Belatedly commenting to applaud this clear-eyed view of Trumponomics, to the extent there is such a thing. This might be better described as Ryanomics, which is just Randonomics, which is just the natural evolution of Reagonomics. Well, whatever I want to call it, I have bookmarked this post for when I need a distillation of where the GOP has been trying to take our economy.
I like how Charles takes the notion of how corporate raiders like Mitt Romney and Bain Capital have tried to strip private
enterprises of their accumulated value and applies that to public
institutions. I like particularly the use of the term "stripping." Visualize strip mining, or what's left of the landscape after strip mining. Negative externalities aren't just an unfortunate side effect of corporations trying to gain an edge through deregulation, they're part of the business model. Sort of like a bank losing money being part of the bank robber's business model. (And I say this as someone who, unlike Charles, is an unabashed capitalist, whatever that means.)
I'm reminded too of a recent Atlantic story, The Ghost Bosses
: "Private-equity firms have been rapidly buying and selling off companies for decades, and workers in Lancaster, Ohio, are living with the consequences."
Speaking of "stripping," perhaps Uber's uber-douche Travis Kalanick can find a way to disrupt and monetize and scale out that industry too while he's at it.
P.S. It's one of the natural laws of the blogosphere. There's no correlation between the quality of a post (in my book) and the number of comments.