Local Production Means Jobs and Prosperity

by Tom Chatham, Project Chesapeake With over 93 million unemployed working age adults in America and the economy beginning to go negative again, if you are fortunate enough to have a job it may not last much longer. It is easy to keep a positive attitude about the economy when you get a paycheck every week but life after the paychecks stop will change your outlook a great deal. That is the reality that is about to overtake the working class in the coming months. The primary mechanism that has tipped the economy onto a downhill trajectory is the route that circulating money has taken in the past few decades. In the past much of the money was kept in circulation in the local economy resulting in the creation of many local jobs. With the new corporate model, most of the profit is siphoned out of the local economy and goes to wall street profiteers. This has resulted in the destruction of many local jobs while the few at the top of the wealth pyramid get richer much faster as time goes on. The only way a nation can maintain a middle class is to keep money circulating in the local arena. The lack of this local circulation has finally caught up to the middle class and it has begun to shrink at an alarming rate. If the corporate model plays out to the end, it will mean the total destruction of the middle class and the beginnings of a two tiered system where there are a few very wealthy persons lording over a very large poverty stricken majority. That is where we are heading. When this happens the only thing that will restore a functional middle class is the recreation of the local economy where the vast majority of the money remains in the local economy. This will require the reestablishment of local businesses and craftsmen to create the items needed by the local community. In most cases the service sectors of the economy can only function when sufficient excess wealth exists in the hands of workers that seek to improve their living conditions. Basic needs must be met first before persons will seek any improvement in living conditions. This provides a road map of sorts for those that seek to create a stream of income in the local economy. The creation of physical goods that people need must be satisfied before the economy will demand the lesser wants of society. As the basic needs of society are fulfilled, the income from these goods will slowly create more jobs and more demand from society. As the cycle continues it will slowly lift the economy and the living standards of the people. This is how the American economy was created from the beginning of settlement to the industrial base that we once had. Wealth is created by raw materials, labor, skills and demand for goods. The corporate model has pushed the small businessman out of the market by utilizing mass production and cheap labor combined with cheap transportation systems to provide cheap goods to the masses. This model is destined to collapse at some point due to rising costs of labor, rising energy costs and unsustainable production systems. Continue Reading>>>

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