this post was submitted on 18 Oct 2023
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You're almost there. Now what if the owner was a local? And he's paying loans to the local bank? And his cottage is up the hill? It used to be like that. Hell, in my town many stores are like that... And they're competing against DG.
You're right, about 100 years ago it did used to be like that. Local banks aren't a thing anymore. While Co-op banking institutions are better for the local community, they're also investing in options outside the local community, further depleting the resources of the 30% of customers who shop at more affordable locations
You make a good point... But it's also not black and white 100% or nothing. I can't rely on a small shop to funnel money back into my town, no, however it might provide just a little bit more. Again, the owner's boat and house has to go somewhere. If its here or nearby thats better than across the country.
In the news today a big box store is giving some money to some local environmental fund or something. The big box store probably broke a union if they're trying to garner good news though.