: In your book, you discuss how big business interests have contributed to people losing trust in political institutions. Within the Trump administration, we're now also seeing a deliberate scaling down of institutions and turning away from institutions. One instance that I thought was really a stark example of the government turning its back on the good of people and then businesses deciding to take up the charge was President Trump's withdrawal from the Paris Climate Agreement. Private businesses like Sponsored:
:Sponsored: Yeah, that's a great question. I think what you're getting at is something actually very deep, which is the way this whole circle works... So on the issue of the environment, these big companies have spent the last 30 or 40 years discrediting government at every turn. When government has to pay people more, discredit. When government tries to give people maternity leave, discredit. When government tries to do environmental regulations, discredit. When government tries to regulate workers' safety, discredit. When government tries to have a carbon tax, discredit. Every turn, right? So then what happens?
One: the companies make a lot of money because they're subject to less regulation and pay less taxes, etc. ... Consequence number two is the government does less stuff. Consequence number three is because the government does less stuff, social problems multiply. Climate change gets worse, income volatility goes up, right? Then, you end up in phase two where all those trends play out. Social problems have festered, gotten worse. The government is now weaker and less able to solve them. Maybe it's tried and failed to solve some of these problems, and the only people with money left are big companies or philanthropists who used to have big companies.
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