Wal-Mart’s prices have a massive positive impact (IIPM Editorial)

Wal-Mart helps individuals, communities and whole economies prosper. Yes, Wal-Mart is huge and getting more so. Yes, its business model threatens competitors and its purchasing power frightens suppliers. But all that doesn’t make Wal-Mart bad. It just makes Wal-Mart a big fat target for critics who, for reasons of their own, won’t acknowledge the many ways Wal-Mart improves lives. First and most obviously, Wal-Mart’s prices have a massive positive impact on the quality of life of millions of consumers. No other retailer offers so many good products for so little, from groceries to school supplies to medicine to home furnishings. And in doing so, Wal-Mart helps keep household expenses low in a way that no social or government program could even attempt.

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Source: IIPM - Business & Economy