Slipping quietly under the MSM radar we find this story of the ongoing crisis in the world of retailing.
Perhaps we’ve all been too distracted by the red-hot economy, or the elections, or the twin deficits to be paying attention to the ‘domino effect’ that continues to ripple through the retail world.
It is exactly this crisis that rules out the possibility of there ever being a ‘capitalist utopia’. It’s all about market share and the big guys, having wiped out all but the most specialized of the little guys, are now starting in on each other...
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