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> Very few people are accounting for all the "efficiencies" that are not represented by capital holding in somebody's accounting book. Yeah, my hometown is a g
by cogman10 1mo ago
> Very few people are accounting for all the "efficiencies" that are not represented by capital holding in somebody's accounting book.
Yeah, my hometown is a good example of that. It has always had a population of around 300 people. When my dad was a kid it had a hardware store, a grocery store, a bowling alley, a restaurant, a pharmacy, and an auto repair shop.
Every single one of those shops closed and a big reason why they closed is because distributors decided they didn't want to deal with them anymore. So they raised their minimum order size and decrease the discount to the point where the same product could be had for a lower price by traveling 40 minutes away to the nearest Walmart or Home Depot. In fact, the grocery store closed while I was a kid and, in the end, what the owner was doing was literally going to walmart and reselling what they purchased retail.
That has had a cascading effect on the town and services available in town. It's also caused a number of longtime families to move out and away because the work they did dried up.
Where the small town had a large amount of economic activity and jobs, those all dried up to where now basically every kid born there moves away. There's no way for that town to grow and prosper.