Does it matter who owns our local businesses? According to the economics texts the answer is “No.” The only question is “consumer value” which is to say, how much we get for our money. We are one-dimensional creatures; our psyches are essentially those of wall-eyed bass with better math skills.
So ownership is not relevant. Business is essentially none of our business. So long as Wal-Mart offers the cheapest prices, we should welcome it to town. Ditto Barnes and Noble, Starbucks, and Dominos Pizza. They provide the most stuff for the least price (Starbucks excluded there) so what’s our beef?