I remember in my undergraduate studies a professor of marketing say that no one could ever replace Sears as the number one retailer. Of course, looking back, that was a naïve comment. It’s easy to assume that Wal Mart will continue their dominance of the retail world, but recently, due to the economy, they have experience greater competition from the discounters and the higher end retailers. What will their future be? Still not certain, consider THIS ARTICLE I read this week.

I shop with my wife. I get criticized often by other men that say I put pressure on them to live up to that standard with their own wives. I explain that a shopping mall is not necessarily my preferred place to be on a Saturday, but I love my wife and I love spending time with her. She likes to shop, so many Saturdays I find myself somewhere shopping with her. My blog readership, according to my recent reader survey, is at least 50% women, so today I want to address you in this issue.

This is a powerful video in terms of the impact of social media in our society. Thanks to my friend Scott Williams for sharing it with me first.

I don’t know about you, but watching this is a little scary for me. I do not want the government controlling the oil companies. Do you?

One of the primary purposes for our recent visit to Lithuania was to work with business leaders and individuals on issues related to personal finance, leadership, and budgeting. This was our initial trip, but we were able to open doors and build trust with key people in the church and community for future interaction. Our end goal is Kingdom-building, but instead of a medical or construction project, which is typical for many mission trips, we went addressing the primary need of the Lithuanians at this time; the economy. Naturally we received lots of questions about the economy in the United States. There was keen awareness that our economy impacts their economy.

Recently while I was in Lithuania I spoke with some people who want the country to return to Communism, because, as they put it, they feel they are “missing hope” in a capitalistic society. Under Communism, even though most had very little and the same people told story after story of doing without and wanting for more, they at least knew what to expect. That was their definition of hope. I understand that capitalism allows a large amount of uncertainty and risk. There are few guarantees, but that is what makes it capitalistic, the ability for individuals to make a difference for themselves through hard work, risk and speculation.

Did you know there are economists who claim the government needs to pump even more money into the economy? Which number stimulus package would this be? Who will pay for this one…China maybe? Seriously, aren’t countries about tired of loaning us money so we can place it back in the economy? Just wondering….

I love progress. I think a country thrives best under capitalism. I frequent the businesses represented in my church because I want the businesses represented in our church to do well. They will do best when they earn more money. (Profit!) I love for people who make money to invest money in the Kingdom of God. It takes a lot of resources (money) to do the work of the church.

This morning, thanks to my Google Reader, I landed on an editorial story by Ed Wallace of Business Week Online. You can read the story HERE. Ed writes from an insider’s perspective about the reasons for the fall of General Motors. His insight is of a company who faced problems of arrogance and indifference, failing to meet the changing needs of its consumers. He saw a company that allowed the quality of their product to suffer while refusing to listen to concerns of insiders who were suggesting improvements.

We are seeing good news about the economy this week. Here is a recap of some I found today: