Podcast
Jim Hightower's Radio Lowdown
Hosted by Jim Hightower · EN
Author, agitator and activist Jim Hightower spreads the good word of true populism, under the simple notion that "everybody does better, when everybody does better."
jimhightower.substack.com
jimhightower.substack.com
73episodes
Episodes
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The Main Problem Today’s Billionaire “Geniuses” Have Is This: They’re Stupid
Apr 1600:02:10Tap to summarize“Stand back,” shout Silicon Valley’s tech billionaires, “geniuses at work!”They refer to themselves, of course, demanding that public officials, farmers, towns, environmentalists, and all others get out of their way as they impose their massive AI data centers over rural America. “Our Big Money and Big Brains,” they exclaim, “will remake nature and produce phenomenal wealth.”Haven’t we heard this before? Yes… and from these same über-rich zealots. Just a decade ago, they declared they intended to replace farmland agriculture with a techno-marvel they called “vertical farms.” Yes, instead of relying on messy, natural stuff like soil, food would henceforth be produced on sanitary plastic strays stacked to the ceilings of windowless factory warehouses controlled by computer networks. Big Tech investors like Jeff Bezos, Walmart, and Japan’s SoftBank plowed hundreds of billions of dollars into their “reinvention” of agriculture.But what the geniuses actually produced was a bumper crop of bankruptcies, for the tech bros knew nothing about farming. Sure, displacing nature meant saving money to till the soil and feed the hogs, but those costs are nothing compared to the piles of capital required to pay for the ever-rising costs of corporate infrastructure, computers, utilities, executive salaries, administrative overhead… and capital itself.Worse, the clueless corporatizers were surprised to discover that consumers are not actually motivated to buy a head of lettuce just because it was “vertically farmed.” So, with exorbitant costs and zero market appeal, the tech geniuses’ ag revolution fizzled.Let us all recall this as Bezos and his billionaire coterie now insist we must follow them into their Brave New World of artificial intelligence.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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Rising Progressive Populist Revolt Stuns AI Profiteers
Apr 1400:02:10Tap to summarizeThere’s a clique of plutocratic, high-tech billionaires who think they’re entitled to turn America’s farmlands and rural communities into their personal domain of predatory AI “data centers.” But a little bookstore in Tulsa, Oklahoma, recently hit those puffed-up elites where they’re most vulnerable: The funny bone.Magic City Books put up a sign that rocketed through the Internet, mocking the fatuous potentates:SUPPORT THESE DATA CENTERSSchoolsLibrariesBookstoresArrogantly, though, the likes of Amazon, Google, and Meta are frontloading trillions of dollars into creating a new social order managed by super-intelligent bots. This scheme, however, requires them to divert vast amounts of rural land, water, and energy to build and run their Orwellian empires. Yet, breathing the fumes of their own egos, the billionaires actually assumed that locals would welcome this dazzling bot wonderworld.Bad assumption. Even in bastions of rural Republican rule, majorities are saying, “Uh… Hell No!” Indeed, at least 48 data centers were stopped last year by coordinated local opposition, and public fury has largely driven data center developers out of Illinois, Michigan, Oregon, and Wisconsin. In Texas, corrupt governor Greg Abbott openly takes AI cash to push data centers, yet rural counties are rejecting them – and the state’s far-right Republican Party has now voted to oppose building more of them.Even Wall Street money managers are blinking, for there’s growing doubt that investors can get their money back. What’s happening is that the billionaire hucksters have run head-first into the rock-solid political belief that The People get to decide our common destiny, not a handful of techno-scammers.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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Billionaire Gangs Marauding Through Rural America
