If you read nothing else today, please read Nick Hanauer’s extremely helpful article Confronting the Parasite Economy!!
Ignore my blog, ignore Pokemon GO, whatever that is, but read Nick Hanauer!
This article does SUCH a great job of explaining exactly how our economy went from GREAT to dismal – and how to Make America Great Again.
There are so many important points it’s hard to choose a selection to summarise it, but these stand out for me:
“all of us who live and work in the real economy should be royally pissed at the way the parasite economy is sucking us dry.”
“It is the real economy that drives both production and demand, and that fills our tax coffers with the money needed to educate our children, maintain our infrastructure, invest in research and development, fund our social safety net, and provide for the national defense.”
“The real economy delivers on the promise of capitalism. The parasite economy relentlessly undermines it.”
“So why should we subsidize a low-wage parasite economy when the high-wage real economy offers so much more? “
But honestly, those don’t begin to cover this awesome (and pretty funny!) article. So just read it! 😉
I have long respected Nick Hanauer because he understands business reality but he doesn’t look at it through snively ‘But this is how we’ve ALWAYS done it’ glasses; he looks at it with the eyes of someone who wants his businesses to KEEP growing.
I’d kinda like that for the American economy too.
And I’d kinda like that to be relevant for ALL OF US in the American economy, you know?
In case the link doesn’t work above, you can cut and paste it from here: