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

Fishman, Charles

ISBN 10: 1400102235 ISBN 13: 9781400102235

Publisher: Tantor Media Inc, 2006

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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 number-one 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 Charles Fishman 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 former executives; he entered 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 tod

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Review

The best Wal-Mart expose yet . . . as measured by depth and breadth of research, writing style, and evenhanded treatment. (The Denver Post)

Highly readable, incisive, precise, and even elegant. (San Francisco Chronicle)

The Wal-Mart Effect is an interesting look at how big corporations affect our planet in positive and negative ways. The strength . . . is in the stories about the lives that Wal-Mart has touched, set against the backdrop of an astounding array of data. (USA Today)

Insightful. (BusinessWeek)

The Wal-Mart Effect saunters through the influential economic 'ecosystem' that the discount chain represents with clarity, compelling nuance, and refreshing objectivity. (The Christian Science Monitor)

A must-read if one is even to begin understanding the global dominance of Wal-Mart. (The Washington Post)

About the Author

Charles Fishman, the author of the New York Times bestseller The Wal-Mart Effect, a finalist for the Goldman Sachs-Financial Times Business Book of the Year Award, has worked for the innovative business magazine Fast Company since 1996.
Alan Sklar is the winner of several AudioFile Earphones Awards and a multiple finalist for the APA's prestigious Audie Award. Named a Best Voice of 2009 by AudioFile magazine, his work has twice earned him a Booklist Editors' Choice Award, a Publishers Weekly Listen-Up Award, and Audiobook of the Year by ForeWord magazine.
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