The High Cost Of Low Prices

1067 words - 4 pages

Wal-Mart founded in 1962 by Sam Walton is now the largest American retail corporation. With thousands of chains of stores and warehouses Wal-Mart monopolized the American retail industry. In addition, Wal-Mart is the second largest retail corporation in the world employing two million employees world-wide. As one of the most valuable corporations in the world Wal-Mart continues to improve their sales annually while offering some of the lowest prices available. Wal-Mart’s famous low price guarantee comes at a high expense of the environment, the small businesses, education, the rights and safety of the consumer, but most importantly their employees. Although Wal-Mart plays a dominate role in American economy, this “American” corporation shows little remorse in the actions they take that negatively impact people, because they are gaining a financial benefit.
Over the years Wal-Mart has established thousands of new warehouses and stores in cities and towns nationwide. Although, Wal-Mart promises to bring an economic gain to the areas that they are built on. The building of their infrastructure and the traffic it brings along with it comes at the expense of schools, which lose money due to the subsidy granted to Wal-Mart and not them. In addition, the environment is also harmed by the building process and the chemicals and pollution that the stores and warehouse manufacture. For example, in the documentary a certain Wal-Mart received numerous complaints regarding the chemicals and pesticides that they had stored in their parking lot from a Brettenville, Arkansas EPA officer and resident. These chemicals would wash into the rivers nearby, when it rained, polluting the drinking water of the town. The chemicals were not removed until a local newscast station reported the incident months after it was initially addressed to Wal-Mart. Also the documentary addressed the numerous incidents where Wal-Mart subsidies lead to the demise and failure on many public education facilities and small businesses. This proves that Wal-Mart is only interested in its personal gain and reputation. A corporation as wealthy and powerful as Wal-Mart should invest in the communities and environments that it inhabits, but because it isn’t profitable for them Wal-Mart, the company that claims to be in the interest of the American people, neglects them.
Some towns that have been dominated by the monopoly that is Wal-Mart see up to 80% of the local crime take place in the parking lots of Wal-Mart. Many of these Wal-Mart’s don’t have security surveillance cameras outside of the store, unless they are cameras to get rid of union sympathizers. The fact that the actively secure the inside of the store protecting their merchandise and does not implement the same security outside of the store shows that Wal-Mart only cares about itself. In the documentary, notably around 30 cities were listed as having serious crimes of rape, murder, shooting, assault, and carjacking. Most...

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