Trump is actually interested in giving more power to these companies. Remember, the national innovation system only works if companies do their part to transform actually intelligence into supply of goods and services customers want. All of these goods and service aren’t just widgets. People need these goods and services. Money doesn’t solve all our problems. We need that money, but we need to transform that money into the products and services that actually benefit us. So, the companies needs to actually do their part.
Trump’s policies that support wage theft, high risk, ignoring employees, going back on promises to students, privatizing critical infrastructure that will synthetically create natural monopolies, and shutting down any way for people to complain about it is the exact OPPOSITE of what actually grows the economy. The stock market is not a good measure of economic success if so few people are actually invested in it and those who are aren’t spreading the wealth through other means to those who aren’t. That’d be trickle-down anyway, but trickle-down would work if those at the top actually wanted to pay. It’s way more about individualism versus collectivism than about economics when you really think about it.
Last week, I talked about wage theft and ignoring employees, which you can read about here. I’ve also talked about Trump wanting to defund certain institutions that we use to report employment abuse. Trump wants to remove that role from the Consumer Financial Protection Bureau, and he also supports the Department of Labor ignoring complaints, which you can read about here. To read more about privatizing critical infrastructure, go here.
Regarding the student loan crisis in particular, the best way the Trump administration has figured to lift the burden is laughable. They are just taking care of themselves. Betsy DeVos, or the devil’s disciple given a chance to return to Earth to do his bidding, wants to ignore the Department of Education’s promise to forgive law school student debt after 10 years of civil service right as the first law graduates reach the ten-year mark. Not even one promise fulfilled. That’s her motto. The Trump Administration also wants to get rid of higher education altogether for anyone who isn’t super rich. They are supporting trade schools instead. Now that’s a fantastic. Maybe you don’t get it. I’m actually not being sarcastic this time. It really is fantastic. However, it should be the student’s choice to go to trade school to be an auto mechanic, electrician, or carpenter, etc. We shouldn’t just take away their money and force them to do it. Again, the top-down approach is no way to make friends, and it doesn’t work.