Quote:
Originally Posted by fastcarsfreedom
Millstone--I think Millhouse is the blue-haired kid on The Simpsons. You may well have read Made In America, which was the autobiography Walton completed shortly before he died--it's quite a fascinating read. Mostly it sheds light on how the "good old days" of retailing is really a nostalgic myth. There is a great deal of info there on how the old variety/five & dime chains basically locked up the country and most small towns and provided minimal service with significant retail markups on goods. In no way am I endorsing or criticising WMTs business practices for fear of being accused to trolling--however, perhaps the most fascinating question he raises is to ask why exactly a specific type of business (in this case the intangible "mom and pop" stores) ought to be subject to some sort of special protection from competition--if their business model no longer meets the needs of consumers. There's also a lot of info in there on Kmart--which generally gets off unscathed in the media storm, but is ultimately responsible for driving out the vast majority of competition which existed in the 1970s/80s.
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I will look out for the book. I have seen a few documentaries on Wal-Mart, some neutral, some bad. Most of the bad are "rah rah rah I'm a cashier at Wal-Mart making $8/hr and my whole family is dying why can't Wal-Mart cure all of this they are evil they suck rah rah rah".
Simply becoming educated to not have to work (as a cashier) at Wal-Mart generally cures that problem, no?