The Darkest Hour is Just Before Dawn for an America based on Innovation, Competition and Independent Businesses
FIGHT THE POWER!
Achieving power over others through consolidation does not justify pursuing growth.
Make America Great Again…
That is a great campaign slogan, no matter what your opinion is of Donald Trump. However, he seems to define it in mainly terms of removing illegal aliens and implementing tariffs. I also would like to make America great again, but focus in a different direction
This America still exists but not in the numbers some fifty years ago. Beginning in the 1980s numerous industries began to go down the road of consolidation. For acquired private firms it often resulted in a major culture shift. For publicly traded companies, an acquisition was often sold as to what was in the best interest of shareholders. In the last 50 years many shareholders for public companies are mutual funds, pension funds, and other investment firms that have only a financial and not personal interest in the firm. This strategy has often been at the expense of employees, customers and communities. These three have also been at a similar disadvantage at some privately held companies too…. (Contd. – page link below)
Hello,
I have been in the work world since 1980. Some companies I worked for were either independent or locally owned that no longer exist. Over the same time I have read and heard of stories of people who were employees of a company that was once independent, was then acquired by an outside larger firm and the company culture changed. In my opinion, consolidation by national and international firms has contributed to both the income divide in our nation and poor products/services expressed by customers. Local governments and businesses have also suffered as it becomes harder to deal with problems with management located hundreds of miles away or across oceans.
My purpose for this blog site is to inform the public about the consequences of such consolidation and to offer solutions to change the situation. I am not a business executive nor government official. I am not registered to a specific political party. I also provide links to articles that I read in order to back up my statements.
I also write on other issues that inspire me for a comment. However, the nation’s economy is my main focus.
Thank you.
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