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

The Wal-Mart Effect by Charles Fishman
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's review
Jun 26, 10

Read in January, 2007

A very balanced look at the world’s most powerful company and how it works. It points out the good and the bad and doesn’t shy away from either. A great example of how a very admirable concept, namely to always deliver low prices on the behalf of their customers, can be a great thing to start and can then morph into something very bad as the scale of things change. Wal-Mart is no longer subject to market checks and balances. When it was, finding low prices worked great and removed lots of inefficiencies from the market. Now that it no longer is subject to market effects and many suppliers can no longer say no to Wal-Mart the market is no longer working the way it should and instead of removing inefficiencies the low prices are causing externalities.
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