Fair Trade: The arcane reason small retailers can't compete with chains
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If you want to understand why small retailers struggle in modern America, you need to understand one thing: fair trade laws. Today, fair trade is typically presented in the context of international trade. Essentially, a regulation that allows producers in the developing world to compete with large multinational conglomerates who have massive scale and purchasing power. In the past, American fair trade laws were centered around small local retailers who were competing with large chain stores that had massive scale and purchasing power.
Fair Trade: The arcane reason small retailers can't compete with chains
Fair Trade: The arcane reason small retailers…
Fair Trade: The arcane reason small retailers can't compete with chains
If you want to understand why small retailers struggle in modern America, you need to understand one thing: fair trade laws. Today, fair trade is typically presented in the context of international trade. Essentially, a regulation that allows producers in the developing world to compete with large multinational conglomerates who have massive scale and purchasing power. In the past, American fair trade laws were centered around small local retailers who were competing with large chain stores that had massive scale and purchasing power.