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Ray Smith's avatar

Another nice article Dom. I remember over 40 years ago the manager of a large chain chemist telling me they added around 3% “wastage”, it may have risen now, to the price of each article to cover shoplifting. However he told me the biggest thieves were some of the staff, in cahoots (USA connection) with the logistics providers who had it off rotten.

So the effect is not that the shops lose money, it’s that everyone pays more for their goods. At least 40 years ago there was a deterrent of prosecution and conviction, not now.

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Tristram Hicks's avatar

I agree with much of this and I make a similar point about ´petty’ and grand’ corruption in ´The War on Dirty Money’.

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