Preview

Why Wal-Mart Is Bad for America

Best Essays
Open Document
Open Document
3172 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Why Wal-Mart Is Bad for America
Starting out with a single store in Bentonville, Arkansas, Wal-Mart has not stopped expanding. The First Wal-Mart store was opened in 1962 by a Mr. Sam Walton. He opened the store with one intention: sell products people need at the lowest price available. Wal-Mart has since blown up into a globally known and used corporation. Currently, more than fifty percent of all Americans live within five miles of a Wal-Mart store, which is less than a ten mile drive away. Ninety percent of Americans live within fifteen miles of a Wal-Mart. (Fishman, 2006). Wal-Mart is bordering on 9000 locations worldwide including operations in Mexico, United Kingdom, Japan, and India.
Wal-Mart is undoubtedly a global powerhouse. This powerhouse is impacting its home country. Wal-Mart affects American businesses and employees. This massive corporation affects the health of the United States. It has many affects as it spreads around the world. “A century ago, the companies that dominated the global food trade were wholesalers. Today these giants are dwarfed by the supermarkets that govern the global food system from farm to fork” (Patel, 2011). In other words, supermarkets or “superstores” have dominated and taken over the food system. Wal-Mart would be the leader and most profitable giant in this group. With the company’s rampant globalization and its negative impact on American businesses, employees, and overall health, Wal-Mart has proven time and time again that it is no good for America. To begin with, Wal-Mart’s rapid growth has led to great success for the company, but at the expense of small businesses around the nation. “Supermarkets rule the food chain” (Patel, 2011). Smaller shops and businesses have been taking huge hits in recent years. Small “mom and pop” stores have been the backbone of American society and a symbol of the American dream since the founding of the country. That being said, Wal-Mart has been in constant competition with these stores, and many say



References: Bianco, A. (2007, February 20). Wal-Mart: The bully of Bentonville: How the high cost of everyday low prices is hurting America. New York: Crown Business. Chu, J Clark, C. S. (1996, August 16). Child labor and sweatshops. CQ Researcher 6, 721-744. Ehrenreich, B. (2007, August 20). Unregulated capitalism exploits the poor. In J. Norman (Ed.), Opposing viewpoints: How can the poor be helped. Greenhaven Press. Fishman, C Freeman, R., & Ticknor, A. (2003, November, 14). Wal-Mart is not a business, it 's an economic disease. Executive Intelligence Review, Retrieved July 7th, 2011, from http://www.larouchepub.com/other/2003/3044wal-mart.html Glazer, S Greenwald, R. (Director). (2005). Wal-Mart: The high cost of low price [DVD]. Available from www.walmartmovie.com Gross, D Halebsky, S. (December, 2010). Small towns and big business: Challenging the Wal-Mart superstores. Reviewed by R. Massengill, In Gale opposing viewpoints in context: Social forces. High risk, high reward. (2006, October 14). Economist, 381(8499), 32. Kenner, R Matusitz, J., & Leanza, K. (2009, June). Wal-Mart: An analysis of the globalization of the Cathedral of Consumption in China. Globalizations, 6(2), 187-205. Patel, R Van Riper, T. (2008, January 10). Wal-Mart is good for you. Forbes. Retrieved July 14, 2011, from http://www.forbes.com/2008/01/09/walmart-retail-economy-biz-commerce-cx_tvr_0110walmart.html Preface to “should Wal-Mart unionize”

You May Also Find These Documents Helpful

  • Better Essays

    References: Sederquist, D. (2005). The Wal-Mart Way: The inside story of the success of the world’s largest…

    • 1117 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Wal-Mart does not benefit the American economy. It is a privately owned business that was established in 1962 by Mr. Sam Walton in Bentonville, Arkansas. Walton opened Wal-Mart as a one-stop shop providing services at unbeatably low prices. Wal-Mart has opened many stores, and its development dominating most parts of the American society. Arguments have been raised on the implications of these low prices to the U.S economy and its communities. Film maker Robert Greenwald highlights the impacts of Wal-Mart on small American societies in the film, "Wal-Mart: The high cost of low price." Greenwald has covered different aspects of Wal-Mart in the film like increasing government spending, eliminating small business and abuse of workers. According to Greenwald, overreliance on Wal-Mart has negatively impacted the American economy and society, both locally and internationally.…

    • 602 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “A progressive success story.” Mallaby offers a few words from Jason Furman of New York University in description of the company so many know as Wal-Mart. Using his key points in defense of his own, Mallaby continues in offering from Furman, that if one counted not only the discounts shoppers save on the food but the other products found in the store, savings might likely pass $200 billion every year. Such a number is a considerable amount to anyone, but its no doubt a savings that low income families would not likely pass up, because as Mallaby puts it, “The average Wal-Mart customer earns $35,00 a year” A significant gap when being compared to other retailers, their customers raking in anywhere from $50,000 to $74,000 a year.…

