A lesson on capitalism and competition in small-town America
The City of McCook is very fortunate to have two new mainstream businesses under construction downtown. I have heard comments in the community expressing the opinion that these new businesses are not needed because we already have providers of like services and or products in our town. This mindset is very unfortunate and troubling in capitalistic America and does little to benefit the consumer.
The benefits of capitalism and competition have been well documented. In general, capitalism provides more wealth. Capitalism rewards positive traits like hard work and ingenuity and similarly punishes negative traits like laziness and theft. Capitalism is more compatible with democracy and Christianity than other systems. Capitalism encourages competition, which indirectly forces the offering of better products, services, and pricing for the consumer and sometimes forces poor providers of products and services out of business. That is the way the system is intended to work.
Yes, some of the products and services offered by these two new businesses will be duplicative of current offerings, but many will not and will give the consumer (all of us) new and varied alternatives to what is currently available. The notion that is conveyed with the statement that “these new businesses are not needed because we already have providers of like services and or products” diminishes the core tenet of a free enterprise system which is purposely designed to benefit consumers and reward the risk-takers.
Instead, we should be grateful that these two national business franchises find our market attractive enough to take the business risk of setting up shop downtown, which not only brings new products and services to our area, but creates new jobs, encourages more spending in McCook, creates new excitement downtown, and generates more tax revenue to support all of the services that our government provides to each and every one of us…the consumers.