Reply #6: and outsourcing jobs, as well as manufacturing businesses.

[BrklynLiberal]

Wal-Mart is no small player in this collapse.I read that Walmart, if looked at like it was a country, would be the second largest importer of goods from China in the world. Walmart imports something like 90% of its goods from China...cheap labor, cheap goods, forcing companies in US that used to make these goods here to either go out of business or outsource the manufacturing.

Walmart, all alone, has destroyed thousands, if not millions of businesses, some large, and some just Mom and Pop stores in small towns.

In an attempt to maximize the bottom line, Walmart and companies with the same bottomline obsession have thrown out the baby with the bathwater, so to speak.

While their private bottom lines may have been getting better, the overall economy and trade balance of the entire country was being slowly choked to death.


http://www.associatedcontent.com/article/1177293/how_shopping_at_walmart_destroyed_your.htm

How Shopping at Walmart Destroyed Your Job
Walmart is the world's largest publicly-traded corporation. They sell more things and employ more people than anyone else in the world. And when they move into town, people go out of business.

Most of us don't work for the kinds of Main Street, mom-and-pop style operations we expect to see Walmart displace. But its effects are felt far outside of the local area. Since 2004, Kraft Foods has shut down 39 plants and fired more than 13,000 workers, in response to pressures placed on them by Walmart. Walmart sells more of everything than anyone else, and they have the power to make demands that nobody else can make -- on the United States economy, and on the entire world.
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