Is the Local Economy the Solution to a Post-Capitalist World?

Original article:

Think local. Buy local. Support your local community. Community investment.

This all makes sense, right? Right. Then why do so many government-funded economic development programs get this wrong?

According to community economics advocate Michael Shuman, mainstream economic development today is a scam. States and local government agencies spend big money to lure corporations to their region but do little to stimulate the local economy or support local businesses. And those small businesses, not the chain stores, are often what give a neighbourhood its unique identity and make it desirable to live in.

Some Councils even frown on  providing seed funding to local  community not for profit businesses who  are successful at stimulating business and finish in the black, plowing those profits back into community. Unbelievable…..!