We Need To Keep Big Business From Owning Everything

We used to be a nation of owners. Not anymore.In 1820, roughly 80 percent of Americans worked for themselves. Farmers, shopkeepers, and craftsmen—people owned what they built.Today, most of us work for someone else. We may think that's normal, but it's not.Ownership is disappearing. Slowly, quietly, it's being taken while we aren't paying attention. And as it goes, so does our freedom, wealth, and control over our communities.

3 million small businesses owned by Baby Boomers will close or change hands. That's $10 trillion worth of value. And 25 million jobs are at risk.Second is the Great Resignation: Workers want flexibility but haven't realized owning a business could provide it.Finally, the Great Corporatization: Companies like Amazon now control one-third of local businesses, turning communities into corporate clones.If these trends continue, the American Dream will become a distant memory.

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MAGA’S Marriage To Big Business — And Big TechJohanna Costigan is a writer and editor from New York. She covers US-China technology competition and policy. She has an MSc in Contemporary Chinese Studies from the University of Oxford. She graduated from Bard College with degrees in East Asian studies and Written Arts. She speaks Mandarin Chinese.
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