Sunday, August 30, 2009

I recently read Life, Inc., and am currently reading Cheap. These books are capable of completely depressing any American-actually, I suppose, with globalization, pretty much anyone. I've been feeling more and more lately that the financial deck is stacked against the average American, and these books don't help. Years ago, when credit cards became widely available, the conventional wisdom was that you bought today, instead of saving as people did before they had easy credit, and paid off with inflated dollars. You were being financially savvy. The problem was that in so many cases, people didn't pay the bill on the first go-round, so then they were paying interest on the loan. Instead of being smart, they were just saps. The de-regulation of the banking industry, the outsourcing of jobs-the list of contributing factors is just too long. In Cheap the author asserts that a retiring CEO of Walmart made more in his bi-weekly paycheck than his average employee made in their entire career working for Walmart. That is injustice on such a scale it makes my head want to explode. You can blame people for shopping at Walmart, but for many people that's the affordable place to shop. For myself, I am re-dedicated to attempting to shop locally and buy American. I know it can't be done all the time, but I am going to make a sincere effort. The results will, I hope, be fodder for future posts.