How Local Businesses are Beating the Global Competition

Wednesday, December 12th, 2007

“There is no alternative” (in the words of former British Prime Minister Margaret Thatcher) to globalization and the primacy of the multinational corporation. According to the defenders of this status quo philosophy-dubbed TINA-there is only one road to economic success: get large multinationals to locate in your local community, and export your goods as widely as possible all across the globe.

Because of their huge scale and international reach, these multinational retailers and manufacturers are seen by TINA proponents as being more efficient and profitable, more able to deliver better prices for their goods, and more able provide jobs in the communities that they are located in. To TINA proponents locally owned small businesses are simply quaint remnants of the past, no longer able to compete in the global economy.