Tuesday, October 25, 2011

147 Companies Run The World And What To Do About It

What does it mean when 147 countries run the global economy? It means a single decision on the other side of the world can bring us down here. We are so interconnected now, that if one company falls, they all do. That is an oversimplification of course, but it only takes a few to ruin it all. We all still remember the mortgage crisis of 2008. Researchers have found that since such a small group of companies run the global economy, it creates a very unstable environment. It's like playing Jenga with the world's economy. 

So what do we do about it? Not much. No one will be able to stop this trend from continuing. But you can do little things like putting you money in a local bank, shopping at non-corporate stores and farmer's markets. I personally have not shopped at Walmart in 5 years. If going global turns out to undo humanity as we know it, go local. No Starbucks, no chain restaurants, no fast-food. Think about who you're giving your money to. Corporations are OUT

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