1) Since 1970, the United States has increased its population by 64%.

Northeast Ohio, a 12-county region with more people than Connecticut, has lost 7% of its population over this same time period, shrinking from 4.1 million to 3.8 million people.

2) In 1970, 1.4 million of those 4.1 million people lived in the four core cities of Cleveland, Akron, Canton, and Youngstown.

Today, barely 700,000 of the 3.8 million people live in those four cities.
3) The region was once a model of working-class prosperity. It was an exemplar of how people who didn't have a college degree could support their families, earn a good salary with good benefits, and have a stable middle-class existence.
4) In 1960, median household income in metro Washington D.C. was only 9% higher than in metro Cleveland.

Today, median household income in metro D.C. is 82% higher than in metro Cleveland.
5) This morning, I read that Ohio is poised to break its all-time annual record for drug overdose deaths.

If you look at this great analysis by @InnovateEconomy you will see that Ohio is one of the worst-performing states in terms of expanding poverty.

https://t.co/ZGoK2qqN1W
6) Much of the spread of concentrated poverty since 1980 has occurred in the very neighborhoods that were once places full of people (black and white) with stable, middle-class jobs that didn't require a college education, and have been systematically destroyed for five decades.
7) They were destroyed, in no small part, by decisions that have been made in Washington, D.C. and on Wall Street, and have had the net-effect of immiserating places like Ohio, while concentrating more wealth and prosperity in fewer places.
8) In 2020, the people of Ohio, just as they did in 2016, gave an 8% margin of victory to Donald Trump.

In 2008, Barack Obama won the 12-county Northeast Ohio region by nearly 400,000 votes.

In 2020, Joe Biden won this heavily-Democratic region by only 92,000 votes.
9) As I said in this post (next tweet), "It doesn’t matter whether you are horrified and scandalized by the willingness of more and more of your fellow Americans to embrace a personality as awful and distasteful as that of Donald Trump when they entered that voting booth."
10) https://t.co/NDcxZNx33B
11) "The fact of the matter is that many people in the working class are angry and mistrustful. They have borne the brunt of this nation’s social and economic decline, as families have disintegrated, communities and neighborhoods have declined. . .
12) . . .and have been ravaged by crime, disinvestment, and drugs; and as blue-collar jobs, pay, and benefits have eroded and have continued to disappear."
13) A lot of people try to explain all of this away - the multi-decade collapse of a once-stable economy and way-of-life here, the concentrating poverty, the urban decline, the drug overdoses.
14) They try to make some sort of theoretical point about how the decisions made by our overlords in D.C. and on Wall Street have actually been beneficial, if you were only smart enough to understand the charts, graphs, and spreadsheets.
15) I'm a data nerd. I love charts, graphs, and spreadsheets. I'm not overly stupid. I understand them perfectly well.

And I live here in urban Ohio. I've lived here for almost 5 decades. I can see what all of this looks like here on the ground.

It doesn't look pretty.
16) Other people don't try to explain any of this away at all. They just don't give a shit. They're perfectly content to watch places like Ohio struggle. Some of them are happy about it because it makes them feel superior; others because they've made a lot money off of it.
17) This isn't a thread about how we need to bring back manufacturing the way that it existed in 1955. It's a thread about the social and economic decline of America's seventh largest state, and about how that should matter to America.
18) My hope is that it will matter to America, and that thoughtful leaders in both parties will begin to work together to do something about the fact that too many people, in too many places, have been left behind.

Because I live here and it matters to me. [end]

More from Economy

What do a Tory Peer, Selwyn Gummer (Lord Chadlington), David Sumner ( Sumner Group Holdings) and the Sanchez Perez family (drugs money, laundered through Gold mines) have in common?

It’s another company-saving a £50 million PPE contract shaggy dog story

Connections, connections


What a start to the story

“A bulletproof truck trundled down the road in downtown Lima, guarded by 18 policeman
They were wearing body armour & wielding high velocity rifles

No-one was taking any chances
This was a Special delivery for Peruvian Prosecutor for an anti drug trial


That was in 2011, the same year that Lord Chadlington’s daughter got married in Chadlington to Henry Allsopp.

Who was there?
Yes Kirstie Allsopp of Location, location, location and all this Covid nonsense fame) is his sister

Camilla, his Godmother

Jeremy Hunt

Cameron


Well. Come on. Lord Chadlington had been chair of the local Witney Conservative Association. It’s only fair.

Hang on. Julian Wheatland, Director of SCL Group/ Cambridge Analytica had also been chair of Witney Conservative Association...and campaigned for his mate Cameron

Are we sure Julian Wheatland and his side kick Alexander Nix were not there too @JolyonMaugham ?

I mean. They move in the same North Oxford circles.
Let's discuss how little you actually understand about economics and energy.

The first thing to understand is that energy is not globally fungible. Electricity decays as it leaves its point of origin; it’s expensive to transport. There is a huge excess (hydro) in many areas.


In other words, it can also be variable. It's estimated that in Sichuan there is twice as much electricity produced as is needed during the rainy season. Indeed, there is seasonality to how Bitcoin mining works. You can see here:

Bitcoin EXPORTS energy in this scenario. Fun fact, most industrial nations would steer this excess capacity towards refining aluminum by melting bauxite ore, which is very energy intensive.

You wouldn't argue that we are producing *too much* electricity from renewables, right?

"But what about the carbon footprint! ITS HUGE!"

Many previous estimates have quite faulty methods and don't take into account the actual energy sources. Is it fair to put a GHG equivalent on hydro or solar power? That would seem a bit disingenuous, no?

Well that's exactly what some have done.

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