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I mean, my simple theory is people buy everything cheap because most people are broke. Small businesses die because as much as people want to support them, they
by ToucanLoucan 2y ago
I mean, my simple theory is people buy everything cheap because most people are broke. Small businesses die because as much as people want to support them, they can't spend more. They can only afford to buy goods from businesses that take advantage of economies of scale, and small businesses by definition are usually locked out of that.
- throwaway713 2y agoThat's a fair point actually, and perhaps we are only seeing these problems increase recently because "locally optimal" capitalism had historically sort of prevented the global algorithmic optimizations we're seeing now across industries. E.g., rental price fixing via algorithms.