The largest and most successful company in the world is now being ridiculed for the way in which it has risen to the top. Wal-Mart is accused of setting a bad example for American companies by squeezing producers for low prices, outsourcing manufacturing jobs, discriminating in the workplace and for the inhumane treatment of employees. What these critics don’t understand is that there are positive aspects to what Wal-Mart is doing.
Wal-Mart is good for America because it embodies capitalism. It constantly improves the productivity of American retailing, encourages competition and outsourcing, provides quality items at a low cost, is a stepping stone for retail workers, and creates business opportunities for other companies. Voted “America’s Largest Corporate Cash Giver” by Forbes magazine in 2003, Wal-Mart is also very generous to charities around the world. Wal-Mart is not detrimental to our economy or our country. It is a fundamental puzzle piece that is merely a strong player in today’s neoliberal game of capitalism.

Lets face it, the good old days when producers dictated what appeared on the shelves of stores is now over, and in place is a buyer-driven chain where the consumer dominates. Now you have the choice of what to buy, where to buy it, and for the price you want. That is the great thing about global capitalism, it sparks competition.
Competition in the market is a good thing for consumers and helps achieve the lowest prices one can possibly find anywhere in the world. Wal-Mart is driving prices down through its competitive bargaining strategy for its manufacturing costs. By holding prices at a low level, inflationary pressures are relieved and the economy is a lot steadier.
By selling items for less than average, Wal-Mart allows its customers to acquire more than normal when shopping in the store. Lower prices also mean more money is left in the pockets of consumers. This allows opportunities for businesses of all types. If the consumer doesn’t spend all their money at Wal-Mart, they will most likely go out and spend it somewhere else. That means more money spread across the economy.
The low prices we enjoy at Wal-Mart indirectly come from the outsourcing of American manufacturing jobs. By sending low skilled jobs overseas, the overall prices of items decline tremendously. Some Americans will be left without a job for a short period, but it is through outsourcing that the global economy becomes most efficient.
Get Access