posted on Oct, 3 2010 @ 11:13 PM
One of the big problems with Wal-Mart is that it drives out all other businesses when it comes to a place. They are such a huge corporation, and can
buy things in such enormous bulk that even the price they sell things for undercuts their competitors wholesale costs.
It's not such a big problem when they are located in large cities, but in small towns they put everyone else out of business and then it literally
becomes the only place one can buy most anything (and everything - they sell EVERYTHING). Small business, especially, have no chance against them,
but even other large chains usually die in their wake. Even big chains like K-Mart and Woolworth, which were doing the same thing but at a much
smaller scale, have been either pushed out of a lot of places or, in the case of Woolworth, gone out of business altogether.
There have been economic studies about the effect of Wal-Mart on the U.S. economy, and while in the short run it makes for cheap goods for a lot of
people, it ultimately has a very depressive effect on the economy as fewer people make as much money because, well, too many of them are now working
at Wal-Mart making very little money. The company has over 2 million employees, mind you there are just under 300 million people in the U.S., so
we're talking about a company that employs nearly 1 out of every 100 people in America. It's really scary. It's such a big company, with so many
employees, that its effects are actually quite significant on the macro-economic scale. It's been called "a stone around the neck of the American
economy."
edit on 10/3/2010 by LifeInDeath because: (no reason given)