Bill Clinton speaks to the Daily Ticker’s Aaron Task at the Clinton Global Initiative’s annual meeting in New York. Clinton has some good ideas on how America can now retool itself for greater energy efficiency, rebuilding infrastructure and self-sustaining farming and how all of this will help create the desperately needed intelligent ‘made in America” jobs for the 21st century.
“While the development of a global economy and the information technology revolution caused upheaval for many workers, Mister Clinton says these trends were accelerated by “the adoption of two bad ideas”:
Turning Stakeholders into Shareholders: About 35 years ago, the notion of what a corporation is changed, Clinton notes. Previously, corporations were “more or less” equally responsible to shareholders, employees, customers and the communities where they operated. “Now, shareholders are up here and everybody else is way down there.”
Government as the Enemy: Clinton cites a “30-year anti-government rant,” which is a uniquely American phenomenon, as another root cause of joblessness. “Instead of figuring out how the government and the private sector can work together, saying that ‘government is the source of all problems and if we just choked it off, never another regulation, never another tax, never had another program all will be well.’ There is not a single, solitary example on the planet where that’s worked, including in America.”