| By the way, their whole premise is wrong. They say that all the money is sucked into Walmart's head office. this si obviously wrong since only a fraction goes to pay franchising fees. And in any case what matters in an economic system is not how much "money" (WEhich is worthless in and of itself except as a medium of exchange) is in a particular geographic area, nor is it howe many capital goods are in that same area, it is how satisfied the people in that same area are. Perhaps some small businesses go out of business, but they usually pay their workers less than Walmart does. On the other hand other small businesses will start up. For example, people spend less money on groceries and clothes, so they will now have more money to spend on home improvements, tailoring, artwork, etc. All those businesses which don't comepte with Walmart will experience a boom in sales because of the increase in disposable income which people will have.
The "plague" of Walmart is called progress, I suggest luddites go find somewhere else to propagandize. |