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r/Ohio • … • u/Bored_Amalgamation

A dream for Schwebels and other landmark businesses...

I really wish local/county/state governments would act as a medium for the public to aggregate money to purchase businesses with historical ties that have a direct community benefit, like selling bread and bread products. If I could invest some money, along with communities across the "affected" areas, to form a "public bloc". Where a business that is liquidating that still has wide spread influence in communities can be purchased by the public for continuation of business. It would provide better pricing control to keep corporations in check.

I get that "omg that's communism..." But were talking about preserving historical businesses and jobs for companies that add to the public good. It's bread. Most of us eat bread. A business that employs locals and feeds families should be protected. The public owning it and (depending on how the legalese of it goes) having an option to cap prices for low-income families in times of crisis like COVID, could provide a huge secondary benefit in stabilizing some portion of life.

I feel the same was done for US Steel when Nippon Steel was in talks of buying it. It's a landmark business. It provides a needed service/good that's critical to the economy. The government forced a shittier deal than Nippon was offering because "America". The same attitude should be carried through for companies that directly benefit the public, not just the owner-class getting a business on the cheap, while the consumer class still has to pay high prices. Zagaras was another that should've been protected, but instead got swallowed by a bigger company that raised prices and reduced quality. If Heinens goes under, what local food supply is left?

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