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Trump’s One Trillion Dollar Infrastructure Boondoggle. Handing Over Public Assets to Private Corporations

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Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy.

Mike Whitney, Global Research / CounterPunch / Greanville Post

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15 March 2017 | Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy.

It’s basically a scheme for handing over public assets to private corporations that will extract maximum profits via user fees and tolls. Because the plan is essentially a boondoggle, it will not lift the economy out of the doldrums, increase activity or boost growth.  Quite the contrary. When the details of how the program is going to be implemented are announced,  public confidence in the Trump administration is going to wither and stock prices are going to plunge.   This scenario cannot be avoided because the penny-pinching conservatives in the House and Senate have already said that they won’t support any plan that is not “revenue neutral” which means that any real $1 trillion spending package is a dead letter.  Thus, it’s only a matter of time before the Trump’s plan is exposed as a fraud and the sh** hits the fan.

Here are more of the details from an article at Slate.

Mike Whitney lives in Washington state. He is a contributor to Hopeless: Barack Obama and the Politics of Illusion (AK Press). 

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How the Neighborhood That Inspired “The Wire” Is Pulling Its Residents Out of Poverty

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Lionel Terrell, who has struggled to find work due to a criminal record, is employed as part of the Clean & Green Landscaping program operated by Bon Secours Hospital. Photo by Jay Mallin.

  • When large institutions like universities and hospitals agree to hire and spend locally, they can transform neighborhoods hardest hit by poverty and unemployment.
  • Big New Allies in the War on Poverty
  • Related: International Woman's Day: When women succeed, we all win 
  •  

Cecilia Garza & Araz Hachadourian, Yes! Magazine

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Mar 15, 2017 | It’s not often that a street intersection becomes as notorious as the corner of Fayette and Monroe in West Baltimore. During the ’80s and ’90s, the corner was ground zero for the city’s open-air drug market. Both a manifestation and symptom of Baltimore’s rising poverty, the corner became an inspiration for the television series The Wire.

A few blocks away from Fayette and Monroe is Bon Secours Hospital, built in 1919 by a group of Parisian nuns on a social mission. George Kleb was just a few years into his role as executive director of the affiliated Bon Secours Foundation when a problem was brought to his attention: The foundation had just invested $30 million in a hospital that both patients and doctors were scared to enter.

Cecilia Garza & Araz Hachadourian: Cecilia is a writer and communications professional at Social Venture Partners. She has received six awards for her work in local newswriting. Araz is a regular contributor to YES! 

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In solidarity, 

Dave & the Crew

 





 

International Woman's Day: When women succeed, we all win, Facebook / #SheMeansBusiness 

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  • When women do better, economies do better. That’s why Facebook is celebrating women who have built and run businesses, and delivering resources to help those who might one day do so themselves.
  • Because the next successful entrepreneur could be anyone. She could even be you.

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International Woman's Day: When women succeed, we all win.

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  • When women do better, economies do better. That’s why Facebook is celebrating women who have built and run businesses, and delivering resources to help those who might one day do so themselves.
  • Because the next successful entrepreneur could be anyone. She could even be you.

Facebook / #SheMeansBusiness

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March, 2017 | On International Women's Day, we're sharing inspiration and knowledge from all over the globe. Watch Facebook Live broadcasts by influential leaders, public figures and NGOs in this incredible one-day event.

Join us live around the world

Explore Inspiring Stories

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Series | A Living Earth Economy, Part 8: The Refugee Crisis Is a Sign of a Planet in Trouble

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  • We must shift the structures of society to ensure the Earth remains healthy and everyone has access to a decent livelihood.
  • 8th in a Series

David Korten, Yes! Magazine

http://www.yesmagazine.org/people-power/the-refugee-crisis-is-a-sign-of-a-planet-in-trouble-20170308/refugee_650.gif/image Port-Au-Prince, Haiti. Photo by 1001nights / iStock.

Mar 08, 2017 | The plight of immigrant families in the United States facing threat of deportation has provoked a massive compassionate response, with cities, churches, and colleges offering sanctuary and legal assistance to those under threat. It is an inspiring expression of our human response to others in need that evokes hope for the human future. At the same time, we need to take a deeper look at the source of the growing refugee crisis.

There is nothing new or exceptional about human migration. The earliest humans ventured out from Africa to populate the Earth. Jews migrated out of Egypt to escape oppression. The Irish migrated to the United States to escape the potato famine. Migrants in our time range from university graduates looking for career advancement in wealthy global corporations to those fleeing for their lives from armed conflicts in the Middle East or drug wars in Mexico and Central America. It is a complex and confusing picture.

