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Outside the Walls
Recirculating vs. Extractive

Recirculating vs. Extractive

Richard Merrick's avatar
Richard Merrick
Aug 21, 2020
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Outside the Walls
Outside the Walls
Recirculating vs. Extractive
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As I walked into my local mall this morning, I found myself wondering where the money goes.

In my local village, if I spend money at the local pub, or the butchers, or the shop, I have a reasonable idea where the money goes. I know the people. I get to hear how they're doing. They are part of my world. I have a sense of the rhythm. It's a recirculating economy.

In the mall, it's different. Major names run from a head office somewhere, with local shops run by managers, not owners. Profits go to places I don't know, to people I don't know, and to shareholders in the most tax efficient way. I have no sense of belonging. it's an extractive economy.

With things being tough in retail. I find myself making much more conscious choices. At one end, local and those such as I mentioned yesterday - people who I feel connected to. At the other, things I can't get locally or from people I feel connected to, and easy to get, efficiently from Amazon.

I find little attraction in going to shops when there'…

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