The closed circle of Wal Mart economics

[OneMoreDemocrat]

16. Walmart is a business, they exist to make money...

I am so tired of the 'Walmart is causing Mom & Pop stores to close, etc., etc., etc.' line.

If you made something, whether it be a bar of soap, a shirt, lip gloss, whatever, and you could get it into 40 Joey's Mom & Pop stores, or get it into 40,000 Walmart stores, which would you choose? Companies will spend less on production on each 'whatever' to make a huge profit by selling a ton of their 'whatever'.

That's not Walmart's fault, any more than it was Sears' fault 50 years ago or Woolworth's fault 80 years ago...or for that matter the Internet's fault 10 years ago.

Economic life in America has changed so that it won't support Mom&Pop shops anymore except in tiny pockets here and there. I was born in the 70's and I remember as a kid going to the Mall and department stores then and not that many Mom & Pop stores anyhow...that business model died a long time ago and it's a natural evolution in a country this size.

As for the definition of success for a business being something other than financial, no of course not that is the ONLY measure of success for a business...if they are good corporate citizens and do good things in their communities then that's great, but to expect it is folly.

How in the world can you expect any for-profit retail business to concern themselves more housing or better services is beyond me; the best you can hope for is that they would pay more so the people in that community could build those things for themselves, which is generally the way it works.