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September 28 2009

10:59

Story about Wal-Mart founder's treatment of his employees - Boing Boing

"and that is why Walmart exceeds so well at killing local small businesses. Its not that Walmart kills off all the businesses, it primarily kills off the ones trying to compete against it on it's level (cutting corners, underpaying employees, carrying shoddy product). If the choice is between a local store carrying shoddy goods at an exorbitant rate, and Walmart, even I would pick Walmart. This is where Walmart wins. In communities where this is not the normal or usual business practice, I haven't seen Walmart gain a foothold. That is because the big W doesn't know how to compete on quality or other factors that don't figure into having the lowest bottom line. I don't like Walmart's business practices, but that doesn't excuse other small retailers from running their own slipshod businesses, bilking their customers and employees, and generally being a bunch of avaricious pricks." --a commenter