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Analysis: When cheap is too cheap

Everyone loves a bargain. But, there comes a time when cheap is too cheap, as the world is discovering with falling prices destabilising industries, and entire economies.

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Perth
I wish commentators would start understanding that internet shopping is not the bogeyman that people like "Hardly Normal" (Harvey Norman)would have you believe. If a 10%GST was charged on all internet international purchases people would still find it cheaper (and better serviced) than buying in local shops. Moreover, the 200 - 300% mark ups that retailers charge in Australian shops are forced to compete. I would turn your argument right around: make Australia more competitive, such as reducing mark ups and actually offering service, then shops couldn't accept such rediculously high real estate rental rates and that sector would be forced to be more competitive also, freeing up money for more productive purposes. Deregulation has only helped the Australian economy. The cries against industrialisation in the 18th century proved to be wrong, as will be your ill-conceived article!

Australia
Very articulately put by someone who has not a clue what they are talking about. The retail crisis has been brought about b y a number of issues that can only be summed up as lack of preparation, planning, and greed, by major corporations, and people in general. To believe we could continue indefinitely along the roller coaster ride of consumerism was fanciful. To think someone can point the finger so decisively is as big as the problem itself.

Perth
Move with the times or get left behind.

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