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Sunday, 4 May 2008!
HandWritten on; 09:18


Ok I found some really interesting "WE HATE WAL-MART" sites, so here's some information about this giant corporation.

http://walmartwatch.com/issues/corporate_culture/

"At Wal-Mart, we’re proud of the positive economic impact we have on communities—from the job opportunities we provide to the money we save working families; and from the tax revenue we generate to the contributions we make to local charitable organizations. Wal-Mart is a good neighbor that benefits local economies and makes positive contributions to the thousands of communities we serve and have a presence in nationwide." --http://walmartstores.com/FactsNews/FeaturedTopics/?id=8

"Last April, Wal-Mart CEO Lee Scott announced the Jobs and Opportunity Zone, a program in which 10 designated Wal-Mart stores will work with the surrounding local businesses and suppliers to spur job creation and economic development. The West Side Chicago store – the first inside city limits – was the first Zone, and with today’s announcement, the company is fulfilling its commitment to nine other communities.

"Wal-Mart’s entire history is one of bringing benefits to American consumers who need them most, and today’s announcement is in keeping with that tradition. We’re proud you’ve selected Indiana as a site for this initiative," said Governor Mitch Daniels.

“It’s great to see a national retailer choose to locate in this neighborhood, which will bring new opportunities for local residents and the community,” said Pennsylvania Governor Edward G. Rendell. “The decision to locate here helps lure additional businesses to the area, providing residents with more convenient access to quality products, which in turn, keeps more consumer dollars in the community and translates into a better quality of life.”

Each of the Zones will be anchored by a Wal-Mart store and engage a host of local businesses and organizations with which the company will work to increase economic opportunities in surrounding neighborhoods. This initiative will create more opportunities for small businesses to capitalize on the benefits of having a Wal-Mart store in their community.

Wal-Mart will collaborate with local chambers of commerce, business groups, minority chambers of commerce and minority and women-owned businesses within these Zones to direct hundreds of thousands of dollars in grants to these communities."--http://walmartstores.com/FactsNews/NewsRoom/6275.aspx

Truly, it is very difficult to see this happening because from the comic, instead of really "creating many job opportunities and helping to create more opportunities for small businesses to capitalise on the benefits of having a Wal-Mart store in their community", I think it will put the smaller stores out of business. Think of it this way: there is nothing that Wal-Mart does not stock in bulk (and therefore sells it at cheaper prices) that shops are selling. Since Wal-Mart is a discount megastore, due to lower prices, there is a greater quantity demanded of its stocks as compared to the same thing for a higher price at a small neighbourhood shop. Acknowledging this, I think the comic instead of the Wal-Mart guy is right.