It’s sad but true. This is something pretty much all critics of crony capitalism can agree on whether on what is traditionally called the “Right” in this country, or the “Left” in this country. Very powerful, very rich interests influence government policy on a fundamental level. From the military industrial complex, to Big Pharma, to the unions, to George Soros, to Carlos Slim, to the auto manufacturers, to the media, to the insurance industry, to the king crony capitalists of them all, the banks.
Many people still long for the glory days of American industrialization. People pine for the days when a kid could leave high school, work at the AMC Pacer plant and join the UAW. The work was steady, and more importantly so were the paychecks. I can understand how some in the Midwest look back on those days fondly. For some, especially those with limited skills and the unions, they were probably pretty good times. But those times are gone.
GM at this point should be GMC, Corvette, and Cadillac. These make make sense. There are customers for them and the quality of the cars is nearly that of Japanese and German autos. Cadillac particularly has made tremendous strides. It’s no Mercedes Benz or even BMW, but it has gotten consistently better over the last 10 years. The bumpers don’t fall off anymore. (Remember the Coupe Deville?)
When it comes down to it Hollywood wants to make money. Sure it may rail against “capitalism” and “greed” and the town may be full of people who would swear that they are anything but capitalists. But it costs money to fill swimming pools and party in “The Hills.” And so the movie industry has largely abandoned the once Golden State.
Don’t see why this should be a problem.
The municipal pension burden in many big cities in the US is massive. In Chicago, long a haven for the unionized city workers, this is especially so. Who needs police anyway? Chicago’s not a war zone or anything. Spend the money on city retirees. Just because everyone knew that the pension contracts which were signed by unions and politicians were completely undoable years ago, I mean everyone knew this, is no reason to become responsible now. Screw the city. I want my retirement!
Public sector unions are out of control in this country. From sea to shining sea public “servants” have refused reforms to pension programs which threaten to derail public finances. Funding for police, schools, and roads is being sacrificed to pay for programs which benefit a narrow group of highly politically connected workers. Often public workers make six figure salaries when the people in the communities which fund these government workers on average make nowhere near that.
A couple of days ago we wrote about robots developed by Boston Dynamics – funded by DARPA – which may some day soon be deployed as an adjunct and perhaps even one day as a replacement for human soldiers. Scary stuff.