Walmart is anti business.
Anti-business? Hate to tell you, Walmart IS a business.
Try to find American made products there. And who always goes out of business when a Walmart opens up? All the small, local merchants. Such a great victory for America.
Actually, I just bought a set of towels there. Made in USA, and the quality is excellent. Lots of stuff there isn't from the US, but there is quite a bit that is, too. There are still many things that are more economically feasible to make here.
Statistically overall, Walmart is actually good for small, local merchants. There are 1) people now employed who have more money to spend, 2) savings from items bought at Walmart equates to more to spend at other places, 3) competition helps define or redefine businesses. We're going to have a new Walmart in town in 2008. It's on a side of town that has been largely overlooked for the service/retail sector development. Now, there are numerous new business and franchises making plans to come to this side of town. Will some locals be hurt? Probably, if they don't make plans and adapt.
A great victory for America? Of course! Walmart is a wealth creator. There are times it is my shopping destination of choice, and times it isn't. There are two sides to the coin, and you are failing to recognize that.
Let's all pay a few pennies less for our consumer crap so the big corporations can continue to liquidate assets here and move their production to China. And all with generous tax incentives, courtesy of the US Congress. Talk about short sighted.
Few pennies less? Estimates range from 16-30% resulting price increases if we adopted the isolationist policies you advocate and moved all production back into the US. Production of goods has moved to China, and many other countries, not due to Congressional tax incentives. On the surface many think it is tax incentives, but it is actually repressive taxes and regulations NOT to move off-shore.
Where Congress has missed the boat is in the area of tariffs and duties on goods coming into the country. Our goods going to other countries are often met with charges two, three or more times the charges goods from that same country coming in here. Walmart has merely utilized that fact to their advantage, and that's good business.
I can't disagree about Congress being short-sighted. Ross Perot said it well in 1992 when he labeled that "big sucking sound." It was primarily about NAFTA, but he also foresaw additional, global ramifications.
I wonder when the moment was that Americans got so stupid? What was the historical and cultural tipping point? I wonder what prompts Americans to commit suicide so that the multi-national corporations can satisfy their share holders bottom line. America has become a nation of servile, slobbering idiots who anxiously swallow what ever lame rational big business offers. Anything to save a couple of bucks.
Okay, well.... Yep, Americans HAVE gotten "stupid." My phrase is, "Stuck on Stupid." As the dumbing down has occurred in our state run schooling, combined with the entitlement attitudes, with a good measure of victim mentality, and finally mixed together with a narcissism that has grown at the rate of the increase of our technology. Voila! This is what you get?
The corporations are responsible for increasing the bottom line for the, dare I say it? SHAREHOLDERS!
Those "servile, slobbering idiots" are all of us, investing toward our retirement. We're the ones saving for our kids college. We're the ones hoping that our 401K's grow through our employers, or that the companies retirement and benefits packages will remain solvent.
And at this point, saving a couple bucks has nothing to do with it. The idea is to make
a couple bucks.
The biggest thing I hate about Walmart is that I didn't buy shares when dear old dad advised me to back in the 1970's. Sigh...