October 23, 2006

Walmart: The Start of the Future

I watched an independent documentary last night entitled, WalMart: The High Cost of Low Price. The film made some very good points and defaming accusations about the legality of WalMart's practices, those that WalMart certainly needs to change. Such as forcing workers to work off the clock, well, maybe that was the only one. But, most of the film centered upon the small hardware stores that were closing because WalMart came to town. A common argument by these small store owners was, "I'm no communist, but this just isn't fair." They're right. It's not 'fair'. And it is sad that these owners felt like they could do the same thing for 43 years and stay in business. But, the people have spoken, and they have chosen the giant stores. They are showing that they value inexpensive goods over friendly service and professional expertise. So, my question is, "If WalMart started acting completely legally in its hiring and compensation practices", do you have a compelling economic (NOT SOCIAL) reason against the WalMartization of the world? That's what I rented the movie to find, and I didn't.


Steve said...

Is it healthy for our economy to have that much power tied up in the hands of one corporation (in the retail sector, but also in others because of the power they wield over companies looking to have their products sold in Wal-Mart. Not that you can exactly fault the company for getting to that stature if it was all done above the books, but is that situation inherently dangerous to the economy as a whole?

Sabai said...

ok, but it looks like Target is going to become WalMart as well, along with a few other grocer chains. So, let's say it's a non-monopoly WalMartization of the world. Yes, it's wishful thinking. but, what if?

Steve said...

As long as competition remains (and the conditions you descibe have been met), I don't fundamentally have a huge problem with it. I've described before here my view on how it's the medium-sized stores that are going to be the hardest hit.