I am almost not certain where to start on this thread.
Walmart is NOT a monopoly. There is tons of competition. But Americans love low prices and that was always Sam Walton's goal.
Yes Sam wanted to buy American but nothing is made in America anymore. Is this Sam's fault? I would advise anyone to go to Bentonville and see the store that Sam started. It was just a simple 5 and 10 store of its day.
My daughter worked in WM headquarters in Bentonville for several years. Her job was beauty and health. She met with the largest companies in the world and she said she had to tell them all what the customer wanted, not what the elite company wanted to sell and and that each company's products would be displayed equally. She was there during the economic crisis and in some very high level meetings. She called and said all they talked about was the customer and how they knew the customer was going to have a difficult year with buying for their families. They didn't talk about profits but how they could help the customer. Of course, profits are important, they don't work for free.
They don't make 80% on everything. Some things they lose money on, that is a fact. They require companies that sell to them to have an office in Bentonville. The execs do not live high on the hog. Their buildings are simple and basic, I have been there.
They are a very simple business model. They are competing nationally and internationally trying to bring the best value they can to people. Spend some time seeing all of the schools and public service things WM has done, it is pretty amazing. I don't live in Arkansas but by daughter still does and it is amazing what they have put back into America.
My father who will turn 87 soon works 40 hours a week at WM. He absolutely loves it and thinks it is a great place. They struggle at times with managers but don't judge all managers on one manager's faults like we don't judge all gun owners when one does something stupid. My father gets paid well, he is very satisfied, has a 401 (K) and he has more PTO time than he can use up. They hire people that a lot of places won't hire including elderly, handicapped, etc. Yes, they aren't paying $15 an hour but these are not highly skilled jobs either. He doesn't use the insurance but others tell him the insurance is very good and affordable.
So I don't get the angst towards WM. Yes they have had some bad practices in their past with selling below costs to undercut the competition. I understand that. Sam had a model he built the company on and to see how it started not that many years ago to where it is now is amazing and didn't happen by accident. I do think they value their people and it isn't just words. Feel free to go spend more money somewhere else if you want - that is the American way and your right. The problem is you won't find any more American made products there as well.
So while I don't agree with everything WM does, I do see the other side of things. Look around at how many businesses are no longer around: Montgomery Wards, Sears just shut down our mall store, JC Penny, Kohls is in trouble, etc, etc, etc. And people complain because WM has low prices and a good value for their hard earned dollar? huh?