The Family Dollar deal embodies everything wrong with American capitalism:
The French economist Thomas Piketty could not have dreamed up a better illustration of the problematic and growing income inequality in the US than the Family Dollar-Dollar Tree combination. Let’s start with the backdrop: Essentially, the lower-income Americans that are the target customers of dollar stores have gotten too poor to buy anything other than food
The Family Dollar/Dollar Tree merger is occurring because the average American is TOO POOR FOR THE DOLLAR STORE and as a result these two companies can no longer stand alone.
But hey the deal will likely earn Family Dollar’s CEO $180 million. I’m sure that’ll trickle down somehow. Right?