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Sunday, May 09, 2004

Let's hear it for capitalism. Or not.

It's kind of a recurring theme these days, and it's a depressing one. There is a chain of bakeries called Montana Mills that started in Rochester, NY and eventually grew to more than twenty locations in four states. The chain was so successful that it first went public, and then it was bought outright by donut-giant Krispy Kreme.

And then, Krispy Kreme's stock took a big hit, which they blamed on all this Atkins-related foolery that's sweeping the nation, and in an effort to cut as many costs as possible, Krispy Kreme announces that it's pretty much killing off Montana Mills.

Local business gets bought by big national company; big national company strangles local business at the first sign of trouble. Hooray for the new economy.

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