I can go grocery shopping, and while at the same super-market I can do my banking, get a medical check-up, buy drugs, drink at a bar, eat a rotisserie dinner, drop my kid off at daycare, go Christmas shopping, sit at a cafe, and listen to a live band.
I can buy a 2-liter of Pepsi, or a bottle of water, or stop to eat KFC or Taco Bell and I’d be giving my five dollars to the same small group of investors. I can buy contact-solution, soap, toothpaste, hair-dye, deodorant, or tampons, and I’m giving money to the same CEO.
What extremely sucks about this society of advanced capitalism is how few people are capable of owning so much. Whether or not consolidation is the inevitable, natural outcome of capitalism is debatable – humanity’s only tried it once – but I do like listening to Adam Smith of all people, as he decries, “All for ourselves and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.”
We all know the Walmart Effect: Walmart opens, and several businesses close their doors. A super-market opens, and several grocers go under, and the bakery, the butcher, the pharmacist, cafe, optometrist….
Someone opens a fast-food restaurant. Okay, great. Have at it you producer of fine burgers and fries. And then they open 500 more. 10 other people do something similar. Now, if you’d like to own a burger joint in America, your only option is to work for one of these 10 other people – either you franchise one of their stores, or you open a rogue burger-and-fry joint and go out of business because you can’t compete with a national dollar menu.
Same if you’d like to open a hardware store, a barber shop, a pizzeria, a bar and grill, a cafe, a toy-store, etc. Want to make sinks or small-engines? Kohler will destroy you.
This consolidation into massive chains and conglomerations and corporations could very well be the natural, inevitable outcome of a free-market. But we had free-markets before we had capitalism, and we had free-markets long before we had mass-chains, conglomerations, and doctors’ office in grocery stores: we should be able to have a free-market and mom-and-pop toy stores, at the same time.
A market dominated by a handful of people isn’t free. An economy, or a country, where you can’t own your own business, or produce your own product, where you cannot survive unless you ‘earn a living’ as part of a massive corporate beehive, isn’t a free market, or a free country.
I believe in free-markets, but nobody’s free if they need $20 million in capital and a nationwide supply-chain if they’d like to own their own hardware store: our only option is to choose a corporate beehive, and await our bi-weekly allotments of honey. In America, we have no self-sufficiency, no independence or liberty.
“Hey Marty, long-time no see. What beehive are you earning a living from these days?”