Wal Mart The Face Of Twenty First Century Capitalism

Introduction In the Module 5 SLP, this paper will demonstrate the understanding of a peer-reviewed journal article as it relates to business ethics. My selection was a scholarly peer reviewed article named â€Å"Wal-Mart: The Face of Twenty-First Century Capitalism†. Wal-Mart s historical roots can be carefully mapped out. The company did not become the world s largest corporation overnight. That process took decades, as several chapters from the book demonstrate (Lichtentstein, 2006). Nelson Lichtenstein s introductory chapter convincingly implies that Wal-Mart, like the Pennsylvania railroad in the late nineteenth century, U.S. Steel in the 1910s, and General Motors in the 1950s, is today s template business setting standards for a new stage in the history of world capitalism On October 11th, 2003 fifty-nine thousand grocery workers went on strike for nearly nine months fighting with together with their Unions against the major supermarket chains that were cutting wages, healthcare benefits and reduced labor costs. By March 2004, cashiers, baggers, and stockers all went back to work defeated. Wal-Mart was the largest company in the world and was rapidly moving in to the full-sized grocery business co-located with its general merchandise called â€Å"Supercenters† (Lichtentstein, 2006). Every organization has its own separate values and principles that set it apart from other organizations. 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