Wednesday, April 25, 2018

Capitalism, Middle-Class Buying Power, and Retail Stores

The fact that Amazon.com has become the nation's largest retailer and that Walmart hasn't disappeared is interesting. Many retailers without the power of a Walmart have indeed failed. The article (see link) is about the failure of Toys R Us and how Vulture Capitalists sped the way over the cliff for that firm. It says the middle-class is buying more via the Internet and they have less money to spend on frivolities like toys for the kids. In these changes there will be opportunities for some people, but a lot of agony for others.

America is a nation and as such has to be beneficial for all citizens or it is in trouble if not a failure. Right now it's hard to say it works well for the vast majority of Americans. There is still time to improve on that and a growing economy may help avoid catastrophe while we work to improve distribution of the benefits to everyone. But, we can't just look at a growing GDP and think that's all that matters. If we start to see Walmart closing stores in large numbers, then you may want to reconsider stocking up for the Apocalypse.

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