Scale Implosion: After Ruining America, the Era of Giant Chain Stores Is Over. The promise of rebuilding is here.

February 20, 2013
by James Howard Kunstler

Back in the day when big box retail started to explode upon the American landscape like a raging economic scrofula, I attended many a town planning board meeting where the pro and con factions faced off over the permitting hurdle… Though the public hasn’t groked it yet, WalMart and its kindred malignant organisms have entered their own yeast-overgrowth death spiral… Unlike the Federal Reserve, WalMart shoppers can’t print their own money, and they can’t bundle their MasterCard and Visa debts into CDOs to be fobbed off on Scandinavian pension funds for quick profits… They have only one real choice: buy less stuff, especially the stuff leisure of, comfort, and convenience… The potential for all sorts of economic hardship is obvious in this burgeoning dynamic. But the coming implosion of big box retail implies tremendous opportunities for young people to make a livelihood in the imperative rebuilding of local economies.

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