Apr 900:02:10Tap to summarizeHere they come again. Every couple of decades another infestation of smiling, winking, fast-talking, corporate hucksters descends on rural America.The scammers have varied from Big Oil’s notorious land men to peddlers of private prisons. But this one is the biggest, most important flimflam yet, with Silicon Valley billionaires and Wall Street speculators rushing through the countryside buying up vast tracts of land.Why? Because Amazon, Google, Meta, and dozens of other tech profiteers are converting their corporations into Artificial Intelligence robotic empires, and each AI facility is absolutely humongous, requiring airport-size swaths of land.Acreage is the least of it though, for the data centers consume Niagara Falls-levels of water. So local families, farms, factories, and businesses suddenly find their essential water supply being raided by faraway corporate water suckers.Also, local utility bills skyrocket as profiteers drain enormous amounts of electric power from the area’s grid. Worse, corporate lobbyists squeeze local officials to subsidize this thievery! For example, a private equity predator named Apollo Global Management recently fleeced a New York county for $1.4 billion in “job-creation” subsidies for a sprawling data center that will – get this – employ only 125 people. Yes, that’s $11 million per job – with actual workers only getting a pittance of it.You don’t need a big schnoz to smell this stink. The good news is that county officials across the country are beginning to say “NO” to AI’s money grab. Also, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez have proposed a national moratorium on this corporate frenzy to impose an AI future that We the People do not want. For more information and action, go to foodandwaterwatch.org.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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My Message to Billionaires: Money Is Like Manure
Apr 700:02:10Tap to summarizeGiven the increasing dominance of right-wing politics by arrogant, super-rich Tech Bros, here’s a question about wealth inequality for you barroom philosophers to ponder: Does one have to be born a jackass to become a billionaire, or does becoming a billionaire cause jackassim?Either way, they do seem to go together – as in Elon Musk, Mark Zuckerberg, Jeff Bezos, Peter Thiel, and so forth, ad nauseum. Oddly, the richer they get, the whinier they become, devolving into over-privileged crybabies.Consider the appalling example of that California clique of Thiel, Zuck, and other Silicon super-richies. They’ve been caterwauling that if voters approve a proposed wealth tax on billionaires, By Gollies, they’ll just up and abandon the state. So? Do they not know that voters know that nearly all tax subsidies have long profited undeserving vainglorious elites like them at everyone else’s expense? So excuse us if we don’t join their pity party. In fact, most of us commoners would gladly trade that whole pack of pompous plutocrats for a dozen good kindergarten teachers.Besides, it’s possible to be both very rich and a decent human being! I’ve known such people. For example, Texas businessman, Bernard Rapoport, who devoted millions to advancing labor, women, and our state’s progressive movement. Or my friends, Ben & Jerry, who’ve spent their lifetimes and fortunes delivering financial help – and even ice cream! – to grassroots democracy fighters. Then there’s the example of heirs to the Pillsbury family fortune – calling themselves the “Pillsbury Doughboys,” then later, “Doughgirls.” They have donated their inheritances to progressive causes benefitting the Common Good.As an East Texas farmer pointed out to me years ago: “Money is like manure. You can’t just pile it up. It only works if you spread it across the grassroots.”Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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Why Corporations Pay Millions for Executive Mediocrity
Apr 200:02:10Tap to summarizeMost people believe the American economy is being rigged by and for bankers, CEOs, and other superrich elites, because… well, because it is!With their hired armies of lawmakers, lobbyists, lawyers, and the like, they fix the economic rules so even-more of society’s money and power flows uphill to them. Take corporate CEOs. While the economy somewhere between a downer and devastating for most people, the CEO class made out like bandits, with each of the three top paid corporate honchos pocketing as much as a billion dollars in personal pay!Are they geniuses, or what? What. All three of their corporations ended with big financial losses and declining value. So how can such mediocrity produce such lavish rewards? Simple – rig the pay machine.Today’s corporate system of setting compensation for top executives is a flimflam disguised as a model of management rectitude. On its face, it sounds good – “Pay for performance,” it’s called, meaning the CEO does well if the company does well.But who defines “doing well?” The scam at most major corporations is that the standard of corporate performance that the chief must meet to quality for a huge payday is set by each corporation’s board of directors. Guess who they are? Commonly, board members are the CEO’s handpicked brothers-in-law, golfing buddies, and corporate cronies. So, they set the bar for winning multimillion-dollar executive paychecks so low that a sack of concrete could jump over it.This is Jim Hightower saying, well, can’t corporate shareholders just vote no on any executive excess? Yes, but corporate rules decree that votes by shareholders are merely advisory, meaning top executives can ignore them, grab the money, and run. The system is fixed and we need to break it!Do something!There’s a growing movement to crack down on excessive CEO pay that has us pretty excited— check out this resource guide from Inequality.org to join up!Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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The Reality of the Virtual Metaverse
