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Did they put "mom and pop" stores out of business? Yes. Do they make it difficult for other corporations to compete? Yes. Is this a horrid offense? No.
We are a society founded in the idea of capitalism and we cannot turn our backs on that ideal when it doesn't suit us and hope that we can stand behind it when it helps us thrive. Mom and pop stores do not employ thousands of American workers who may then go home, feed their children, and possibly even spend their hard earned Wal-Mart dollars at your place of business (thus, helping you thrive and continue the cycle).
First, let me speak to an offensive you are likely to put up; the foreign product argument. Ever checked your labels at Target? Not too many are made in the good old US of A. Next, the treatment of Wal-Mart employees here in the states. They seem very happy to me (actually, they're quite polite and pleasant in my town). If dissatisfied, Burger King is always hiring and who wouldn't jump at the chance to eat free whoppers?
So, if you are still irate about Wal-Mart's hold on America, buy stock in the company and make it your next shopping trip. You know the old saying, "if you can't beat 'em, join 'em." Well, let me save you the suspense...you can't beat 'em.