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Originally Posted by Pete_G
It's definitely a fascinating business model, especially if you're in the retail industry. When I say it's genius, I really believe that. Hell, I'd probably do the same thing if I had the leverage. Bring lower prices to my customers while protecting my margins? Sounds great to me. But it is dangerous and you word it very well though when you said "So are we caught in a vicious cycle of searching for the lowest price for goods and services, while cannibalizing our own domestic economy?" That is exactly what I feel it is. The numbers SHOW that it is. And I think it will change the US economy for years to come, and I have to doubt it will be for the better. Innovation within our country and increased minimum wages in upcoming nations will probably be the only thing that slows it down. If it doesn't I almost feel it will be the beginning of the end for the US as a superpower if we're not already on the downslope. All countries and empires before us have risen and fallen. No reason to think we won't do the same....
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Yeah Yeah Yeah, history repeats itself blah blah blah. This from the guy who has high prices and no show specials, jeez. Stick to fishin topics, leave the business and history out of it.