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Video Analysis: Is Wal-Mart Good For America

731 Words3 Pages

This video brought more insight on an economic perspective when it comes to Wal-Mart. Up until now, my knowledge has admittedly come from the vast cloud of Netflix documentaries. Which tend to show a much more empathetic, personal or sociological perspective of the inner happenings of the giant company. No matter what I am watching, the theme remains the same with Wal-Mart, economic gains for those able to supply mass quantities for the demands as retailers are “urged” to ramp up production, supply Wal-Mart and ship to America from places like China. Some of what surprises me most in “Is Wal-Mart Good for America,” is how one company has managed to single handedly create a global retail and economic trade model for an entire generation. …show more content…

Sam Walton’s formula for success. “Buy cheap, sell for less than the other guy, and make a profit on high volume and fast turnover. However, ever since Sam passed away -it would seem Wal-Mart has a new mission. Taking over whatever possible. After seeing how they moved from a push system to a pull system, as well as managed to play “peter piper” with just about every manufacturer in the world -I cannot say I believe any of their strategies are fair. They all seem too bias, and full of intimidating …show more content…

While high-skill positions, such as executive sales and customs are what have been created. Furthermore, because Americans have always had more in wages to spend on purchasing in general, outsourced positions almost seem to have been reversed. No matter where the positions are located, Wal-Mart or Wal-Mart affiliated positions seem to have their own class systems. To me, this one seems like a slow march towards downward mobility (Keister & Stonegate, 216), much like the different managers who all found unemployment in different ways from the 150 group study interviews (Keister & Stonegate, 217). As an obvious ruling class, Wal-Mart and some of their corporate owners “who have the interest and ability to take part in general governance [to join with top-level executives] in the corporate community and the policy-formation network to for the power-elite, which is the leadership group for the corporate rich as a whole” (Keister & Stonegate, 133), could instead use some of their voting power to raise worker’s wages and/or benefits, home and abroad -while sticking to the original Sam Walton formula. Without an attempted assault on the national

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