peptoabysmal said:
I do not understand this obsession with WalMart.
There are several people trying to contribute to this thread and all they've been able to bring with them is sarcasm and ignorance.
I'm a small business owner and an American citizen, but I'm not very eloquent. I'm going to bullet point some information about Wal*Mart that might open up some eyes.
* Walmart is extremely effecient and they require their suppliers to adopt the same high standards of effeciency. Walmart will drop any supplier that can't meet their demands. Unfortunately this means that Walmart's suppliers must move well paying American jobs overseas.
* In 2003 the U.S. had a 124 billion dollar trade deficit with China. Walmart accounted for 10 percent of that trade. That means that Walmart imported 12.4 billion dollars worth of product from China. Walmart also imports from Mexico, the Phillipines, Taiwan, Bengladesh, etc.
* I'm not against global trade when it allows workers in other countries to have a good standard of living, but Chinese factories are notorious for abusing worker's rights. Walmart, and therefore Walmart customers, indirectly contribute to this abuse.
* My business is located in Indiana. Whenever I need office products I get them locally (when I can... I have things like price labellers that take a certain size sticker that I have to get out of state). One of my major suppliers is based out of Indiana. The other one is based out of Tennessee. The money I spend of product gets used in and near my community. Contrast this to Walmart which is run out of Arkansas.
* Examples of Walmart wiping out local businesses have been documented on this thread already. Those businesses were all buying and spending money within their communities. When they lose their jobs they can't afford to spend as much money anymore. This can create a horrible vicious cycle where people are literally shopping themselves out of their jobs.
* Walmart creates a burden on communities by forcing the local governments to take up the slack on healthcare and other worker benefits.
* Walmart refuses to allow its workers to unionize. Any workers attempting to unionize get fired or drummed out.
* Some analysts speculate that Walmart is approaching total market saturation. Since part of their business plan requires them to open new stores in order to maintain the high profits, Walmart could be running into serious trouble in 2-3 years. I think everyone knows what has happened to K-Mart, Montgomery Wards, and Sears-Roebuck. If Walmart starts closing stores to keep from hemorrhaging money it will 'double-kill' communities where it has already clear-cut the local businesses.
Everyone who supports Walmart, please read these articles. I think they will challenge your thinking even if they don't change your mind.
http://www.goiam.org/territories.asp?c=5236
http://www.ksworkbeat.org/Issues/Wa...ore_Walmart_Stories/more_walmart_stories.html
http://www.fastcompany.com/magazine/77/walmart.html