Dead Mall Syndrome: the self-reinforcing death spiral of Retail - Galt's Gulch

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Dead Mall Syndrome: the self-reinforcing death spiral of Retail

Posted by UncommonSense 10 years, 3 months ago to Business

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This is scary. By the way, the real estate & construction industry was dead in Florida by late 1927 & many top Wall St. investors knew the party would end. Joe Kennedy Sr. knew this & pulled out. History repeating itself here? You decide.

SOURCE URL: http://www.oftwominds.com/blog.html

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Posted by CircuitGuy 10 years, 3 months ago

It oddly rings true to me, although I don't find it scary. China wants to be economically free to grow its GDP while not having a democratic gov't or respecting individual rights. I'm curious if they can do it. I hope the answer is "no, w/o political freedom cronyism and rent seeking find their way into every corner of the economy". I'm not sure what the answer is. I don't find any of it scary, though, just interesting.

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Posted by Hiraghm 10 years, 3 months ago

Pfft... Just more condemnation of free market capitalism.

Internet sales hurt local brick-and-mortar stores. The smart shopping malls will evolve into mini-arcologies, the rest will die off.

Think of it as evolution in action.

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