From THOM HARTMANN
Article with footnotes: TruthOut
Unless you become more watchful in your states and check the spirit of monopoly and thirst for exclusive privileges you will in the end find that…the control over your dearest interests has passed into the hands of these corporations. – Andrew Jackson
There is a huge difference between a mall full of chain stores or a big-box retailer, and a downtown area full of small, locally owned businesses. The transition from the latter to the former is what’s destroying local communities on the one hand and creating mind-boggling wealth for a very few very large corporations and multimillionaire CEOs on the other. Here’s how it works.
As I noted in my book Unequal Protection, when I shop in downtown Montpelier, Vermont, and buy a pair of pants, for example, at the Stevens Clothing Store on Main Street, at the end of the day the store’s owner, Jack Callahan, takes his proceeds down to the Northfield Savings Bank and deposits them. From Stevens, I walk next door to Bear Pond Books and buy today’s newspaper, a magazine, and a copy of Thomas Paine’s Rights of Man, a book that is as fascinating today as when it was first written in 1791.
At the end of the day, Bear Pond’s manager, Linda Leehman, will take my money down to the Chittenden Bank and deposit it.
From Bear Pond I go to one of the dozen or so local restaurants and exchange some of my cash for a good meal. At day’s end that cash, too, will end up in one of Montpelier’s local banks.
The next day Montpelier’s banks are richer by my purchases, as are Stevens, Bear Pond, and the restaurant. If my daughter, a Web designer, wanted to start her own design firm