Walmart Essay

Alex Manco professor McEachern English 112 30 September 2011 To the district Board of Trumbull, The Wal-Mart The modern day grocery store has taken some interesting turns with innovations much(prenominal)(prenominal) as the television, the car, and net income. eon the deterrent example set of such turns has al appearances been in question, it is no question that every major potful has taken efficiency to a impertinent level. Corporations like McDonalds, GE, and Bank of America turn out completely dominated the commercialise place with non only their vast resources and effective marketing systems, b arly by populate only if knowing they exist.While closely of these line of descentes turn over not gotten oftentimes more than actorful in past decade imputable to administration regulation of competition, in that respect is angiotensin converting enzyme business that continues to grow at a solemn rate Wal-Mart. It has now kick the bucket app arent that its g rowth has r apieceed Trumbull, Connecticut and in no way should a Wal-Mart be construct in our community. It is not as yet a matter of the problems our township would face as much as it is a moral wrong to the world as a whole. Wal-Mart may be legal in our thaw-market thrift, hardly economics are never that simple and must be case-hardened very carefully.It would not only break in businesses in the surface area, solely exercise the motive of corporations whose business tactics seem unbeatable to modern regulation. The Wal-Mart is not only store, save an inevitable business tactic that leave decimate the economy in two the short and long term. Wal-Marts get up to power is interesting and uncomforting in how speedily it flourished. The first store was opened in 1962 by Sam Walton in Rogers, Arkansas. By 1970, on that point were 38 stores, and by 1975, there were 125. In 1983, Wal-Mart had make its eighth socio-economic class in a row as Forbes Magazines 1 retail er.In 1985, 882 stores had already been built, and in the next 10 geezerhood would reach a stunning 1,995 stores. Currently, there are 8,970 Wal-Marts an average of 50 a state, and this number continues to grow. The story of Wal-Mart is truly cryptograph short of business success story, yet the speed of its success is slightly unnerving. So what do you think would be the go out of building this Wal-Mart in town? I suppose it would open maybe round 60 jobs tops in town, exclusively a majority of the jobs would be minimum wage jobs.Raising the employment rate of your town has nothing to do with the actual whole t ace of the town, and thats saying that all in all the community hired come from our town. Also, studies cede shown that Wal-Mart more often than not pay their employees 25-28% less than other retail/grocery stores (Dube, Lester & Eidlin 559). Maybe teenagers impart get a bit more capital, however the jobs that Wal-Mart creates build little impact on the flow of money. In fact, building a Wal-Mart would only hurt the flow of money in our town. All of the surrounding businesses leave not be able to fence. retail prices typically drop by 1 to 1. % the moment a Wal-Mart opens (Dube, Lester & Eidlin 562). Local grocery stores like Poricellis and Plaskos house not be expected to compete with a business of such power. If baseborn businesses fall to this Wal-Mart, then the unemployment rate go out probably serious about respite out with jobs your Wal-Mart get out have created. This will destroy the peaceful, miniature town whole tone of Trumbull, and replace it with room for collective siege. Our town would be sooner divergent if we allowed this, but it would also reinforcing stimulus an economic stool that could tear our economy apart.One thing that must be understood in familiarity to understand the entire threat of Wal-Mart is the causes and cause of a monopoly. The definition of a monopoly by the Merriam-Webster dictionary is, Exclusive ownership through and through legal privilege, command of supply, or design action. Monopolies gage be held upon anything, but typically the term refers to a corporations truss on one particular industry. This was more of a problem preceding the great depression. one-time(a) corporations such as Standard Oil, U. S.Steel, and at the time GE held what is called a tyrannical monopoly, which is an absolute run that flock for the most part, stinkpot not be beaten(a) without presidential term intervention. These old corporations would dominate by not only controlling their market, but the markets of the related goods and means of production. For example, U. S. Steel would have knock-down(a) holds in the railroads so that they may transport there steel to cities unaffixed of charge. With such control, the industries were free of competition cosmos that they had the means to set the standard for prices.Some would deal that this is good for an economy because it k eeps prices at an all time low, but this typically lowers the lumber of the goods they are selling as tumesce as remark low payment for workers being there very a couple of(prenominal) places of work when one company controls it all. Nowadays, the governance has precautions to prevent such dominating businessmen, but the economic order that is lively in place of the monopoly system, is not all that better. The fictional character of economic system the U. S. currently has is called a monopolistic competition. In order for the U.S. political science to deal with monopolies, they had made it illegal to hold such power in one business. Businesses, such as standard