Tehachapi, CA. Wal-Mart Called 'Kiss of Death' For Small Businesses

Wall Street investors like Steve Forbes often refer to the 'creative destructionism" of capitalism. By that they mean that new retail projects often kill off older retail projects, and so progress inevitably means destruction of some jobs and revenues. Wal-Mart often boasts of the gross job growth its stores will create, but never the net job impact after "creative destructionism"...