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Is Walmart Good For America By Hendrick Smith

281 Words2 Pages

In the video, "Is Walmart Good for America", Hendrick Smith investigates how Walmart is changing the American economy. Throughout the video, one thing is made clear, Walmart is a monopsony, being that it has effective control of the production of many of the items that the company buys.

Suppliers come to Walmart looking to negotiate with buyers for large contracts, unfortunately for them, there is no room for negotiation. In the video, a former manager of Walmart had this to say "Wal-Mart calls the shots. If you want to do business with us, if you want to stay in business, then you're going to do it our way. And it's all about driving down the cost of goods."

Walmart sacrifices every relationship it has, this includes manufacturers,

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