Retail feudalism is on the way if it wasn’t already here. We’re going back to the days of company towns.
Krystal and Saagar discuss the massive and permanent changes to retail stores due to coronavirus that include 100,000 store closures, and growth of online shares on retail that will go from 15% to 25%, since the crisis will likely alter consumer behavior.
Categories: Economics/Class Relations


















Can you please explain to me what company towns are, Keith? I’m just curious that’s all
During the time of the Industrial Revolution, company towns were fiefdoms controlled by a single employer for whom the workers were basically serfs. They still exist in developing countries and seem to be making a comeback in the US: https://en.wikipedia.org/wiki/Company_town