What American author and journalist William Blum says here seems correct.
The reason trickle-down economics doesn’t work is that making rich people richer does not provide them with any incentive to hire additional people.
I had over 100 employees at one point in the 1990s, and the only thing that made me even consider hiring one more was that I knew that my delivery unit would be incapable of serving our clients adequately if I didn’t.
I’m not a miser, but in the absence of that pressure, I would have kept my money in my pocket.
Renewable Energy
Life in America Is Ruthless
The meme here speaks volumes to life in the United States and free market capitalism as a whole.
I happened to have met the guy who, in the 1990s, tried to build railways that would connect Dallas, Houston, Austin, and San Antonio. One day he got a phone call from Herb Kelleher, co-founder and former CEO of Southwest Airlines, who told him, “The fare between any of the major cities in Texas is $80. The day you drive your first spike in the ground, I’m lowering it to $8.”
American businesspeople are no more interested in the wellbeing of our people than they have in being diagnosed with cancer.
If you’re wondering why there is so much pushback against renewable energy and other elements of climate change mitigation, you really don’t to look much further.
Renewable Energy
Evaluating California and its Governor
Hmm. He’s the governor of the most populous state in the country, whose revenues, if it were a country, would make it the fourth largest economy on Earth. His state ranks in the top five in terms of colleges and universities. We’re wealthy, well-educated, and extremely productive.
It’s true that he’s not a Trump supporter, but California (and the rest of the world) generally regards the current U.S. president as a criminal sociopath.
Yes, that infuriates folks who are poor, ignorant, racist, and disease-ridden, but generally speaking, it doesn’t bother Californians.
Renewable Energy
Fixing America
Improving our broken, pathetic educational system is important, but it’s only a part of the solution. Trump’s support is based on the fact that a) most rich people are selfish pigs, and b) most white poor people are hateful racists.
Decency is not taught directly in school (though it’s true that reading the world’s great books goes a long way to creating enlightened minds).
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