Go to Personal Poetry
- Add a comment
- Go to Where Once Was Capitalism
how true and how sad.....
posted by
Annicita
on April 18, 2011 at 5:50 AM
| link to this | reply
Re:
Thank you, Justi, for "getting it".
posted by
cpklapper
on April 8, 2011 at 11:07 AM
| link to this | reply
Oh my goodness how true and how sad. In fact my house is an old one 1894 and on a highway in the downtown section. I ran a retail from it for eight years but this was twenty years ago. We will not have any economic come back until the individual, small busines is allowed. Thanks for such a good post.
posted by
Justi
on April 8, 2011 at 7:34 AM
| link to this | reply
Re: Where once was capitalism
My point was that the harshness of automobile-based development and the vultures of mercantilist debt were destroying the capitalism upon which American prosperity was based.
posted by
cpklapper
on April 5, 2011 at 10:39 AM
| link to this | reply
Where once was capitalism
Capitalism can be very harsh.
posted by
2Philomena
on April 5, 2011 at 9:32 AM
| link to this | reply
Re:
Thanks, sam.
posted by
cpklapper
on April 4, 2011 at 3:27 AM
| link to this | reply
You make a good point and your closing paragraph very powerful! sam
posted by
sam444
on April 3, 2011 at 8:59 PM
| link to this | reply
Re:
Yes, there are lanes and lanes of hand baskets!
posted by
cpklapper
on April 2, 2011 at 5:39 PM
| link to this | reply
Re:
I disagree. The selling out of local companies to out-of-towners is a way for the owners of that company to make money while selling their community down the river. Granted, if they are public, they often are staring an LBO in the face, but they could show a little backbone by keeping the company in local hands. Once they sell out to a national company, the jig is up and no amount of tax incentives or bending of local law will keep the facilities in town. A national company can always find some other town, like in Arkansas, which doesn't care what sort of a hell hole they live in. The only thing an international adds is to add third world sweatshops to the mix.
As to who knows about business, I contend that the financiers and conglomerates know even less than the bureaucrats and union bosses. They will destroy an entire local economy because they think they can squeeze another percentage point out of moving to Mexico. They are all short-sighted, know-nothing bean-counters who couldn't make a paper airplane if their life depended on it.
posted by
cpklapper
on April 2, 2011 at 5:36 PM
| link to this | reply
Re:
General Foods and other conglomerates used leveraged buyouts, i.e. using the value of the company being bought as collateral for a loan to buy it. Without the use of debt, General Foods would never have been able to buy up all of those companies. That is not capitalism; it is
mercantilism. It is no different than kings borrowing money from international financiers to build up their army and conquer surrounding countries, then paying back the financiers with the plunder.
posted by
cpklapper
on April 2, 2011 at 5:13 PM
| link to this | reply
Down highway 666 huh, a raod well traveled these days.
posted by
UtahJay
on April 2, 2011 at 1:33 PM
| link to this | reply
You have some interesting ideas. But the local comany (like Snapple, and Amos Famous) by selling made a lot of money. That's entreprenureship--build a new compamy and sell it. But that's not the end of of new beginnigs of local industries. And if the internationals choose to move from USA, and why local companies choose to sell, we can also look at Federal and local regulations,and the burecrats,legislators, and unions who seem to know nothing about business, and the environment it nedds to prosper.
posted by
jfm32
on April 2, 2011 at 12:29 PM
| link to this | reply
' In my memory I knew the local bakery companies in Newark. In terms of local jobs the same area Drakes and Burry’s baked in the same area. And the dairies moved as well as the A&P canned vegetables and Jane Parker plants, existing when A&P was American owned. I tell you I support the local companies. However General Foods bought each one in a period of time. They built up. They were northeastern. I’m not comfortable with the merger of four of those. It’s General Foods today. Too large. However I can’t disagree with you on the Local Beans Company. BC-A, Bill’s R®st
posted by
BC-A
on April 2, 2011 at 10:58 AM
| link to this | reply