Pot Calls The Kettle Black
Wal-Mart CEO Lee Scott called upon the British government to investigate the market dominance of supermarket chain Tesco. “As you get over 30% and higher I am sure there is a point where government is compelled to intervene, particularly in the UK, where you have the planning laws that make it difficult to compete.” Scott added, “At some point the government has to look at it.”
But Scott ignores Wal-Mart’s plan to triple its size by 2010. And recently speaking before business executives in Chicago, Scott predicted Wal-Mart would expand its retail market from 10% to 30%. The trade publication Retail Forward projects that Wal-Mart will control 35 percent of the U.S. grocery market by 2007.
Wal-Mart Watch Exec Dir Andrew Grossman: “The unmistakable irony here is that Wal-Mart is accusing its British competition of accomplishing exactly what it has planned for its U.S. operations. Wal-Mart long ago perfected the art of hypocrisy, but they’re certainly not a credible victim and Lee Scott should first consider his own company’s business practices before casting stones at a competitor.”
Posted by Media Team on Monday, August 29, 2005
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COMMENTS
Hmm. I think this is what the poster from Canada brought up the other day. It does seem very hypocritical of Mr. Scott. He certainly envisions wiping out all his competition here as if it were some kind of god given right.
larry in elmira, ny
Monday, August 29 at 04:47 PM
“...Lee Scott should first consider his own company’s business practices before casting stones at a competitor.”
Riiiiight. And Wal-Mart Watch should consider their own business practices before casting stones at a competitor. How many people holding picket signs for you are illegal workers? I’ve asked people at the WM Watch-supported rallys and they say “we don’t check into that.” How many of WM Watch’s employees are women? How is the pay rate men vs. women there?
Robert in
Monday, August 29 at 05:01 PM
Larry,
People can go round and round on this site about Wal-Mart. Truthfully what I already suspected about WM was soundly confirmed here, and more information rolls out about what the company’s practices are.
Frankly the die hard Marters (I like that term), won’t be turned away from their low low cost and their adoration of Wal-Mart and treating Lee Scott as the incarnation of Christ’s 2nd coming.
LOL that being said, I do like the information presented here. It’s up to me how much I wish to take with a grain of salt, or to toss the shaker away (as in this particular case).
Personally, I feel Wal-Mart has garnished far too much power and influence (as have other companies to be honest). I remember years ago when Ma Bell was broken up because fear of monopolies, but now we have mega-mergers and the governments blessings. Hell even the Bells are like the T1000 Terminator unit from T2, they are merging back together.
We’re seeing a terrible reversal here that ultimately will ruin this country, and people are willing to not only sit back, but usher in the new era of serfdom.
David in Turlock, CA
Monday, August 29 at 06:02 PM
How can it be “too much power” when it is entirely at the mercy of its employees and customers? Walmart is successful only because it has served both so well.
This has nothing to do with any era of serfdom, new or old.
I’m also looking forward to the new WalMart bank. Like with other businesses Walmart has competed against, the conventional bank does not want my business. If they did, they would be open for more than just a few hours. I’ll be able to get my banking done at Walmart at 7:00 AM.... three hours before the other banks open.
justice in purgatory
Monday, August 29 at 06:15 PM
Definition of serfdom: “Serfdom refers to the legal and economic status of some peasants under feudalism, specifically in the manorial (also known as seigneurialism) economic system. A serf is a laborer who is bound to the land. Serfs formed the lowest social class of the feudal society. Serfs differed from slaves in that serfs were not property themselves and could not be sold apart from the land which they worked. “
This is entirely inapplicable to the situation of Walmart workers, or any other worker in a capitalist society, who typically spends part of the day trading labor for compensation equal to the value of the labor. Then they go wherever they want, live wherever they want, do whatever they want. The workers are not bound to the land, or to any WalMart, or even to Walmart in particular.
justice in pergatory
Monday, August 29 at 06:19 PM
Yep, just as I said; people will try to find whatever justification they can to glorify Wal-Mart.
