The Billionaires Speak

Interviews of Warren Buffett, Bill and Melinda Gates, and Ted Turner –

This group are pretty much on the same page. I think it would be interesting to add the Koch brothers into this mix, and perhaps have a roundtable. The Koch brothers are among the principal financiers of the Tea Party, and right wing in this country.

My personal belief is that the economy will not come back until two things happen:

First, we have to somehow defeat and eliminate the culture of corruption which infests Wall Street, the Banks, corporations, and Congress. Until you get a handle on that, there just isn’t any reason to believe the system isn’t gamed to the advantage of the already rich, and the corrupt – driving the small investor who is the backbone of the economy out.

The next thing is to get back to the metaphorical economic relationship of the car to the windshield wipers.  The car is what drives the market. The windshield wiper is an accessory, which wouldn’t exist without the car. You don’t build a car around a fancy new windshield wiper design – it’s the other way around. The economic mavens in this country have spent far too much time and money investing in technologies which can only be described as windshield wipers – while pawning the ability to make cars to China.

Until you get back to owning th car – there won’t be another American Bill Gates, whose operating system has been the vehicle for which countless accessories dance the tune.

Nor will there be meaningful jobs.