Tom Ellis
1 min readSep 7, 2022

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Thank you for exploding this right-wing myth that deregulation and privatization of everything is the key to prosperity. Right wingers constantly contend that "a rising tide lifts all boats"-that lower corporate taxes =more investments=more jobs=more prosperity in an expanding economy. But this argument would be valid ONLY if we lived on an infinite planet with infinite resources to be converted into commodities for profit.

We don't. We live on a finite planet with a finite biological support system and finite net energy reserves (fossil fuels). And on a finite "playing board" such as this, an unregulated market economy quickly becomes a Monopoly game, where the rich acquire the power to get ever richer, while the poor get poorer, and more beholden to the rich. And Monopoly has only one possible outcome: One player owns everything, and everyone else owns nothing--and we are all deeply in debt to the "winners" (the super-rich) for our houses and hotels! But on a finite planet, game is over when our net energy reserves run out and biological support system collapses. Then we all die, rich and poor alike.

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Tom Ellis
Tom Ellis

Written by Tom Ellis

I am a retired English professor now living in Oregon, and a life-long environmental activist, Buddhist, and holistic philosopher.

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