mercedo's Journal: Age of Walmartisation

Age of Walmartisation

Now that the age of walmartisation has come. It affects not only our society superficially but profoundly. Then how? I tell you here.

Walmart already has some domestic supermarkets. They are just middle class sized and their affiliation has not affected so much so far. From what it has owned, Walmart has been trying to merger the biggest supermarket called Daiei-I think this name is totaly unfamiliar to American people, so I italisized. Daiei was completely financially collapsed few years ago, but owing to its size, widely thought that its bankruptcy will affect all over Japan's society, only for this reason, this company's bankruptcy has been put off till now.

But now the time has come. The situation around this company has already reached in the point of no return. We all now face a situation, which is make or break. Walmart showed its strong interest in supporting this company financially just few months ago. In short it wants M&A of this company. According to newspapers, there are four groups that are interested in reconstructing this company. The list is here.

Ripplewood-US capital

Walmart&Goldmansacks-US capital

Aeon - domestic supermarket

Itoyokado -domestic supermarket

Among four groups, actually US group and domestic group are competing. The breaking point is that it is not only American group who support American company to acquire Daiei but domestic company too. I mean Sumitomo financial group supported Walmart&Goldmansacks group.

Historically we Japanese all has been facing difficulty and attack from the foreign capitals by and large.

At this moment we are not sure who's going to be the reconstructor of this bankrupt company. But everybody knows in the number of premises and in its size of business, Walmart surpasses by far more than domestic competitors. Ripplewood is an investment company. It is very much likely for Ripplewood to sell this supermarket after Ripplewood purchase first. To Walmart of course.

If Walmart acquired Daiei, we are not totaly sure what would have become of our nation's financial map. I think very drastic change will have been waiting to come.

Consumerization

[Marxist Hacker 42]

Wal*Mart's end result (see previous message in your journal) is this: They think that first world nations should all be consumers and service industry people- no manufacturers at all. They are worshipers of David Ricardo, a contemporary economist to Adam Smith, who said that comparitive advantage means that goods should be produced in the cheapest possible country.

The end result of the walmartization of Japan is the same as in the United States- a culture full of consumers with no producers. Debt will b

Re:Consumerization

[mercedo]

You noticed? I'm not well versed in economics. In other words I am not good at it.

They think that first world nations should all be consumers and service industry people- no manufacturers at all.

Obviously very interesting idea. Before I believe in so, I have to confirm myself.

They are worshipers of David Ricardo, a contemporary economist to Adam Smith, who said that comparitive advantage means that goods should be produced in the cheapest possible country.

As I suggested above, I only know their name.

Our Task

[Marxist Hacker 42]

I hope to find a way out. I don't see one without a civil war or a major change in the basic axioms that have governed corporations for the last 160 years.

Re:Our Task

[mercedo]

I just want you to bear it in your mind that the most important point Karl Marx couldn't see was he was unable to make allowances for the revolutional development of high technology, the advent of the age of post industrial society. That's why Marxism has already died away. We have to think of making the most of this corporationism instead of trying to have the slighest idea of changing the direction of this trend. That's our task.

Re:Our Task

[Marxist Hacker 42]

See my latest JE on Technocrat.net- on the communism of Thomas Jefferson. Corporatism is so corrupt that it has no possibility of doing anything other than going the way of Marxism- it will take advantage of high technology, but that advantage will be limited to the few rather than the many- that way leads to slavery, and eventual rebellion and civil war.

Re:Our Task

[mercedo]

Let's arrange the matter.

Jean Jacques Rousseau (1712-1778) wrote 'Discourse on the origin of inequality of humans' (1753)in which he pointed out the existence of inequality particularly characteristicically raised in 18c pre-industrialised society.

Thomas Jefferson (1743-1826) wrote 'Declaration of Independence' (1776) Third President 1801-1809 was naturally deeply influenced by European Enlightenment Thinkers, came to be the first to realise their thought in the New continent. French Revolution (1789) f

Re:Our Task

[Marxist Hacker 42]

America is too wealthy to form this particular social type.

America isn't nearly as wealthy as most people think. In fact, thanks to a really wierd quirk in the current multinational corporatism- the trade deficit- America really has very few corporations left owned by Americans. If it wasn't for Saudi, German, French, and Chinese money proping up our stock market, the last recession would have been a depression. The end result of Walmartization has been the selling off of control of American Corporatio

PBS Frontline

[Degrees]

There is a TV show here in the USA called Frontline, that does documentaries. They send out different journalists with a TV crew, and a few months later, they come back with a story. A couple weeks ago, they had a show named "Is WalMart Good For America?"

There two sides to everything.

The good side of WalMart is that they generally have lower prices than their competitors. This means, as a consumer, my dollars last a little longer, when I shop at WalMart. For example, my wife buys DVDs there, because they

Re:PBS Frontline

[mercedo]

I think current situation the WalMart company is trying to enter the Japan's closed market is a bold try US giant company ever made. Obviously it's useless for us to try to prevent foreign investment's coming into Japan's economy, but how to go with them how to get together in harmony with them are by far important.

Their try must be just the initiation of the big bang( total liberation of people, material, money). In some way or other we have to prepare for the rainy day anyway...