The 1 Percent’s Problem - Joseph E. Stiglitz - VanityFair

[magical thyme]

29. they are global citizens. the crux of the problem is they don't care about America

beyond the resources they can exploit. Until Stiglitz and Krugman, et al, get that, they will be missing the real point.


Look to areas that are protected to see where the 1% will retreat to after they've decimated the rest.

"Countries rich in natural resources are infamous for rent-seeking activities."

America is still rich in natural resources. I got a goofy energy investment thing in the mail yesterday. Normally it would have gone straight into the trash. But I brought this home to read.

It included a US map of new drilling permits (mostly for fracking). It clearly shows the part of the US that will be protected. The New England, the southeast one strip of states in the center (Wisconsin, Minnesota, Iowa, Missouri) and the Pacific Northwest plus Wyoming are the only areas not touched. And then, of course, there will be the pipeline.

Before I moved to Maine, I meditated on where to go. The message I got was "there will be water in Maine." At the time, I thought it referred to global climate change. Now I'm thinking it referred to the aquifer underneath us.

Since moving up here,they've started to develop the Moosehead lake region, which was supposed to be protected land, into a new playground for the wealthy. They've also started to return Somerset county to organic wheat. Long before they re-forested it, Somerset was "the breadbasket of Boston" in the 1800s.