David Korten wrote this article for YES! Magazine as part of his new series of biweekly columns on “A Living Earth Economy.” David is co-founder and board chair of YES! Magazine, president of the Living Economies Forum, co-chair of the New Economy Working Group, a member of the Club of Rome, and the author of influential books, including When Corporations Rule the World and Change the Story, Change the Future: A Living Economy for a Living Earth. His work builds on lessons from the 21 years he and his wife, Fran, lived and worked in Africa, Asia, and Latin America on a quest to end global poverty

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In earnest,

Dave & the Crew



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Series | A Living Earth Economy, Part 7: Trump’s Coup Attempt Requires Us to Rise Above Position and Party

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  • In the chaos of Trump’s first three weeks in office, we can see a frighteningly coherent agenda—and a national and global emergency.
  • 7th in a Series

David Korten, Yes! Magazine

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http://www.yesmagazine.org/new-economy/trumps-coup-attemp-requires-us-to-rise-above-position-and-party-20170208/trump.jpg/imageA rally against Trump’s refugee ban at Reagan National Airport on February 2, 2017. Photo by Geoff Livingston / Flickr

Feb 08, 2017 | On Aug. 8, 2016, 50 former top-level Republican officials who served under Republican presidents going back to Richard Nixon issued a warning letter. Many had held senior national security posts. They called out the threat to national security posed by President Trump’s lack of self-control and impetuously “erratic behavior” and concluded that he “would be the most reckless president in American history” and “would put at risk our country’s national security and well-being.”

Their concerns were not limited to national security. They also noted that “He appears to lack basic knowledge about and belief in the U.S. Constitution, U.S. laws, and U.S. institutions, including religious tolerance, freedom of the press, and an independent judiciary.” They observed that “a president ... must encourage consideration of conflicting views, … be disciplined, control emotion, and act only after reflection and careful deliberation.”

Sure enough. It’s taken less than three weeks to affirm every one of their concerns—and more.

David Korten wrote this article for YES! Magazine as part of his new series of biweekly columns on “A Living Earth Economy. David is co-founder and board chair of YES! Magazine, president of the Living Economies Forum, co-chair of the New Economy Working Group, a member of the Club of Rome, and the author of influential books, including When Corporations Rule the World and Change the Story, Change the Future: A Living Economy for a Living Earth. His work builds on lessons from the 21 years he and his wife, Fran, lived and worked in Africa, Asia, and Latin America on a quest to end global poverty

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Series | A Living Earth Economy, Part 6: In Stripping Away Our Hope, Maybe Trump Has Done Us a Favor

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  • The outcome of this election is a wake-up call to action. Now that we know our elected leaders will not save us, let’s get to work.
  • 6th in a Series

David Korten, Yes! Magazine 

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http://www.yesmagazine.org/new-economy/in-stripping-away-our-hope-maybe-trump-has-done-us-a-favor-20161130/trump-action.gif/imageNov 30, 2016 | Prince Ea, rapper and spoken-word artist and social justice advocate, has a soliloquy on YouTube with a surprising title: Why I'm Happy Trump Won. How could he think that, as he has passionately called for recognizing the dignity in all people? He’s happy, he says, because he sees this election result as a wake-up call. It forces us to recognize the sickness of our society and “that we cannot legislate our way out of human problems, nor can we truly change the world by changing the rulers.”

 

I remember hoping a Clinton-Gore administration would lead to a system transformation back in 1992. I had the same hope for the Obama administration in 2008.

 

But it’s now clear that leadership for the needed system change will not come from within the existing corporate-dominated political system. It must come from We the People, claiming and exercising our sovereign right to life, liberty, and the pursuit of happiness.

David Korten wrote this article for YES! Magazine as part of his new series of biweekly columns on A Living Earth Economy.” David is co-founder and board chair of YES! Magazine, president of the Living Economies Forum, co-chair of the New Economy Working Group, a member of the Club of Rome, and the author of influential books, including When Corporations Rule the World and Change the Story, Change the Future: A Living Economy for a Living Earth. His work builds on lessons from the 21 years he and his wife, Fran, lived and worked in Africa, Asia, and Latin America on a quest to end global poverty

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Series | A Living Earth Economy, Part 5: Capitalism or Socialism? There’s an Even Better Option

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  • Bernie Sanders’ popular campaign suggests that many Americans aren't afraid of socialism anymore. But real democracy is an even better alternative to capitalism.
  • 5th in a Series

David Korten, Yes! Magazine

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http://www.yesmagazine.org/new-economy/capitalism-or-socialism-theres-an-even-better-option-20160406/capitalism_socialism_650.gif/imageApr 06, 2016, 2016 | Politics and polling data reveal a remarkable shift in American attitudes toward socialism. More Democrats now view socialism favorably (42 percent) than unfavorably (34 percent). Among young adults, socialism does even better with a 43 percent favorable view vs. only 26 percent unfavorable. Presidential candidate Bernie Sanders, a self-described Democratic Socialist, has surprised the establishment with the strength of his campaign. He is especially popular among Millennials, the generation positioned to define America’s future.

So is the United States turning to socialism?

David Korten wrote this article for YES! Magazine as part of his new series of biweekly columns on “A Living Earth Economy.” David is co-founder and board chair of YES! Magazine, president of the Living Economies Forum, co-chair of the New Economy Working Group, a member of the Club of Rome, and the author of influential books, including When Corporations Rule the World and Change the Story, Change the Future: A Living Economy for a Living Earth. His work builds on lessons from the 21 years he and his wife, Fran, lived and worked in Africa, Asia, and Latin America on a quest to end global poverty

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