The Google-Mart Economy
(def.) A business environment defined by (1) an expectation of total informational transparency and accessibility and (2) a requirement for flawless logistics and operations. Named for Google and Wal-Mart. (c)Josefowicz Associates, LLC
Meanwhile from today's Financial Times:
Story of Wal-Mart is the history and future of America:
"Wal-Mart, this book argues, is America in so far as its growth reflects the wider economic and political conditions prevailing in the country and the world at the end of the 20th century.
Technological innovations such as barcodes and satellite communications gave the retailer the tools it needed to construct a retail empire. The shift to a more laissez-faire regulatory and trade environment since the 1980s created the conditions to expand. The emergence of China as the world’s manufacturer provided more opportunities for growth and Wal-Mart’s buying power gave it the ability to exploit the emerging opportunities."