Why Low Cost Focus Destroys Economies ~ Small Business Improves Standard of Living

Kaufman, TexasKaufman is one of those rare cities fortunate to still have a thriving downtown, small businesses and no Wal-Mart, Lowes, or Home Depot.

How long that happy circumstance will last and small businesses survive remains to be seen because it was through lucky circumstance and not local awareness that Wal-Mart has not yet built there.

They do have experience with what happens to small businesses when a multi-national corporation expands. Kaufman had three family owned pharmacies. Two have closed since CVS expanded. (To be fair, regional grocer Brookshires expanded too so CVS alone may not be responsible for the loss of two family pharmacies.

The way I understand it [Read more...]