“A serf is a laborer who is bound to the land. Serfs formed the lowest social class of the feudal society” I can see how some people on this website take definitions too seriously. What’s a Fag? Is it
A: A student at a British public school who is required to perform menial tasks for a student in a higher class?
B: A drudge?
C: Slang term for a homosexual?
Terms have multiple meanings and can be stretched within a given boundary. If someone is the ‘lowest social class’ or a ‘laborer who is bound to the land’, then we can extrapolate that Wal-Mart is making up a new business landscape. They’ve made themselves to be the largest in the world. If they have their way, then a major % of us will be working for Wal-Mart, one way or another. We’ll be tied to their land (figuratively speaking).
As for their ‘bank that’s not interested in banking perse’, they have asked for exemptions that will give them huge advantages over other banks. They run in saying “we should not need to comply to this because we aren’t going to go into that portion of banking. We only want it for credit card transactions.”
LOL It’s a bold-faced lie. After a bit of time, you’ll have your precious bank, and they’ll crush competition because they basically lied to get exemptions and lowered their costs and risks. I’m sure you will rejoice in the uneven business landscape that they’ll help to forge. They’ll provide the same poor customer service as they provide in their stores. I’m sure they already have their offshore customer service offices purchased and ready to staff (as too many other businesses do).
David in Turlock, CA
Monday, August 29 at 06:56 PM
“If they have their way, then a major % of us will be working for Wal-Mart, one way or another.”
So? If any competing company had its way, a major percentage would be working for it.
“We’ll be tied to their land (figuratively speaking). “
Figuratively meaning “not at all”. We’d not be tied to their land at all.
“As for their ‘bank that’s not interested in banking perse’, they have asked for exemptions that will give them huge advantages over other banks”
So? If it means they become a better bank, fine.
“LOL It’s a bold-faced lie. After a bit of time, you’ll have your precious bank, and they’ll crush competition “
They will only crush competition when the competition does not even bother to compete.
“provide the same poor customer service as they provide in their stores.”
You mean excellent service? In my town, the Walmart service is above average for other chains and for small independent stores.
“I’m sure they already have their offshore customer service offices “
So? I do not begrudge a worker who can do the job better, no matter what country they are in. I’m not some sort of nationalist bigot or racist.
I never used to be so pro-Wal-Mart until these activists came out of the woodwork. They are trying to force their view on everyone. What ever happened to “if you don’t like a store, don’t go there” ?
justice in purgatory
Monday, August 29 at 07:30 PM
this is comical...i saw the same blurb on wakeup walMart earlier today...is this some grand conspiracy of lee scott to perpetuate global ddominace or what....
hilarious,....he is hte new saddam of retail…
dan
dan skip in
Monday, August 29 at 09:00 PM
as David said there are multiple meanings to lots of words.
To go back to the sometime perjorative ‘fag’ it can also mean as faggot a bundle of sticks or again with fag--br. slang for a cigarette.
To serfdom we go. It’s been a touchy subject to some people to bring up the sweatshops overseas that a business such as WM exploit (along with others) and at the same time would like us to know that they have nothing to do with the operation of this or that one. But they do. These places exist just because of them and others like them. And when people work 14 or 16 or 18 hours a day including children you have pretty much a scenario not all that much unlike one in what might be described as a feudal society. Way up on top of a cloud in another country to these shall we call them wretches (?) we have a hero bringing in his 17 million and change while many of his exploited have hardly enough to eat. Sure they gave 1 million buckaroos to flood relief---that’s about 1 eighteenth of the hero’s annual renumeration. They also have an art museum in the works. You don’t actually think they’re heartless do you?
They believe in charity too. And they want you (as in the public) to know that. Every time they do something ‘generous’ they want you to know. It’s funny though how hard they try to sweep anything ‘negative’ under the rug. Like the sweatshops.
larry in elmira, ny
Tuesday, August 30 at 12:10 PM
I must say i got here by mistake, but now i know it’s destiny. Great site! Revelations of John: http://skys.jp/blog/archives/200504/06-1228.php , Naked truth
Nicolas Trumen in USA
Friday, September 09 at 04:30 AM
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