The people who shop at Wal-Mart here always crack me up. They all look sick/psychotic.
I'm 100% Capitalist, I can't hate Wal-Mart for doing well.
Capitalism is designed for everyone, not one particular corporation, technically, what Wal-Mart does is price gouging. They can sell a product cheaper because they are the largest retail chain in the world, which gives them buying leverage.
Did you know that if I open a store to sell widgets and I buy widgets from a vendor, and widgets that are stolen come out of my bottom line.
Wal-Mart because they are so large tells vendors that if a widget gets stolen, it's up to the vendor to replace it free of charge.
I haven't noticed that here. We have lots of small businesses and I haven't heard of any of them shutting down because of Wal-Mart. I know they gave K-Mart problems. But Wal-Mart is giving consumers what they want.
There are many small businesses who have gone under due to Wal-Mart stores, you don't notice it as I believe you are close to the LA region, but small rural towns have seen the pain... Many small towns in rural America have had to close up their doors due to being undercut by Wal-Mart.
What I find interesting is that people say it's no big deal, until it's them... People who shop at wal-mart and say, I do it because it's cheap, are the same people who work for the Auto Industry and get upset when they are let go because American cars are too expensive.
It's a viscious cycle.
Interesting. I haven't read up on this. But is this really a bad thing? Seems to me it is what the market wants. They come in and offer more products at a cheap price, employ more people, and put more money into the economy.
And isn't the alternative socialism?
No, the alternative is a fair market place... my first example.
I'm not trying to redistribute wealth by any stretch, but there will be a "reckoning" of sorts... It can't be helped... the Economy is all of us, not just a few, and not just the most rich... Without you and me making money, Wal-Mart can't exist. No place can.
Wal-Mart was fine before the Sam died... His kids fucked it all up.