Wal-Mart recalls donkey product in China after fox meat scandal | Reuters

walmart beijing

walmart beijing (Photo credit: galaygobi)

This is an important MUST-READ story reported by Reuters. Check it out!

Wal-Mart recalls donkey product in China after fox meat scandal | Reuters.

The squeamish Western reader might focus their distaste on eating donkey and fox meat. BUT there is a much larger issue concerning Walmart and their global competitors, and that is related to quality assurance. Retailers like Wal-Mart have enormous power over their suppliers, so effective quality assurance rests with the retailer – after all that’s part of the brand image.

The article also looks at the global supermarket chains competing for a share of the lucrative China market.

For me this raises an important open question:

How should the power of giant retailers, like Walmart, Carrafour or Tesco,  be effectively controlled to support the best interests of the global consumer?

Any thoughts?

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More than 50 arrested at Los Angeles protest over Wal-Mart wages | Reuters

English: Inside the Walmart (still branded as ...

English: Inside the Walmart (still branded as Wal-Mart) at West Plains, Missouri. (Photo credit: Wikipedia)

This Reuters story from Los Angeles highlights the trend towards increasing power of big business and the the ineffectiveness of the unions. It’s a MUST READ, in my view. Check it out!

More than 50 arrested at Los Angeles protest over Wal-Mart wages | Reuters.

Whether one focuses on the US or the UK, the quality of jobs being created by Governments focusing on too much austerity, leaves a lot to desired. For further evidence, see the FT’s article on the UK.

Let me turn this to an open question:

Have employees lost too much power to big-business in the Anglo-Saxon economies like the US & the UK?

Any thoughts?

 

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