{"id":123044,"date":"2022-10-10T19:40:33","date_gmt":"2022-10-10T19:40:33","guid":{"rendered":"https:\/\/organicconsumers.org\/2022\/10\/10\/the-40-year-robbing-of-rural-america\/"},"modified":"2022-10-10T19:40:33","modified_gmt":"2022-10-10T19:40:33","slug":"the-40-year-robbing-of-rural-america","status":"publish","type":"post","link":"https:\/\/organicconsumers.org\/the-40-year-robbing-of-rural-america\/","title":{"rendered":"The 40-Year Robbing of Rural America"},"content":{"rendered":"<p><em><strong>Since the 1980s, says Professor Marc Edelman, financial capital has developed imaginative new ways to seize assets from small towns and rural areas.<\/strong><\/em><\/p>\n<p>Marc Edelman is a writer and Professor of Anthropology at Hunter College. In his work, academic and <a href=\"https:\/\/jacobin.com\/2020\/01\/capitalism-underdeveloped-rural-america-trump-white-working-class\" rel=\"noreferrer noopener\" target=\"_blank\">otherwise<\/a>, Edelman investigates what he terms the underdevelopment of rural America. In a 2021 paper entitled \u200b\u201cHollowed out Heartland, USA\u201d he writes \u200b\u201cRural decline is not simply the result of deindustrialization spurred by free trade, the farm crisis, or automation and robotization. Since the 1980s, financial capital has developed imaginative new ways to strip and seize the assets present in rural zones, whether these be mutually-owned banks, industries, cooperatively-owned grain elevators, local newspapers, hospitals, people\u2019s homes, or stores located in towns and malls.\u201d In the wake of the fiscal austerity agenda enacted by financial and political elites in the late 20<sup>th<\/sup> century, the vast majority of the wealth created in America\u2019s countryside \u200b\u201chas accrued to shareholders in corporations and financial institutions headquartered in a handful of distant, economically dynamic urban centers.\u201d The financialization of the American economy, especially in those places furthest from economic hubs, can be extremely opaque. But its repercussions\u2009\u2014\u2009many of which are often seen as causes <em>and <\/em>effects of backwardness and small-town decline\u2009\u2014\u2009are all around us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the 1980s, says Professor Marc Edelman, financial capital has developed imaginative new ways to seize assets from small towns and rural areas.<\/p>\n","protected":false},"author":13,"featured_media":123045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1031],"tags":[],"organicbytes":[],"countries":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The 40-Year Robbing of Rural America - Organic Consumers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/organicconsumers.org\/the-40-year-robbing-of-rural-america\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 40-Year Robbing of Rural America - 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