Wal-Mart is probably the biggest cause of the transfer of wealth in the US and abroad. They have shifted hundreds of thousands of jobs from the US to China and many other countries (is anyone reading this?). Also, thousands of US businesses, which contracted significant amounts of their production to Wal-Mart, were forced out of business when Wal-Mart quit purchasing from them. Yes, they have offered lower prices to the consumers, but time has proven that in the markets that they control, those prices have gone right back up. Those same markets, Wal-Mart will continue to control due to their global buying power.
Shall I go on? If anyone is interested, they should visit
www.walmartwatch.com