Tom Stemberg (click here) is exactly right. Instead of going to a store for computers and software, another for office supplies another for office furniture and yet another for copying services it is a one stop shop. That is exactly the point.
Mr. Stemberg is so sold in the idea that he went from being a founder of this destructive trend to Managing General Partner - Highland Consumer Fund.
The destruction of the USA economy by Staples and Sports Authority has closed American manufacturing jobs. There were manufacturing plants producing basketballs and footballs and bats and baseballs,now they are imported from China.
Mr. Stemberg points out how much cheaper goods are at Staples. That is
exactly correct.
The Big Box Universe in the USA has not only destroyed SMALL INDEPENENT BUSINESSES, but, they have impoverished the people of the USA. It is already known Walmart employees rely on Food Stamps (SNAP) to feed their families. Employment in the USA has never been worse and now we are seeing the end of housing subsides for the working poor because of the Republican policies that have allowed such destruction of our economy in the name of free enterprise.
In China the free enterprise where workers are producing cheap goods they are intractably poor. Now, the USA Middle Class is melting away to create an intractable Poor Class that is ever expanding.
Not only that, but, given higher education is the answer today of moving out of poverty, the Republicans want to destroy programs like Pell Grants so the Poor can never move out of the impoverishment they created. Add to that the fact the public education system is being destroyed and what does Wall Street have? That's right a Chinese economy where people are intractably poor. The Americans have a little more glamous housing facility than China, it is called a shelter where a single women working for poverty wages can keep her children.
It is amazing to realize the Venture Capitalists actually 'image' themselves as saintly wonderful people as if the saviors of the American Dream.
What is the company Mr. Stemberg entrenches his expertise now?
The Highland Consumer Fund (click here) applies Highland’s proven model of venture investing to the underserved consumer sector (consumer products, services and retail). Our professionals have extensive experience founding, growing, operating and investing in successful businesses. We excel at utilizing decades of operating experience to attract top management teams and provide the resources and counsel to help companies succeed.
Mr. Stemberg loves Mitt Romney so much he became Mitt Romney at Bain Capital. Perhaps Stemberg will be the next president of the USA, too.
The impoverished parents working for low wages without healthcare except for CHIP (Children's Health Insurance Program) (click here) a part of the Medicaid program.
Impoverished parents can take heart though, if they work for an employer with a child care program it is more convenient and perhaps cheaper than paying Grandma.
Bright Horizons is another Romney invention to capitalize on parents that work two and three different jobs to make ends meet.
From the Bright Horizons' website: "We help employees succeed, personally and professionally, by providing the right solution at every stage of life." (click here)
So, the children in the country won't be raised by communists, but, instead capitalists. Capitalists that can provide perfection in growing up right up to the point where they need to find a public school system and funding for higher education.
The "USA under Wall Street" is a corporate management dream come true. Cheap and impoverished labor, an ever eager to accept any crumb thrown their way.
Now. That is what I call certainty to encourage Wall Street to do more of the same under any Republican majority and Executive Branch administration.
Come on people, why has China and India become the place for Wall Street manufacturing? It isn't moral and no one can make it moral. Hello, America!
Local industry, local economies and out of the reach of Wall Street. Local governments need to work with local investment entities to create good paying jobs in American manufactured goods with high quality and REASONABLE prices.
Then people wonder why all the money in the country is sequestered at the top of the food chain in the 1%. The people are trusting their vote to candidates bought and paid for by the 1% who don't even stop to care that they are destroying their own consumer base.
