The limits of the local

posted by
January 19, 2012
Foundation for Economic Education
by Steven Horwitz  
Posted in Commentary

"Critics of the market often point to the increased globalization of production and consumption as one of the problems that economic freedom can generate. This criticism has a number of elements.  One is that multinational firms like Walmart or McDonald’s turn the United States, as well as the rest of the world, into one commercial culture, destroying the local stores that provided a distinct identity to small towns and cities across the globe." (01/19/12)  

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