Dollars leaving the community is a good thing. Those dollars don’t just go into a black hole. They go to other towns. And some of those towns’ dollars come to our town.
That allows all of us to diversity our risk across geographic areas. I’d much rather own a small slice of grocery stores in 1000 towns across the country than a large share of the grocery store down the street.
Trickle-down economics failed the U.S. before and will fail us again. Trickle-down economics are a lie sold by the mega-rich.
But as price-sensitive consumers they do benefit from the substantially higher economies of scale, the productivity efficiencies of management best practices, and the lower cost of capital that comes with a professionally managed multinational corporation.
I really don’t think that’s true.