MaggieMae
Reality bits
- Apr 3, 2009
- 24,043
- 1,635
- 48
In 1973, the top 10% held 49% of wealth; the bottom 90% held 51% of wealth. That means 37 years ago, middle- and lower-class citizens could afford to buy American, shop in small community stores, pay their bills and have savings accounts.
By 2005, the top 10% held 73% of wealth; the bottom 90% held 27% of wealth. That means that middle- and lower-class citizens can now only afford to buy cheap goods from China in giant big box stores that deal in volume, not quality, have difficulty paying their bills and saving at the same time.
This is not a Bush-bashing subject. It's a topic for discussion that big corporations run the economy now, and small businesses exist only to support them. There is no doubt about it.
Those who are so eager to return to the old ways of doing business, keep it small and simple, need to understand how impossible that has become when large corporations now set the stage for pricing, wage and benefit structure, and the myriad other management tools they employ in order to run an economy that is no longer affordable for small businesses to compete.
"Government" isn't the only villain in allegedly suppressing small businesses. How often does the army of U.S. Chamber of Commerce lobbyists descend upon Washington to advocate for keeping a small business competitive with big business?
By 2005, the top 10% held 73% of wealth; the bottom 90% held 27% of wealth. That means that middle- and lower-class citizens can now only afford to buy cheap goods from China in giant big box stores that deal in volume, not quality, have difficulty paying their bills and saving at the same time.
This is not a Bush-bashing subject. It's a topic for discussion that big corporations run the economy now, and small businesses exist only to support them. There is no doubt about it.
Those who are so eager to return to the old ways of doing business, keep it small and simple, need to understand how impossible that has become when large corporations now set the stage for pricing, wage and benefit structure, and the myriad other management tools they employ in order to run an economy that is no longer affordable for small businesses to compete.
"Government" isn't the only villain in allegedly suppressing small businesses. How often does the army of U.S. Chamber of Commerce lobbyists descend upon Washington to advocate for keeping a small business competitive with big business?