Walmart Monopolistic Views

Wal-Mart Monopolistic Views

Today in America, everyone is aware of the financial giant Wal-Mart, home to the lowest prices and is simply a corporation that is practically impossible to compete with. Some people either love or hate Wal-Mart whether it's the atmosphere or the financial impact it makes across the business plateau. India however, is attempting to regulate their foreign investments and is only allowing Wal-Mart some wholesale businesses.

Scott Price, the President and Chief Executive of Wal-Mart Asia once stated, "At the end of the day, all we ask for in any market where we invest is a level playing field." They clearly have that in the U.S. and have taken clear advantage of that. I'm not a strong supporter with what Wal-Mart has done to our economy as a whole and most people think it's the greatest place to shop due to the prices, but do they truly understand what is happening? Wal-Mart do to its monopolistic views, has driven so many privately owned supermarkets, grocery stores, and even larger corporations out of business. I have seen it happen in Uniontown, PA. There were several private grocery stores in the area and once the Wal-Mart was built there is only one grocery store standing today. Wal-Mart is driving conventional stores out of business, provides employee's with low wage positions with very limited benefits, purchases products from retailers overseas instead of within America, provides cheap and inferior products, and the list just continues on!

Currently Wal-Mart has been lobbying to gain better access into India and certain laws have prevented them to do so. If we look at the numbers Wal-Mart's overall sales is comprised of only 1/3 in international business so it clearly shows where they want to develop and grow as a company. The sales growth of Wal-Mart has declined over time and is down to 7%, from 13% the previous year and 22% before the recession.