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Independence Requires Healthy Independents
From The Main Street Journal: American freedom is uniquely grounded in its local businesses. These businesses and other locally rooted institutions like hospitals, universities, and municipal governments are responsible for 60-80% of the jobs in the country (depending on how you define “local”). And every time you mindfully buy from or invest in a locally owned business, you make your community just a little stronger and a little freer.
This freedom is increasingly under threat from global corporations, monopolies, and oligopolies. I highly recommend Senator Amy Klobuchar’s 2021 book Antitrust: Taking Monopoly Power from the Gilded Age to the Digital Age. She reviews early American history and shows how much our escape from King George III was a repudiation of centralized political and economic power. The Boston Tea Party in 1773 was a rebellion against a crown-granted monopoly called the East India Company.
Our Founding Fathers expressly denounced monopolies—James Madison called them “among the greatest nuisances in Government.” Maryland’s first Constitution condemned them, as did North Carolina’s.
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