Anti-Trust
Wal-Mart’s big box empire is now the largest in China.
The retail giant recently moved to acquire Trust-Mart, the Taiwan-based superstore chain with some 100 or so outlets in Mainland China.
If you’re like most Americans, your reaction to this news is probably something along the lines of: “How terrible! Now the Chinese as well will suffer under the ruthless, monopolistic practices of…What?! We have a 70 billion dollar trade deficit?! What are we waiting for? Start pouring those Wal-Mart foundations! Grind those Orientals to dust beneath the advancing treads of our unbridled capitalist juggernaut!”
The exact imagery you use may differ slightly.
At any rate, I received my introduction to Trust-Mart through Hangzhou’s own local supercenter located in the shopping mall below the Yellow Dragon Stadium. If you can imagine a Wal-Mart store, only with no air conditioning, Kenny G music blaring intolerably loud (no, I don’t just mean “audibly”), and three times the number of workers on shift than is necessary, then you’ve got a general idea of what Trust-Mart is all about.
I know shopping at Wal-Mart isn’t exactly the pinnacle of the human experience, but certainly they can improve upon the chore of trudging through a sweltering department store as a dozen plasma TVs scream the same Chinese skin lotion commercial at you in unison.
Chinese Wal-Marts are unionized (O, the myriad ironies!), so hopefully Trust-Mart workers will be okay under their new masters.
Fare well, my flagrantly-overstaffed comrades.
There is the similar article in New York Times that i was reading today:http://www.nytimes.com/2006/10/17/business/worldbusiness/17walmart.html?_r=1&th&emc=th&oref=slogin
↓ Quote | Posted October 17, 2006, 9:22 pm