Mar 3100:02:10Tap to summarizeOur future was pronounced dead last week.I mean that glorious future of The Metaverse, promised to us by Silicon Valley’s tech and financial geniuses. Just a decade ago, they were promising us that by now we’d all be playing, working, and relating as digital avatars of ourselves, living out our lives in a phantasmagoric new world of virtual reality.They boldly proclaimed that the next Big Thing in tech, replacing smart phones and all other personal devices would be a “Metaverse,” digitally connecting everyone everywhere. They exclaimed that by purchasing goofy-looking, reality-augmenting headsets, interactions could be done without any in-person human contact. And who better to sell this future than the super-goofy gabillionaire, Mark Zuckerberg?The CEO of Facebook, he was so bedazzled by the digital hokum of the metaverse that he even renamed his corporation “Meta.” Then he pumped a whopping $80 billion into developing and marketing his wondrous new world, including peddling a Meta brand of those magical headsets.Not wanting to miss out on a bonanza, other tech billionaires geniuses joined the virtual reality rush. But it was just fool’s gold, for the geniuses had failed to consider an essential factor: Customers. Far from dazzled, buyers pronounced the meta-mess: goofy.Even Zuckerberg has now pulled the plug on his fantasy of a digital, virtual, immersive, avatar world of tech “reality.” Don’t think, however, that goofy, avaricious, egomaniacal billionaires have gained any modesty from their Metaverse misadventure. They are the same ones now hurling trillions of public and corporate dollars into erecting intrusive, massive, wasteful AI data centers all across America. Why? To power their profiteering fantasy of replacing humans with AI bots.Do something!Has Big Tech got you down? Ensuring emerging technologies are safe, useful and accessible can feel daunting, but here are 2 great organizations who’ve been fighting for our rights for a long time:* Electronic Frontier Foundation: eff.org* Fight for the Future: fightforthefuture.orgOn the AI data center front, our friend Clayton Tucker, who is running for Agriculture Commissioner here in Texas, has made this issue a centerpiece of his campaign— these data centers are being forced upon rural areas all over the country. Follow along with his campaign to see how the fights are being won.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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Birds of Greed Flocking to Florida’s Tax-Free Nests
Mar 2600:02:10Tap to summarizeOh, gosh, there goes another one – another billionaire “flighty bird,” angrily flitting away from the home nest that long nurtured him.This latest one is Howard Schultz, the high-flying avaricious avian who tucked away a multibillion-dollar personal fortune as the monopolistic, exploitative CEO of the Starbucks coffee chain. Howard has recently fallen into a deep pout over the downright rudeness he says he’s received from officials in his home base of Washington State.What’s his gripe? Haven’t you heard, he squawks, the state legislature intends to make rich corporatists like me start paying income taxes!Indeed, Washington is one of only nine states with no income tax, even on billionaires. Instead, to fund public needs, it relies on regressive sales taxes paid by poor and middle-income consumers. So, in an overdue stand for fairness and the Common Good, the state is levying a minimal tax on those few elites who haul in more than a million bucks a year – with the money going to such crucial public needs as child care.But damn the need, Billionaire Schultz is foot-stomping furious that he would have to pay his fair share for the upkeep of the state that has helped him thrive. So, Howard has taken flight, winging clear across the country to Florida, where the right-wing governor and legislature shields the rich from pesky taxes.Proving that “Birds of a feather flock together,” the aristocratic chieftains of such other corporate fiefdoms as Amazon, Meta, and Google are also now nesting in Florida’s tax-evasion enclaves. When billionaires declare “We’re all in this together” – they don’t mean you me – only themselves and their tax lawyers.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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Oh, the Horror! Billionaires Threatened with Taxation!
