Business and Value: Groupon?

For fourteen years, I ran a store in Brooklyn, NY called Shakespeare's Sister. In the back, at first, we had a cafe. Later, I turned it into an art gallery and retreat... and eventually into additional sales space for the gift store which occupied the rest of the space. Naturally, I learned a great deal about retail. Now a teacher, I still keep an eye on what is happening in the world I left.

The other day, I came across a blog post, "Groupon is a Straight-Up Ponzi Scheme."  Though I think it's a little more complicated than that, I think the author may be right.

Let me explain.

Political Economy: Solutions and Purpose

This is intended to situate my commentary yesterday within a broader context. It isn’t much use to assert that GDP numbers, whether nominal or constant, are of no use to policy makers because the numbers, both over time, and by drilling down through the layers of synchronous activity, do not reflect comparables. When buying apples, no one makes the comparison to oranges, cabbages, or fish. It is still good to know that there's a problem there that ought to be borne in mind.