If you look at the graphs, it’s clear that this isn’t about the internet, it’s about the subprime crisis and the ongoing economic turmoil since 2008.
The crisis for malls is that plenty of them were built in the very suburban areas that were built up then collapsed when the subprime bubble burst.
The most annoying thing about internet retailers like Amazon vs. bricks and mortar is that bricks and mortar actually pay their taxes – local, state and federal.
Amazon is a giant that barely makes any profit and might not actually be viable (or profitable) if it wasn’t a tax avoider.
Published inCurrent Events