Mar 2400:02:10Tap to summarizeWe Americans are barraged these days with multiple crises, so, I hate to add anything else to our list of worries.But I’m told this one is an epic disaster, so we must respond! It started in California, and one financial leader there now calls it “the greatest tragedy this state has ever felt.” Holy Titanic! What can it be?Uh… it’s a tax. Does that mean it would add to the burden of hard-hit poor and middle-class families? No, it wouldn’t apply to them at all, or even to mere millionaires. Rather, it’s a ballot initiative to put a one-time wealth tax on the über-rich – the billionaire class. Indeed, only about 200 royally rich California folks would pay anything under this proposal.But those billionaires are squealing like stuck pigs, and they’ve hired hoards of lobbyists, lawyers, PR flacks, and front groups to try killing the proposal. Such overprivileged plutocratic ninnies as Peter Thiel and Mark Zuckerberg have even declared that, By Gollies, they will just pack up and leave California if required to pay a pittance of their fortunes to support the basic needs of common people.Californians, though, seem not to care. In recent surveys, only 28 percent of the state’s voters oppose the wealth tax. Indeed, nationwide, 60 percent of us want billionaire tax dodgers to start paying their fair share.People are sick of the greed of… well let’s call them what they are: The filthy rich. There’s a fast-spreading attitudinal shift from the right-wing’s long insistence that the rich are to be admired and coddled. Instead, majorities today are reconnecting to the eternal truth that “The love of money is the root of all evil.”Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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Let’s Stop Demonizing DEI, and Start Achieving It
Mar 1900:02:10Tap to summarizeAt last, someone with some common sense in their head, some basic humanity in their heart, and some fundamental democratic values in their soul – is speaking out.Many someones, actually. Indeed, a coalition of dozens of progressive groups representing millions of Americans is uniting in straightforward populist opposition to the far-out right wing’s loopy assault on diversity, equity, and inclusion.Bizarrely, Trump’s menagerie of extremist Republican politicos has been waging a furious war against these basic egalitarian ideals, trying to turn DEI into a partisan bugaboo. That’s goofy and ultimately self-defeating, for they are asking voters to reject their lifelong admiration for these positive social goals. Consider the value of D, E, and I:One, diversity. That’s “us,” the marvelous mix of common people, cultures, and beliefs that gives America vitality and resilience.Two, equity. That’s just another word for “fairness,” so why do they want to demonize that?Three, inclusion. Hello – that’s what “democracy” means – we all belong and our voice matters.Yet, the Trumpians are using brute authoritarianism to try ripping these core democratic values out of the fabric of our society. And, pathetically, many major corporate powers, universities, media outlets, and other institutions that ought to stand against these Orwellian dictates, have pusillanimously capitulated, hoping the GOP’s imperious regime will reward them with financial favors.When institutions fail the people, We the People have to rise up. That’s the momentous rallying cry of some 70 nationwide groups of gutsy democracy fighters organized by Color of Change to stand up for the invaluable Diversity, Equity, and Inclusion that make America… America! To connect, go to ColorOfChange.org.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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Despised Billionaires Seek Refuge in Billionaire Bunker
Mar 1700:02:10Tap to summarizeTrust me when I say that a home on Indian Creek Island is not for you.First of all, you’re not a billionaire. But even a billion bucks wouldn’t buy your way onto this island in Florida’s Biscayne Bay. It’s the exclusive domain of such multi-multi-billionaires as Jeff Bezos, Larry Page, Ivanka Trump… and now Mark Zuckerberg, CEO of Facebook and Instagram.Mark, nicknamed “Zuck,” has just paid $170 million for a piece of this very special speck of turf, including a “cottage” with 9 bedrooms, 11 baths, a gym, a massage room, and a 1,500-gallon aquarium. Also, he built-in his own personal hair salon, plus a library with – get this – a secret passageway. No clue as to whether he reads any books, or just uses the passage to escape.Secondly, you wouldn’t really be happy on Indian Creek Island, because it’s a pretentious fake. This high-value enclave was constructed for low-value hucksters who’ve amassed outrageous fortunes by screwing over masses of workers, competitors, taxpayers, and others. Even the “island” is fake – it’s a man-made landfill built in the Bay so ten very, very rich swells can isolate themselves from us commoners. Also, it’s more of a doomsday compound than a community, with each of the über-rich hunkered down in what’s been dubbed “Billionaire Bunker.”These demigods of gross inequality can buy any piece of paradise, but then they’re so spooked they lock themselves behind $170-million walls, afraid of their own shadows. So, here’s my free advice to Zuck to soothe his plutocratic trepidations: Steal a little less, practice being slightly likable, maybe downsize to only a $70 million mansion… and live more. You’re welcome.Do something!Want to help force billionaires to pay their fair share? Check out Americans for Tax Fairness at americansfortaxfairness.org.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe
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