Thread: Good Eats
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cshenk cshenk is offline
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Default Good Eats

Carizozo wrote in rec.food.cooking:

> John Kuthe wrote:
> > I would rather starve than eat anything from a MalWart!!

>
>
>
> http://fee.org/freeman/wal-mart-is-g...r-the-economy/
>
> Wal-Mart and Small Communities
>
> The claim that Wal-Mart “disregards the concerns of small
> communities” is also contradicted by the evidence. If Wal-Mart’s
> stores were not in tune with the concerns of shoppers in small
> communities, the stores wouldn’t make a profit and would eventually
> shut down. If Wal-Mart’s stores were not in tune with the concerns of
> job seekers in those communities, the stores wouldn’t be able to
> staff their operations. The concerns that Wal-Mart rightly disregards
> are those of local businesses that would prefer not to have to deal
> with new competition. The absence of rigorous competition leads to
> high prices in many small communities. While this may be good for the
> profit margins of established businesses, it is not necessarily a
> condition to be preferred over the benefits for the majority of the
> inhabitants of the community that result from robust competition.
>
> Wal-Mart runs the largest corporate cash-giving foundation in
> America. In 2004 Wal-Mart donated over $170 million. More than 90
> percent of these donations went to charities in the communities
> served by Wal-Mart stores.7
>
> From an economic perspective, when all the claims are dispassionately
> evaluated it looks like Wal-Mart promotes prosperity. The company is
> helping consumers get more for their money. It is providing jobs for
> willing employees. It is stimulating its suppliers to achieve greater
> economies in manufacturing. It is encouraging trade with
> less-developed economies, helping the inhabitants of Third World
> nations to improve their standards of living. Far from “disregarding
> the concerns of small communities,” Wal-Mart offers an appealing
> place to shop and work.
>
> Wal-Mart is doing all these good things and making a profit of around
> $9 billion a year.This is a profit margin of less than 4
> percent.That’s mighty efficient. To call Wal-Mart a “corporate
> criminal” is slander. Wal-Mart is a model of how successful
> capitalism is supposed to work. It is a company that should be
> emulated, not reviled.
>
> http://business.time.com/2012/06/04/...ts-of-walmart-
> coming-to-town/
>
> Homeowners, local chambers of commerce, and town planners alike all
> have some assumptions about Walmart. It’s often assumed that when a
> new Walmart opens in town, it’ll kill small businesses and may even
> hurt the local real estate market. But researchers say the effects of
> Walmart on a surrounding town are sometimes surprising: The numbers
> indicate that the presence of the big-box retailer may actually be
> good for home values and some small businesses—though not so good for
> waistlines.
>
> In a new paper published by the National Bureau of Economic Research,
> Devin Pope and Jaren Pope, economists from the University of Chicago
> and Brigham Young University, respectively, investigated what the
> introduction of a Walmart store did to nearby home values in
> communities around the U.S. After analyzing 600,000 home purchases
> between 2001 and 2006 in the vicinity of 159 new Walmarts, they found
> that homes located within half a mile of the Walmart rose in value 2%
> to 3% more relative to homes that weren’t close to the mammoth
> retailer. Homes located between .5-mile and one mile from Walmart
> also saw a boost in value, though it tended to be slightly smaller,
> with prices increasing 1% to 2%.
>
> But the study also revealed that many other businesses were given a
> boost by the presence of Walmart. A CBS News story about the research
> noted:
>
> Those selling products and, especially, services that Walmart doesn’t
> will tend to do well. Again, because shoppers arrive near Walmart
> ready to spend, they tend to leave their money with whomever nearby
> is selling what they want. Researchers noted that over time—often, a
> LONG period of time—the storefronts shuttered as a result of an
> inability to compete with Walmart tend to eventually be occupied by
> restaurants, boutique retailers, professional offices, and other
> services and businesses that do not try to compete with Walmart.


Want to check on how much tax they pay vs normal places?

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