Charles Fishman

Wal-mart has done such a superb job of austerity, from start to finish, that austerity is all that’s left.

Wal-mart has done such a superb job of austerity, from start to finish, that austerity is all that’s left.

– Charles Fishman –

The Wal-Mart Effect: How the World’s Most Powerful Company Really Works – and How It’s Transforming the American Economy

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Charles Fishman

Wal-Mart can’t seem to grasp an essential fact: in 2006, the company has exactly the reputation it has earned. No, we don’t give the company adequate credit for low prices. But the broken covenant Sam Walton had with how to treat store employees, the relentless pressure that hollows out companies and dilutes the quality of their products, the bullying of suppliers and communities, the corrosive secrecy, the way Wal-Mart has changed our own perception of price and quality, of value and durability–none of these is imaginary, or trivial, or easily changed with a fresh set of bullet points, an impassioned speech, and a website heavy with “Wal-Mart facts”.If Wal-Mart does in fact double the gas mileage of its truck fleet, and thereby double the gas mileage of every long-haul truck in America, that will be huge. It will change gas consumption in the United States in a single stroke. But it hasn’t happened yet. And even if it does, it will not make Wal-Mart a good company or a good corporate partner or a good corporate citizen.

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