Tag: entrepreneuship

Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. 99 Cent Answer to ‘Food Deserts’

 

Who really is in touch with the poor, the Fort Worth mayor and city council or the 99 Cent Only CEO? The Fort Worth city council is moving down the tracks towards imposing limitations on low-cost stores, generally labeled “dollar stores.” They are doing so for two stated reasons: blight and “food deserts.” Any citizen can refute the second claim by a simple internet search. Any citizen living in the area could do the media and their own city council’s job, by simply walking through a 99 Cents Only store with their phone camera rolling in video mode.*

The very deepest discount stores operate like every other business that is not in bed with the government. That is, they identify locations where they can sell enough goods to make a profit. By definition, a dollar store is operating on the very thinnest of margins, so they have to consistently offer the stuff people want. Happily, this results in at least one such business offering the very items we are perennially told are being denied to the poorest among us.

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Dilbert, 5/1/2016: More

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Interesting perspective from Neal Stephenson (author of Snow Crash, Cryptonomicon, and The Baroque Cycle): In Venn diagram terms, the pool of people with brilliant, world-changing ideas has a very small overlap with the pool of those who are capable of being the CEOs of funded projects. “Now that,” as a tech CEO recently told me, […]

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