    • 671 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Wal-Mart 's army of around 3,400 stores has created some job opportunities, but think of all the jobs lost due to choking out small locally owned businesses as well as the thousands of factory jobs lost due to Wal-Mart 's low production demands. Wal-Mart 's size, convenience, as well as its variety of over 120,000 items makes Wal-Mart a fierce competitor to any business. Due to Wal-Mart being built in the majority of cities and towns no matter the social status, many striving small businesses cannot compete with Wal-Mart 's unbeatably low prices and convenience and are forced to terminate their business. This may be an example of "survival of the fittest", but this process is hurting the economy. Eighty percent of Wal-Mart 's suppliers are from China and that means the more Wal-Mart 's there are, the more foreign products floating around, and less American made production (Is Wal-Mart Good for America). This lack of American production is what causes American factories to shut down leaving their employees without jobs. Even if these employees decided to work with Wal-Mart, they would make around half of their normal salary, as well as no pension, health care, or the job security benefits that have been the norm in factory work. "A…

    • 1034 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Wal-Mart gives their customers more advantages than disadvantages, when those customers receive low income. As the advantages outweigh the disadvantages, they include low prices, a variety of goods, and jobs that people are willing to work for. These attributes that Wal-Mart possesses are often overlooked but cannot be denied once shown. It gives people an option to fall back on when in need, and is able to grant a more enjoyable way of living. Despite all of the controversy, Wal-Mart is good for…

    • 888 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Freeman, Richard. "Wal-Mart Collapses U.S. Cities and Towns." Executive Intelligence Review - LaRouche Publications. 21 Nov. 2003. Web. 16 Nov. 2011. <http://www.larouchepub.com/other/2003/3045walmart_iowa.html>.…

    • 1497 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    I found this article very interesting to me because there are many factors involved in this issue. Wal-Mart is a great retail company growing at a fast pace and but I do not know if I can call it a great company from the United States if actually seems like it is hurting their economy since a great amount of people…

    • 747 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Everyday many Americans shop at the retail giant Wal-mart. They sell everything from food for the refigerator to toys for children to furniture for your home. This retail monster saves many Americans money on day-to-day basics. "Always Low Prices" id the slogan for Wal-mart and they deliver the promise but at what cost? While charging low prices comes with consumer benefits, mounting evidence from across the country indicates that these benefits come at a steep price for American workers, U.S labor laws, and community living standards. (Miller, 1)…

    • 435 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Wal-Mart is the largest and most successful retailer in the world. It employs more people than any other private company in the United States (almost 1.2 million) and has world-wide sales of over a quarter trillion dollars, more than four times that of its nearest competitor. The foundation of this impressive record is the company’s ability to keep it promise of customer-friendly service and low prices.…

    • 4451 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    Bibliography: Suzy Jagger, The Times: Profit warning by retail giants as Americans feel the squeeze, August 15 2007•Seeking Alpha: Now Is 'Wal-Mart Time ' Despite Dismal Retail Forecast by: Money Morning, November 30, 2008. http://seekingalpha.com/article/108435-now-is-wal-mart-time-despite-dismal-retail-forecast,•Datamonitor: Wal-Mart to focus on expanding outside the US, Published: 30 Oct 2008•Philippe Lasserre, Neil Jones, Management Today - Wal-Mart in asia, The retailing colossus now strides the earth, http://www.managementtoday.co.uk/search/article/548129/wal-mart-asia-retailing-colossus-strides-earth/•Wal-Mart.Watch: California attorney general would like to kind remind you to check your receipt, http://walmartwatch.com/blog/tags/tag/legal+issues/,•Wal-Mart.Watch: Labor issues in Canada plague Wal-Mart, http://walmartwatch.com/blog/tags/tag/legal+issues/,•John L Thompson, 2001: Strategic Management Fourth Edition, Pages 520-521•Kraft Foods, http://www.wikinvest.com/stock/Kraft_Foods_(KFT),•BusinessWeek: Salad Days For Web Grocers http://images.businessweek.com/ss/08/09/0904_btw/4.htm,•More Consumers Turning to Online Grocery Shopping, September 12th, 2008, http://blog.nielsen.com/nielsenwire/consumer/more-consumers-turning-to-online-grocery-shopping/,•Wal-Mart: Wal-Mart Issues 2008 Annual Report & Proxy to Shareholders: http://walmartstores.com/FactsNews/NewsRoom/8224.aspx,•Reuters: Walmart.com says not in online grocery delivery, http://uk.reuters.com/article/governmentFilingsNews/idUKN0640787720071106,•The online investor: Wal-Mart, http://www.theonlineinvestor.com/conservative_investors/wal-mart_wmt/,•Wal-Mart: Suppliers, http://walmartstores.com/Suppliers/248.aspx,•MSNBC: Wal-Mart struggling with rising theft, http://www.msnbc.msn.com/id/19211630/,…

    • 3008 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Walmart Affect The Economy

