Charge #4: Wal-Mart Threatens Main Street Businesses
A super Wal-Mart will not harm main street. In fact, it might help small firms.
I would add the following to Professor Peterson's study. Two Economics professors at West Virginia University, Russell S. Sobel and Andrea M. Dean, recently conducted a scientific study titled "Has Wal-Mart Buried Mom and Pop?: The Impact of Wal-Mart on Self Employment and Small Establishments in the United States." The study can be found here.
Sobel and Dean concluded:
...that the process of creative destruction unleashed by Wal-Mart has had no statistically significant long-run impact on the overall size and profitability of the small business sector in the United States.Technorati Tags: wal-mart walmart