Ashley wrote:I live in Japan but not in the USA.
I was told today that a country will be governed and influenced by whoever dominates the retail industry which influences much on that country's economy.
Is it true?
To my knowledge, Walmart is a gigantic enterprise in retail industry in USA. Do they have anything to do with the US government or is US governmental policy and administration heavily influence by Walmart or the retail industry in general?
Ashley,
That's a pretty big question.
Maybe the best way to answer it would be to ask the same question in reverse. In Japan, do companies like Sanyo, Toyota etc have impact on governmental policy and administration?
Our countries are different and the answers are different to some degree because of culture and governmental structure.
The quick answer is, No. Companies such as Walmart do not have a formal position of power by which to dictate governmental policy and administration.
It's not that simple however. Companies and individuals in the US do have some means they can use to support those political parties that they believe will help them best when they are in power or to keep them in power. So it is common for companies and people within those companies to give donations to political parties and individual candidates.
Ironically, often time large companies will support both parties and give to candidates from both sides. Also, when you have a large based American company such as WalMart, part of the government's job is to monitor and enforce trade agreements that are designed to provide opportunity and fairness of American companies and it sometimes causes things to be blurred.
Making it even more complicated now, is that there are many large multi-national corporations that may have begun in the US but now have major presences all around the world and their size and influence raises them above simple international politics and policies.
A recent statistic that I learned in a Master's course I am now taking is that of the 100 largest economic units in the world, 51 are multi-national corporations and 49 are countries. (going by memory on that, but I think I'm remembering correctly.)
So, that may raise more questions than you are asking, but that is the best answer I know to give.
Bart