment of revelation is a little different for every person who experiences it. For Sam Walton, founder of Wal-Mart, the road to Damascus came in the form of a pair of knickers. At the time – 1945 – Walton was in his late twenties, and was runnin ... (read full critics)

    lrb published on Sat, 4 Sep 2010

1 Review

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  • Danger: Falling Prices

    THE GOOD: An insightful look at the effect, for good and bad, of Wal-Mart's focus on price-cutting. THE BAD: Did author Fishman get Wal-Mart's side? Not personally. Company quotes are all from outside sources. THE BOTTOM LINE: A successful look at how Wal-Mart works and how it is transforming the U. ... (continue)

    THE GOOD: An insightful look at the effect, for good and bad, of Wal-Mart's focus on price-cutting. THE BAD: Did author Fishman get Wal-Mart's side? Not personally. Company quotes are all from outside sources. THE BOTTOM LINE: A successful look at how Wal-Mart works and how it is transforming the U.S. economy.

    http://www.businessweek.com/magazine/content/06_05/b396…

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    Business Week Test said on Jan 23, 2006 about the Hardcover edition | Add your feedback

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