this post was submitted on 18 Oct 2023
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You're right, about 100 years ago it did used to be like that. Local banks aren't a thing anymore. While Co-op banking institutions are better for the local community, they're also investing in options outside the local community, further depleting the resources of the 30% of customers who shop at more affordable locations
You make a good point... But it's also not black and white 100% or nothing. I can't rely on a small shop to funnel money back into my town, no, however it might provide just a little bit more. Again, the owner's boat and house has to go somewhere. If its here or nearby thats better than across the country.
In the news today a big box store is giving some money to some local environmental fund or something. The big box store probably broke a union if they're trying to garner good news though.