Hardly anyone working in our local Circuit City was supporting a household. They were mostly high school kids. So, in that sense, the 34,000 jobs might not have meant much to the overall economy. Those were lost when they replaced their staff a couple of years ago.
I think we would be better off if we prevented companies from getting too big to fail. Circuit City, like many before them, got too large to manage successfully. Like our overall economy, they were too dependent on momentum. And like a bicycle, they became very unstable without momentum.
I think we would be better off if we prevented companies from getting too big to fail. Circuit City, like many before them, got too large to manage successfully. Like our overall economy, they were too dependent on momentum. And like a bicycle, they became very unstable without momentum.