In a growing economy, somebody is going to get hurt.
"Much is made of the fact that Wal-Mart has 3,000 stores in the United States and is planning to add 1,000 more. At one time, the A & P grocery chain had 15,000 stores but now they have shrunk so drastically that there are probably millions of people -- especially in the younger generation -- who don't even know that they exist...Could anyone ever have doubted that low-cost stores win customers away from higher-cost stores?It is one of the painful signs of the immaturity and lack of realism among the intelligentsia that many of them regard this as a "problem" to be 'solved.'"
Thanks to Bryan Conn
FULL STORY: Economic 'Power'
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