I think the accurate way to see this....is that most Americans are fairly naive and have no grasp of the business community around them. If they drove down to the local fast-food district and suddenly noticed half of the operations shut-down, they’d ask questions. But I seriously doubt that they’d understand the answers over how a business fails.
It’s also the same with the banking industry, the credit card industry, and even the electrical company industry. If you ask folks how the majority of their power is created....the vast majority would just give you a funny look.
“If they drove down to the local fast-food district and suddenly noticed half of the operations shut-down, they’d ask questions.”
In my area even the fast-food restaurants have never been so slow in terms of business. The poverty has trickled down where an increasing number of families are dining on ramen noodles; only government workers still enjoy eating out and other vestiges of the “beofre-times”. I know some other people are doing OK, but they don’t/wouldn’t live around me (in what had been a middle-class area).