Is Walmart a new model of all-American socialism? People's Republic of Walmart (Verso, 2019) would suggest so. Reaching to Fredric Jameson's footnote in Archaeologies of the Future, and later to his work Walmart as Utopia, authors Leigh Phillips and Michael Rozworski suggest that Walmart—as well as Amazon, and even the Pentagon—are planned economies, at scale, organized outside of market relations. Exactly the sort of thing Austrian economists would have said is impossible.
Review: People's Republic of Walmart (2019)
Review: People's Republic of Walmart (2019)
Review: People's Republic of Walmart (2019)
Is Walmart a new model of all-American socialism? People's Republic of Walmart (Verso, 2019) would suggest so. Reaching to Fredric Jameson's footnote in Archaeologies of the Future, and later to his work Walmart as Utopia, authors Leigh Phillips and Michael Rozworski suggest that Walmart—as well as Amazon, and even the Pentagon—are planned economies, at scale, organized outside of market relations. Exactly the sort of thing Austrian economists would have said is impossible.