Is Walmart bad for the economy? | DEBATEitOUT.com
In my opinion Wal Mart is bad for the economy because it has essentially put the mom and pop shops out of business.
Sure, when they put up a new store they create more jobs, but in my opinion every time they put up a store in a new area they create what I'll call one-sided competition.
There are a few people out there that are still willing to go to the smaller shops out of principle but when they (Wal Mart) charges next to nothing for the same or similar products, there is no way these smaller businesses can stay in business.
Sure, the local businesses provide things like developing a relationship with the customers but in an economy as volatile as ours, most people don't care about those sorts of things anymore, they just want cheap and they want it now and Wal Mart is playing on those feelings.
Not really blaming them. They are a corporation and they are smart. So I'm not blaming them, I'm just stating why I think they are bad for the economy.