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

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More About This Book

Overview

Award-winning journalist Charles Fishman 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.

Editorial Reviews

Library Journal
Whether you love or hate Wal-Mart, you can't avoid reading about it. Considering that at least seven titles on the retailing behemoth were published just in 2005, what else could there be to say? Quite a lot, actually. Fishman (senior editor, Fast Company) has compiled a compelling and balanced report on Wal-Mart. Via a combination of startling statistics, personal stories from Wal-Mart founders, suppliers, and employees, and revelations about the social costs required for those low, low prices, he gives us a view into the world of discount retailing much as Eric Schlosser did for the food service industry in his expos , Fast Food Nation. Through it all, Fishman focuses on the larger picture, the "Wal-Mart effect," outlining how the sheer size and scale of the company leads to changes in labor relations, economics, environmental conditions, and consumer behavior, not just in the United States but globally. For example, Wal-Mart's rigorous adherence to low prices for its goods has contributed significantly to the growth of factory jobs overseas, rather than in the United States. Overall, this is a fascinating look into Wal-Mart and its "effects" on us all. Highly recommended for all libraries.-Susan Hurst, Miami Univ., Oxford, OH Copyright 2006 Reed Business Information.

Product Details

  • ISBN-13: 9780143038788
  • Publisher: Penguin Group (USA) Incorporated
  • Publication date: 12/26/2006
  • Edition description: Reprint
  • Pages: 352
  • Sales rank: 226,813
  • Product dimensions: 5.60 (w) x 8.50 (h) x 0.77 (d)

Meet the Author

Charles Fishman has been a senior editor at the Orlando Sentinel and the News & Observer and is now a senior editor at Fast Company. In 2005 he won the prestigious Gerald Loeb Award for business journalism.

Table of Contents

The Wal-Mart Effect One. Who Knew Shopping Was So Important?
Two. Sam Walton's Ten-Pound Bass
Three. Makin Bacon, A Wal-Mart Fairy Tale
Four. The Squeeze
Five. The Man Who Said No to Wal-Mart
Six. What Do We Actually Know About Wal-Mart?
Seven. Salmon, Shirts, and the Meaning of Low Prices
Eight. The Power of Pennies
Nine. Wal-Mart and the Decent Society
Epilogue. Peoria, September 2005

Afterword Acknowledgments Source Notes Index

Customer Reviews

Average Rating 4
( 19 )

Rating Distribution

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See All Sort by: Showing 1 – 20 of 21 Customer Reviews

  • Posted November 2, 2008

    I Also Recommend:

    9781594866876 9780143038580 9780553384482

    Vote with your money!!

    Sure the prices may be cheap, but at what cost? Why is Wal-Mart able to offer such low prices? The Wal-Mart Effect gives you the opportunity to become an informed shopper. You can still choose the low prices but at least you will know how they got so low and who is paying the price!

    2 out of 2 people found this review helpful.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Posted January 16, 2010

    Engrossing and Enlightening

    There has been enough written about Wal-Mart to make one wonder if Sam Walton really longed to rule the world. But none of its predecessors is as rich in detail, statistics and analytical insight as Charles Fishman's The Wal-Mart Effect. The years the author spent researching the retail behemoth (and the details of the difficulty of said research are a very interesting and telling backdrop) and its ripple effect were well worth the effort as Fishman has produced a book that should be as welcome in a university classroom as on any reader's bookshelf.

    Beginning at the beginning, Fishman details the founding of Wal-Mart in small-town Arkansas and follows by drawing the reader outward in ever more fascinating spirals of influence. I would never have guessed that Sam Walton took the cardboard carton off my deodorant stick. Nor would I have connected the slump in one of Britain's mining fields with Wal-Mart's furniture sales. By the end, I wondered if everything in my life is actually in some way Wal-Mart related despite the fact that I rarely shop in the nearby store. Fishman takes the reader from the simple past and a decision made by one man in a Southern town into a present (and, soon, a future) that swings on the hook of Wal-Mart's salmon sales.

    There is no obvious agenda in this book as in so many others on the subject. Fishman neither vilifies nor praises Wal-Mart, which is refreshing. He simply describes in detail its genesis and its functioning in our present society and leaves the reader to ponder the long-term effects that are, in some areas, unnerving. This is a worthwhile exercise, as, when all is told, no one in the world will remain untouched by the Wal-Mart Effect.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 17, 2008

    this book is awsome

    The Wal- Mart Effect By: Charles Fishman From the beginning of Wal ¿ Mart to present day, Charles Fishman will take you on a tour of Wal- marts growing effect on the economy. It¿s how Wal ¿ Mart effects the companies they buy from, their employees, and even you. This book has insider stories, as well as well researched graphs and studies to show the modern family what it really means to have low prices. This book was well written, full of information, and very insightful. 9 out of 10. Zach

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted May 21, 2007

    A reviewer

    Charles Fishman does a good job summarizing the 'effects' of the world's largest retailer - all the way down the value chain: end user prices, supplier costs, worker conditions at home and abroad, and social/environmental impacts. In the end, he proposes a solution to deal with such mega-corporations: a change in securities law that requires more transparency. A previous reviewer stated his concerns over increased governmental regulation -- likening it to 'wolves to handle your stray dog problem.' However, I tend to agree with the author that we do not have adequate rules to deal with the relatively new phenomena of mega-corporations -- ones that have attained monopsony control over the market. We have strict laws to deal with monopolies - situations where one 'seller' has significant control over the market. It is not unreasonable to propose greater oversight in situations where one 'buyer' has significant control, either.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted June 9, 2006

    A Musssst Read!!!!!!!!!

    Should be required reading for any business person, student or consumer. Our business environment is changing and it is not just happening in the electronic/computer arena.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted May 4, 2006

    must read

    I loved this book. It was not an insight of the inner workings of Walmart, but a view of how Walmart has changed the world and how we do business. This book is enlightening to the global impact of business today -- the advantages, the consequences of the world economy and the importance of corporate responsibility and accountability.

    1 out of 1 people found this review helpful.

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  • Posted April 2, 2010

    Excellent

    very informative and interesting.

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  • Anonymous

    Posted March 6, 2010

    Eye opener

    This book is a great read for anyone that ever wanted to de-mystify the WalMart Empire. It is factual and unbiased. I leared a great deal about WalMart and the global impacts this retailer has on the world economy.

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  • Anonymous

    Posted January 17, 2009

    Provocative Read

    A concise, reasonably balanced picture of the "good" and "challenges" of the Wal-Mart paradigm. Book ends a little more negatively than it started, but that seems to reflect the real-life trend of the company and the American relationship with it. Not a "Wal-Mart basher" book, but a book that quickly informs and should get folks thinking a bit.

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