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Maybe it is for the consumer. When Aldi opened in my nearest town my food bill dropped by 20%.
by tonyedgecombe 6mo ago
Maybe it is for the consumer. When Aldi opened in my nearest town my food bill dropped by 20%.
- gobdovan 6mo agoThat's the desired outcome of competition but the effects can go all over the place and the second-order effects in fragile towns can matter more than the price drop. As an extreme example, some people may lose their jobs, local spending may fall, some small shops may close and Aldi may pull out too, so everybody loses (here's [0] as an approximate example). Usually a community can tolerate changes only when it's not already near the bottom. When you're near the bottom, almost any destabilisation can kill your little system. [0] https://www.fox32chicago.com/news/aldi-closes-west-pullman-chicago https://www.fox32chicago.com/news/aldi-closes-west-pullman-c...
- cyanydeez 6mo agoAldi is a grwat example of a socially discipled capitalism.
- throwaway2037 6mo agoCan you explain you intent behind "socially" in your comment? I don't understand it.