This article interested me because I'm from a small town and while I was growing up I saw first hand how a Wal-Mart can change a local economy. First off they opened just outside the city limits to avoid city taxes. Also all income generated by the store goes to a bank Arkansas. Basically Wal-Mart takes away from our local economy without any positives what so ever besides maybe a few low paying jobs that only increase our poverty level. Over the course of time as more and more customers flock to the store, local businesses lose money because they can't compete. Gradually stores close down from this lose.
When the superstore opened it didn't add on to it's old store but built a new store even further outside of town, mainly because my town expanded it's city limits to include the old Wal-Mart. The old building still sits there unoccupied because no other business needs that much space to operate. In my opinion Wal-Mart is a monopoly because they offer everything a consumer wants in one location like gas, food, clothing, and anything else someone might need. So all businesses in town have to compete against only one store.
Wal-Mart is raping America causing job lose, the depletion of local economies, and eliminating competition of other businesses. I'm just wondering when our government is going to step in and break up this monopoly before theres nothing else left.
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We were talking about this in my economics class and I completely agree. Back in my hometown, Wal-Marts are not nearly as popular as they are down here. It seems like everyone goes there, whereas at home everyone go to a foodstore for groceries, the gas station for gas, and the mall for clothes. Down here, people go to Wal-Mart for everything they need all in one stop, which can be very convenient. I feel bad for the small businesses who need to compete because Wal-Mart usually has the same things plus some all for a cheaper price.
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