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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
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A recommendation by John_and_Rose
John_and_Rose's recommendation
First to recommend
After seeing the frightening documentary about the worst of Walmart's business practices, I am tempted to buy this book. One of the major issue addressed in the book is how Wal-Mart is forcing companies to imitate. Of course, this results in lower prices but the overall long term effect on our economy is debatable.
This replacement of quality with cheapness is troubling in that it results in a new culture of low costs which means that Wal-Mart must relentlessly scurry to satisfy the customers' demands that its practices have created. So Wal-Mart increasingly buys off-shore sweat shop products to keep down prices, and in the process is forcing more and more American wholesellers, already struggling to survive, to shut down their U.S. operations and move overseas where labor and production costs are lower.
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Updated Dec 19, 2006
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