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Economic challenges include an unstable financial market, the loss of an industrial base, global competition, unemployment and the corresponding downward pressure on wages and income. Young people graduating into this dismal economy have a very insecure future and the likelihood of them making sufficient income to properly raise a family is very dim. It is incumbent on older generations, with means, to assist these young people to make a life for themselves. The Rockhouse Mountain Institute (RMI) is a foundation where in-coming young people, as long as they are dedicated to quality, are educated and provided a means of support regardless of the ability of the general economy to absorb them. The RMI partners with young people, trains them in a discipline of their choice, assists them in creating small businesses, helps market their products, helps finance their capital costs, and helps them manage their businesses. In this respect, the RMI is like a venture capital firm. After insuring a reasonable means of support, the RMI would share in the profits, if any. These profits would then be used to support the next group of young people.

TOWARD A NEW DECENTRALIZATION

by Robert Jawitz

While some centralization in business happened in the US in the late 19th century and early 20th century (the "robber barons"), most happened in the late 1920's. This was entirely due to the market speculation and the introduction of margin purchases of stock that caused the hyper-inflation of the stock market in 1928 and 1929.

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Economy