Thursday, November 23, 2017

Blame the US Retail Apocalypse on hedge funds and financialization, not Amazon and Walmart

America is in the midst of a "retail apocalypse": 6,800 chain stores are closing this year. It's true that online retailers and winner-take-alls like Walmart have delivered the coup de grace that finished off these stores, but the conditions that made them weak enough to kill are driven by Wall Street, not Walmart. (more…)

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