Utterly failed

Our current investment system has utterly failed local companies, irrespective of their value, performance, and profitability. It all but requires that we invest in the global, publicly traded corporations. And it all but forces a successful local entrepreneur looking for more capital—whether it’s to grow the company, to cash out and retire, or to move on and start another venture—to go public or sell out to a big nonlocal company.

Michael Shuman
Local Dollars, Local Sense