Small Business Ownership In America Is At An All-Time Low

Michael Snyder

According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded.  In a report that was just released entitled "Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances", the Federal Reserve revealed that small business ownership in America "fell substantially" between 2010 and 2013.  Even in the midst of this so-called "economic recovery", small business ownership in America has now fallen to an all-time low.

If the economy truly was healthy, this would not be happening.  And it isn't as if Americans are flooding the labor market either.  As I detailed yesterday, the labor force participation rate in this country is at a 36 year low.  That would not be happening if the economy was actually healthy either.

The truth is that the middle class in America is dying, and this new report from the Federal Reserve is more evidence of this very harsh reality.

To Revive Economy, Place a Better Bet on Smalls versus “Too-Big-to-Fail” Companies

The raw truth is that Politicians and Government are Major Barriers to Solving Unemployment due to Limiting Small Business Contracts while Supporting Corporations that Pay Millions to CEOs.

Anthony Freda Art

Fannie LaFlore

Recent economic indicators from the Federal Government estimate that up to 23 million people are out of work or underemployed in America. Solutions exist that could change things practically overnight, but are not implemented. As the economic free-fall continues to plague millions of individuals and families struggling to make a decent living, and if governmental options are available but nothing is being done to solve the problem, the central question is why?

One reason is that many public officials claim the government is broke, suggesting that too much debt leaves few to no resources to support job development and employment training initiatives -- but that’s not quite the case. Nationally-recognized attorney, activist and author Van Jones and his Rebuild the Dream organization are launching a new campaign to change the way we talk about our economy and debt. Jones says it's crucial that we don't buy the myth that America is broke, while today's robber barons set the terms of the debate and make off like bandits with taxpayer funds due in part to not paying their fair share in taxes and using corporate money for their own benefit. "We are not broke, we are being robbed,” Jones said, as the basis for Rebuild the Dream’s platform for bottom-up, people-powered activism efforts to help fix the U.S. economy.

What’s not so clear is just how the American people (that would be me and you) are being robbed. But much evidence points to businesses being routinely excluded from governmental opportunities that could significantly improve the economy. This is relevant because research shows most new jobs evolve from entrepreneurial activity (small business), while large enterprises struggle with manageability, generally do not grow organically, or remain stagnant except when they buy existing small companies.

Politicians, both in the Republican and Democratic parties, send mixed messages about priorities and shift blame. 

Bill C-36 A matter of rights

Editor's Note:  If you still believe that the Food Safety Modernization Act (S.510) recently passed in the U.S. Congress and the Canadian Consumer Product Safety Act (C-36), made law in Canada last week, are intended to make you safer, you haven't read the legislation.  These laws are designed to strip away any legal rights or protections which remain.  Regardless, the "existing power structures", just like they did to the Jewish people during WWII, will slowly, methodically, strip you of all legal protection and then they will ignore any remaining laws in order to complete their plan for total world domination.

The Windsor Star

Quietly and without a great deal of public debate, Bill C-36 -- called the Canadian Consumer Product Safety Act -- became law this week. And, at least on the surface, the legislation seems to be something no one would have any issue with; after all, everyone wants to buy things that won't hurt us or make us ill.

However, Canada already has solid legislation -- including the Hazardous Product Act that's backed up by hefty fines and jail time for offenders -- to ensure that products are safe and won't find their way into the marketplace if they are harmful.

And the government already has the power to step in and ban a product that's deemed dangerous to health and safety, and inspectors can search and seize products with a warrant. For example, two years, ago Ottawa declared the widely used chemical bisphenol A toxic and unsuitable for use in baby bottles.

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