Walmart, The Giant Utopia, By Sam Walton Essay - 981 Words

Walmart, the giant utopia, the place where a lot of people usually do their shopping for the low prices and the variety of products was founded by Sam Walton. Walton was an entrepreneur a very different and innovative vision than with what was the norm at the time. He started his own company and made it into the leader in discount retailing that it is today. In fact, Walmart is considered to be the biggest company in the U.S. and it has stores worldwide. A lot of controversy orbits this huge company, however. According to PBS, â€Å"Walmart employs more people than any other company in the United States outside of the Federal government, yet the majority of its employees with children live below the poverty line.† Also, Walmart likes to portray itself as a seller of U.S. manufactured goods, but in reality the company has thousands of products contained in its many stores throughout the U.S. made in foreign countries in sweatshops with horrible conditions for their employees. I t would seem that Walmart encourages â€Å"made in the USA† but is a flat out lie. Walmart encourages products made outside the USA. This stubborn need for Walmart to outsource in order to reap the benefits of cheap labor in poorer countries is really hurting the small businesses of the United States and definitely takes its toll on our economy. It is for this reason the big giant is facing a significant amount of controversy for unethical business practices. Walmart and Monopsony Merriam-Webster Dictionary