Tuesday, September 29, 2009

"Is Wal-Mart Good for America?"

The documentary that I chose to watch was “Is Wal-Mart Good for America.” Wal-Mart goes to any length to bring the lowest prices to the consumer. Though it may be good for the consumer, the effects of reaching those lowest prices have put Wal-Mart in controlled. One way for them to fit the needs of the consumer, they believe in low prices on objects made for by lower wages. They will give you a cheaply made object for a price you want then will put the good quality products not too distant. You may think that you are getting a good deal but it is just an illusion made by the cheaper object you saw in the beginning. Wal-Mart has a large monopoly over national businesses and international trade. Though Wal-Mart is the buyer, they have their suppliers wrapped around their fingers. If it was not for Wal-Mart being so popular and admired, many business wouldn’t be able to survive in the economy. Rubbermaid was a supplier and when the cost of the supplies to make their product went up, they asked for Wal-Mart to raise the prices at the store. Because Wal-Mart would not agree to the price increase, Rubbermaid’s product was no longer being sold. With no money coming in, Rubbermaid had to eventually to sell their company to a competitor. Also, with trading with products being made in China, causes for companies in the U.S. to have to keep their prices even lower. With many manufacturers being located in China, it has cut the employment rate here.

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