oil, were compel to break up into many different businesses so that they may compete with each other. This keeps the market ever changing and not stagnant, allowing for more free choice in a capitalist economy. Now even though there is no highly power of the market, there still are businesses that are signifi asstl y more correctly forces than others. This is what defines our monopolistic competition of our economy.It is an economy in general guided by larger corporations, but are not so powerful that they snuff out any small business below them. So term we have been able to make the free market as free as possible, there is still very much so a hierarchy. Wal-Mart sells everything cheaper than everyone. It has a hold not only over one market, but many. Therefore if factors are leftover unchanged, Wal-Mart would win the game of capitalism. These factors, as of now, are unchanged. First, Wal-Mart simply call fors to be everywhere. With 50 Wal-Marts a state and growing, that goal has intelligibly been reached.Their numbers are only increasing, this way in the future, anyone can reach a Wal-Mart. This also keeps their employment up. The more jobs they concede out, the more control of the standard of payoff they have. It also is good for publicity. Second, they need to maintain their infl uence on the media, other businesses, and government. Commercials and internet make keeping up appearances in media more than easy. Same with other businesses being that they need only to market their products. establishment though is trickier, but they exercised this strength of theirs somewhat recently.Since 1998, a campaign of women has been trying to treat Wal-Mart for wrongful discrimination. More than 100 women have been trying to attack the corporation for many individual accounts of discrimination and finally made it to the Supreme Court in June 2011. Unfortunately, the judgeship ruled in favor of Wal-Mart due to that these individual accounts have nothing to do with the corporation as a whole. This control shows that corporations are not held in condescension for the acts of their employees, which makes little to no sense.While this does not kinda mean Wal-Mart is above the law, it still shows the instance of influence they can hold in the law if need be. Although, even with this power, they can not hold absolute market control unless they maintain the lack of competition. Luckily, Wal-Mart still has competition, especially with those who find shopping their morally wrong, but this lack of competition may soon be at hand. The current debt crisis is continuing out of control, and nobody knows where it is quite going yet, but the outcome that is feared more is a depression.With a depression, many businesses, high- fortune and small, will fall and the economy will be an empty husk. The only people who will seem unscathed in the mist of this chaos are the large businesses, or Wal-Mart. They will have the resources to clutch an economy that has been wiped clean. Therefore, if there were on in Trumbull during such harsh times, it would be close impossible to open any modern business in the area. Without new businesses, an economy is very hard to rebuild, especially on a local level.More importantly, in a time a crises, one of the eventually t hings you want is for a majority of the riches to go to one place as history demonstrates. Having such an economic power exist in such little(a) times is perhaps the most riskiness we have been in for decades. As you can see, it is not very difficult for Wal-Mart to become dangerous, but what does this contrast? Why it contrasts the support for small business. Small businesses create a self sustaining system for the area, rather than an areas income being controlled by corporate conglomerates.The only problem with this is the system of economics. If a small business is successful, it is inevitable it becomes a big business, which could lead to another company to big for our own good. This is a speech rhythm that must happen as a result of capitalism. If we are expected to have such a free mournful economic system, we must learn to be responsible with our economy, and not allow businesses, such as Wal-Mart, to spread as promptly as they do. This is a lesson that will be learned the hard way if a Wal-Mart is built. Wal-Mart is the product of a capitalist economy. While it is simply good usiness, is an example of the inevitability of monopolies in a free market system. Thankfully, we have regulations to hold them back, but you can not count on the government to control the market for you. People need to see this pattern and realize that you can not fall into the lock tincture of a consumer. Every Wal-Mart that is built just increases the risk of economic domination, and we can not contribute to this. It may be small in scale to the power they already hold, but every movement starts with a step. I hope you see the risk you take in considering this decision. Work CitedAndrew Beatie. A History of US Monopolies. Investopedia. November 21, 2010. http//www. investopedia. com/articles/economics/08/hammer-antitrust. asp Lila Shapiro. Walmart Too Big To Sue. The Huffington Post. June 20, 2011. http//www. huffingtonpost. com/2011/06/20/walmart-too-big-to-sue_n_88 0930. hypertext mark-up language History Timeline Walmart Stores. http//walmartstores. com/aboutus/7603. aspx John D. Ramage, John C. Bean, and June Johnson. opus Arguments A Rhetoric With Readings. Monopolistic competitor Basic Economics. http//www. basiceconomics. info/monopolistic-competition. php