    • 1077 Words
    • 5 Pages

    Walmart is responsible for the closure of 40-50% of small discount stores between 1980 and 1990 (Kille & Ordway, 2015). One community in Chicago in 2008, experienced 82 of 306 established local business closed their doors because of the Walmart that opened in 2006 (Blasio, 2011). When people support small local businesses $68 out of every $100 stays within that community, where as with companies like Walmart only $43 of every $100 stays in the community, $25 out of every $100 not staying within the community does not sound like a large amount of money, but Walmart is a billion dollar industry, that means $250 000 000 every year that does not stay in small communities that could boost the economy of a city (Blasio, 2011). The closer a small business is to Walmart the more likely it is to close, if the store is within 1 km of the store it has between 35-60%, for every kilometre away the store is it decreases by 6% (Berg, 2012). The percentage could be varied by the type of store such as drugs stores have a 20% likelihood of closing, home furnishings is about 15%, hardware stores are about 18 and toy stores have a 35% chance (Berg, 2012). Walmart also decreases prices at other stores by roughly 7-13%, which can impact “Mom and Pop” store bottom line…

    • 1077 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Walmart Essay

    • 1877 Words
    • 8 Pages

    Wal-Mart’s rise to power is interesting and uncomforting in how quickly it flourished. The first store was opened in 1962 by Sam Walton in Rogers, Arkansas. By 1970, there were 38 stores, and by 1975, there were 125. In 1983, Wal-Mart had made its eighth year in a row as Forbes Magazine’s 1# retailer. In 1985, 882 stores had already been built, and in the next 10 years would reach a stunning 1,995 stores. Currently, there are 8,970 Wal-Marts; an average of 50 a state, and this number continues to grow. The story of Wal-Mart is truly nothing…

    • 1877 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Wal-Mart

    • 2452 Words
    • 10 Pages

    Among the many business enterprises and organizations that changed the world, Wal-Mart holds a very important position. Wal-Mart is the largest private employer in the world with over 8000 stores in 15 countries. Here is a brief the history of Wal-Mart, Starting off with Sam Walton’s idea of low prices in the 1940s, Wal-Mart has since then become the world’s largest public corporation, topping the list of Fortune’s Global 500 for the sixth time in seven years. With headquarters in Bentonville, Arkansas, this retail giant has over 2 million employees worldwide, with 1.4 million within the United States alone, making it one of the largest private employers in the nation. The first Wal-Mart was opened in 1962 by founder Sam Walton in Rogers, Arkansas with the help of brother J.L. (Bud) Walton. A mere five years later, the company had increased to 24 stores within Arkansas and had reached up to $12.6 million in sales. By 1968 Walton opened his first stores outside of Arkansas, in Sikeston, Missouri, and Claremore, Oklahoma, and a year later in 1969 incorporated all of these ventures as Wal-Mart Stores, Inc. on October 31. In early 1990s, Wal-Mart realized that the US population represented only 4% of the world's population and confining itself to the US market would mean missing the opportunity to tap potentially vast markets elsewhere. In early 1990, globalization and liberalization opened up new markets and created opportunities for discount stores such as Wal-Mart across the world. During the first five years of its globalization initiative (1991-1995), Wal-Mart concentrated on Mexico, Canada, Argentina and Brazil, which were close to its home market. It started with Canada and Mexico due to the similarities in people's habits, culture and the business environments in these countries and also because the North American Free Trade Agreement (NAFTA) made it…

    • 2452 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Case Study

    • 1414 Words
    • 6 Pages

    Wal-Mart is “the giant chain of discount stores, the second largest company in the world, with over $400 billion in revenue and 2.1 million associates.” (Philip and Kevin, p94) Wal-Mart began its business in 1962 when Sam Walton, the owner of Wal-Mart, opened up his first discount store in Rogers, Arkansas (Philip and Kevin, p94). In the next two decades, Wal-Mart expanding its scale rapidly. Since 1990s, Wal-Mart started to opened up its store in other countries, from then, it started to become an international company. But in the first few years of 21st century, Wal-Mart met some problems in lawsuit, marketing plans, and employees. At 2007, a new marketing strategy brought Wal-Mart back to life.…

    • 1414 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Small Business Advantages

    • 1017 Words
    • 5 Pages

    The saying that small businesses are the back bone of the economy is a statement that many people are familiar with and tend to agree with. (Chittenden) Small local Businesses are far different from large big-box retailer businesses. There is so much controversy between the two which causes many misconceptions. One misconception is that small businesses are not only known as small business, but entrepreneurs as well. They consider themselves “serious and committed businesspeople whose needs are not the same as those of a consumer.” (Megalli) Unfortunately, in recent years, there has been a major decline in the sales and profits of those entrepreneurs. This decline was caused by giant corporations taking over the market. The corporate monster that has caused most of the fuss is the Wal-Mart Superstores. Wal-Mart is the “corporate giant [that] destroys local businesses and provides low-waged jobs while being staunchly antiunion.” (Halebsky) Many small businesses were forced to shut down their operations because they simply do not have the means for competition. Although big business have some advantages over their smaller competitors heads like money, staffing, and production, small local businesses have just as many advantages that may be small in size but pack a real big punch in the long run. Some of those advantages include technological improvements, independence, quality, and plenty of motivation.…

    • 1017 Words
    • 5 Pages
    Better Essays

Related Topics