It's also very inaccurate "journalism".From your "City Journal" article: . . . "thanks to Wal-Mart's much lower prices than in the days when small-town merchants took their 45 percent profit margins. "
That's not "competent journalism", that's cheerleading.
Mike Jensvold, East Isles
I grew up in a family that operated 2 small-town businesses, and I can assure you that the profit margins were nowhere near 45%! (Had they been, I might have inherited enough to live on an estate in North Oaks, like Vicky! :)
Tim Bonham, Ward 12, Standish-Ericsson
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