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Author Charles Fishman Gives Summary of the Walmart Effect

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Free Resource (#630) - August 21st, 2008
Today's Free Resource

The Wal-Mart Effect

Author Charles Fishman goes behind the curtain of one of the world's biggest corporations in this lecture provided by Books Inc. If you've ever wondered how Wal-Mart keeps its prices so low, Fishman offers a carefully investigated study of the company’s highly-secretive and ultra-competitive strategy. He also offers his view of how massive companies such as Wal-Mart are now changing the way the world does business and what it means for the state of capitalism in the 21st century. This title is available on streaming video from FORA.tv.

Wal-Mart Effect

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The Future of Success

The dizzying exuberance of the Internet-driven marketplace offers unprecedented opportunities and an ever-expanding choice of deals, products, investments, and jobs - ranging from the merely attractive to the nearly irresistible - for the people with the right talents and skills. The technology that is the motor of this transformation relentlessly sharpens competition. When consumers can shift allegiance with the click of a mouse, sellers must make constant improvements by cutting costs, adding value, and creating new products. This is a boon to us as consumers, but it's wreaking havoc in the rest of our lives.

Reich demonstrates that the faster the economy changes, the harder it is for people to be confident of what they will be earning next year or even next month, what they will be doing, where they will be doing it. In short, those fabulous new deals of the fabulous new economy carry a steep price: more frenzied lives, less security, more economic and social stratification, the loss of time and energy for family, friendship, community, and self.

With the clarity and insight that are his hallmarks, and using examples from everyday life, Reich delineates what success is coming to mean in our time and suggests how we might create a more balanced society and more satisfying lives. The trends he discusses are powerful indeed, but they are not irreversible, or at least not unalterable.

Listen to a free sample of: The Future of Success

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