Starbucks may "threaten" local Korean coffee shops but, rightly or wrongly, it does not change the fact that Starbucks is popular because consumers like it.
Coffee snobs or those who prefer mom-and-pop coffee huts may sneer at the philistines that go to Starbucks, but it is what it is.
Legislating away successful coffee shops because they "threaten" smaller coffee shops comes down to three basic things:
- It limits the consumers' ability to choose to buy what they want.
- It punishes successful businesses simply for being successful.
- It assumes that legislators somehow understand and know what millions of consumers want.
That economic illiterates can write about economic topics with such an unthinking attitude for a multitude of readers who are just as economically illiterate is frightening indeed!