Walmart's policies and operations are bad for our economy. I can not even name all of the reasons. But here are some:
Outsourcing: Many of Walmart's product come from companies within China or other nations wanting to get a buck for America's materialistic tendencies. Sure this is good for their economies, but as far as America;s economy, it is bad for these reasons: It takes away jobs for many Americans by putting U.S. companies out of business. Many U. S. companies are unable to compete with the prices of other companies because of regulations posed in the U.S. that foriegn companies do not have to deal with. They are forced out of the marlet and many people lose their jobs, just like what happened ot Rubbermaid whose products were not the cheaper, but they were the better. The rubber used in their products rose in price, so therefore their prices rose. When it rose, Walmart said they would not sell their products unless price went back down and the only way to do so was to lower the quality of their products. Because of this, Rubbermaid lost to their competitors. Also, when one outsources, it sends U.S. dollars out of the country, and therefore causes problems wiht our currency. It also means that our import, export amounts change more toward importing more which is also horrible because it causes dependency other countries. Our relationship in trade with CHina is a bad one. OUr economy is so interwoven with theirs, that if their economy collapses, we are so dependent that we will be pulled down with them. Read More »


