Your Friendly Neighborhood Economist

Cost savings = more death, more bankruptcy! Woo-hoo!

via Your Friendly Neighborhood Economist

Tell them what you think.

This is a good model for anything. Maybe Pine Haven?

Apparently, Astorino’s jobs plan is to allow fracking, which will then require a lot of people to clean up the environmental disaster resulting from it. Oh, and cutting government spending, which will reduce the number of government employees. Wait, what?

Well, so much for the skills mismatch story.

Any business that isn’t legally organized something like the B corporations described in the story, “a for-profit company whose articles of incorporation require it to take into account the interests of workers, the community, and the environment, as well as shareholders,” that claim to have a conscience or whatever are lying as a marketing plan. If their corporate charter says that the officers are responsible to shareholders for maximizing profit, then that’s all they’re going to be doing. Who wouldn’t in that position?

Interesting point about Hobby Lobby: it’s about power, not economics or religion. This is not unrelated to the report I linked to earlier on the capture of the political process by capital.

shocking, I know.

If you haven’t heard of or read this report yet, do. It is shocking and yet, not surprising to me, since I and many others have been saying this for years. Here’s a summary:
“The analysts found that when controlling for the power of economic elites and organized interest groups, the influence of ordinary Americans registers at a “non-significant, near-zero level.” The analysts further discovered that rich individuals and business-dominated interest groups dominate the policymaking process. The mass-based interest groups had minimal influence compared to the business-based interest groups.”
In other words, what we have is not one person, one vote, but one dollar one vote. The best government money can buy. For itself.