And what it means for American democracy.
The Carrier deal is not the way forward.
Like many “flyover” cities, St. Louis’s decline is not mainly a story of deindustrialization, but of decisions in Washington that opened the door to predatory monopoly.
Just after Thanksgiving in 1996, a group of 146 St. Louisans, mainly from the black business community, boarded a chartered TWA jetliner and flew to New York City. Their goal? To block the takeover of their hometown Boatmen’s Bank by shutting down the New York Stock Exchange. Led by the St. Louis lawyer Eric Vickers,… Read more »
In June 1934, Franklin D. Roosevelt signed the Communications Act, a bill that prohibited radio, telephone, and other media companies from owning more than one broadcast license in a single community. A more diverse set of owners, stations, and channels, Roosevelt reasoned, would yield a wider set of program and service viewpoints, and would protect… Read more »