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Moostache

(10,201 posts)
2. The virtuous / vicious cycles need to be promoted throughout local economies...
Fri May 28, 2021, 03:20 PM
May 2021

Power to the people comes from the wallet and where dollars are spent and then how they are circulated. Dollars circulated as wages and spending power, invigorate a local economy. Dollars hoarded and extracted as profits do nothing for the local economies and only enrich a very few.

If people make it unprofitable for an owner to cheat the employees to enhance their own bottom line (vicious cycle) and simultaneously support the owners who are paying a living wage and supporting the local economy in the process (virtuous cycle) then we could see a lot of changes to the social contract.

In the end, as long as the rewards are there to be taken, unscrupulous businessmen will 100% take the money and run...but if their short and long term prospects dim because of a lack of support, they will be out of business.

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