WalMart is the largest employer in the United States. WalMart is the most prolific drygoods seller in the US. WalMart has also affected the way other companies compensate their employee, including influencing the City of Chicago to back away from a hike in the minimum wage.
What kind of impact do you think WalMart might have in China? This will be an interesting socio-economic experiment, as WalMart becomes China’s largest operator of hyper-markets, and positions the smiley faced low cost leader at the top of the list of food and department store operators. Forget world domination by Islamo-facists or democracy.
Soon, the world will run the WalMart way.