Quote:
Originally posted by Ustwo
Sorry but I don't buy it, pun intended.
If the prices are too low to sustain the industry the company goes under. If the company goes under, wal-mart has nothing to sell.
So stuff is going overseas, its not walmart that is to blame.
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I normally agree with Ustwo but I can't in this instance. Wal-Mart doesn't give a damn about anyone but Wal-Mart. If they can't expand and find product horizontally they expand vertically and make, or have made, their own label. The whole intent of the article is to show just how rabid they can get and that the end result is the export of jobs. The fact that they force American business to be competitive is fine - the fact that they can leverage them out of business by virtually blackmailing them on price isn't fine - If you do a little bit of checking you'll find that Wal-Mart is the most sued business on Earth. A law suit is filed against Wal-Mart about every thirty seconds and only a small percent are by customers - most are by suppliers.