I understand the giant banks have nixed their plans to impose $5 monthly fees on debit cards.
"Why?" says Virginia. "Because so many customers complained?"
Maybe, but I don't think it was just the talk. More likely, it was because so many customers put their money where their mouths were, and moved their accounts to smaller, more local banks. See my blog posting for October 5, "Put Your Money Where Your Mouth Is -- LocalMore" at whoisvirginia.blogspot.com/2011/10/put-your-money-where-your-mouth-is.html. I wish I could say that my posting made a difference, but I can't. Hardly anyone reads this blog.
Now what? LocalMore. My brother-in-law, the former editor of a small town newspaper and now the creator of a successful on-line small town newspaper (The Bluffton Icon), many years ago made a point of encouraging readers to buy local. This was long before the "Buy Local" food movement. He thought it made sense for people to support their own townsfolk, especially the ones who offered products and services in downtown stores, rather than tripping off to Lima or Findlay or even farther to Toledo or Columbus. (And it probably helped sell ads for the newspaper.)
That's what I mean by LocalMore. It makes sense to buy things made near us, by people we know. Among other things, those items then don't need to be shipped hundreds or thousands of miles, back and forth, to fill our orders.
"But we don't know what's made nearby," says Virginia.
That's probably true, in large part. So we should find out. It's taken a lot of work for folks to coordinate the sale of food grown nearby (LocalVore). After all, it's often inefficient to drive here for a gallon of milk, there for a cabbage, and yon for a basket of strawberries. So someone has to accept the challenge of setting up a farmers' market or local food store. The same cooperation is necessary to pull together other products made locally.
"So are you going to do it?" says Virginia.
Well, um, I'm so busy as it is.
"Yea, right," she says. "That's what they all say. So the banks get bigger and bigger until they're too big to fail."
Keeping it simple
15 hours ago