Talarico gave a interview.....talking over economics. At some point....he said there needs to be a complete economic overhaul....then he says....the SYSTEM should reward hard work rather than wealth.
He gets chatty then....suggesting that the last five decades of economic policy need a rethink. Basically saying since 1970....we were focused on the wrong stuff.
I paused here....thinking.
First....I had to ask Grok about life-skills/jobs that Talarico has had. It's mostly a short list....teacher...political figure....student (Masters)....non-profit manager. His vast knowledge on economics probably fills a 3x5 inch card.
Second, at no point does Talarico identify the SYSTEM. Maybe he means the gov't....maybe he means industry....maybe he means banks....maybe he means some imaginary 'thing' that isn't really defined.
Third, whether he understands it or not...you produce something (a service, a product, a thing of value)....then it has to relate to a value. As long as this has plus-up value (profit)....things can proceed. If you reach a stage where you can't produce profit...you can forget about any measure of hard-work....it's a spiral going downward. There's a reason why we don't have 300 pencil factories existing in America today.
Fourth....Talarico sounds like a 6th-grader....without much understanding of economics, finance, etc.
Finally, this reality around Talarico....reminds me of the 2006 movie....Idiocracy. As long as you have stupid people....you have stupid intellectuals....who produce stupid witty BS.
Note: I finally caught up and watched Idiocracy back in 2013. I've watched it a 2nd time in the Covid-era. I strongly recommend the movie....even for 10-year old kids.
As for what happens with Talarico? I think he's to be VP-material for someone...in 2028 and 2032. At some point....maybe even Presidential material. He'll eventually start a Commission-for- Fixing-the-SYSTEM. Maybe then....people will finally ask, what is it?
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