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Other areas of criticism include the company’s international product sourcing, therapy of suppliers, worker compensation and working situations, environmental practices, using public subsidies, the corporate’s security policies, and slavery. Walmart denies doing anything wrong and maintains that low prices are the results of effectivity. Kenneth Stone, Professor of Economics at Iowa State University, in a paper printed in Farm Foundation in 1997, discovered that some small cities can lose almost half of their retail commerce inside ten years of a Walmart store opening. He in contrast the adjustments to previous rivals small city shops have confronted in the past—from the development of the railroads and the Sears Roebuck catalog to shopping malls. He concludes that small towns are extra affected by “low cost mass merchandiser stores” than bigger towns and that shop owners who adapt to the ever-changing retail market can “co-exist and even thrive in this sort of environment.”… Read More