We've lost tens of thousands of independent businesses over the last decade and, with them, an important part of the fabric of American life. Small businesses contribute significantly to the vitality of local economies. They nurture social capital, disperse wealth and vest decision-making in local communities rather than corporate headquarters. They are the means by which generations of families have pulled themselves into the middle class.It seems like the only thing you can ever get anti-globalization activists and the Chamber of Commerce to agree on is the unimpeachable virtue of small business. Now they may well "nurture social capital, disperse wealth, and vest-decision making in local communities." That's possible. But small businesses also tend to pay their workers less, offer fewer benefits, are much, much harder for unions to organize, and are often more dangerous places to work than large corporations. They're rarely more innovative, and they aren't the really the "motor" behind job growth in America—at least in manufacturing, a Federal Reserve Board study done in 1997 found that "net job creation… displays no systematic relationship to employer size," and big firms tend to create more durable jobs, partly because they engage in more "planning," that old socialist bugbear.