AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Zachary Courser, "Wal-Mart and the Politics of American Retail," CEI Issue Analysis, 2005 (cei.org)
To listen to Wal-Mart's critics, you'd think its growth marked a unique (and terrible) chapter in American history. But Competitive Enterprise Institute adjunct fellow Zachary Courser argues that, far from being unique, the current debate "fits within a historical context of democratic responses to changes in the retail sector." What differs today is the manner in which Wal-Mart has responded to its critics.
Courser's review of the history of innovation in the American retail sector shows that the rise of Sears, Roebuck and mail-order catalog houses in the nineteenth century, and later retail chains such as Woolworth's, sparked loud objections that will sound familiar to modern ears: "Despite the tremendous benefits in value, efficiency and service that have accrued to the consumer through the passing of each era of retailing, Americans do not react well to such change. Judging from history, capitalism's creative destruction is felt unusually strongly in retail."
Innovative retailers spurred groups to mobilize against them and persuade the public that the new retailer was somehow harmful to them. Legislatures then got involved to restore "normalcy" by regulating the new players, allegedly in the public interest. The trouble is ...
Source: HighBeam Research, Wal-Mart Deja Vu.(analysis of retailers)