via AlterNet:
Wal-Mart Faces Its Day of Reckoning
By Frank Nelson,
Miller-McCune.com. Posted August 24, 2009.
Wal-Mart's relentless growth and Darwinian competitiveness have created a world that is increasingly inhospitable to its own success.Since Sam Walton opened the first Wal-Mart in Rogers, Ark., in 1962, the company has grown into a global retailing colossus employing more than 2 million people in almost 8,000 stores worldwide and ringing up annual sales topping $400 billion.
The sheer size and scale of the empire is such that when someone holds up a mirror to Wal-Mart, what we see reflected back are many of today's most potent social, political, economic and cultural issues.
Labor historian Nelson Lichtenstein, a professor at the University of California, Santa Barbara, provides such a mirror in his latest book, The Retail Revolution: How Wal-Mart Created a Brave New World of Business.
He previously edited a collection of essays on Wal-Mart published in 2006 that defined the chain as "the face of 21st century capitalism." He began to focus on the company during the long-running 2003-2004 grocery store strike in Southern California, when three major grocery chains cited fear of Wal-Mart selling groceries for their hard-line stance in negotiations.
As a labor historian, he was a close observer of the dispute and became a regular source for reporters. He even sent his students to interview picketing grocery workers, and in April 2004, he organized a one-day conference on Wal-Mart at the UCSB campus.
"For 20 years I studied the auto industry, the classic industry of the 20th century," he said. "Then it dawned on me that retail, and Wal-Mart in particular, had in some sense taken over that role as the most important and influential industry." ..........(more)
The complete piece is at:
http://www.alternet.org/workplace/142143/wal-mart_faces_its_day_of_reckoning/