Oil extraction is much more capital-intensive than it is labor-intensive — which means it doesn’t produce a lot of lasting jobs. But in the end, it d… - Rachel Maddow
" "Oil extraction is much more capital-intensive than it is labor-intensive — which means it doesn’t produce a lot of lasting jobs. But in the end, it does produce big revenues when it’s sold on the global market. That sets the stage for grand-scale corruption of the political class: people who can maneuver themselves into getting a cut of that sale price of oil will find themselves quickly rich, whether or not they actually expend any effort to pump the stuff out of the ground.
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About Rachel Maddow
Rachel Anne Maddow (born April 1, 1973) s an American television news program host and liberal political commentator.
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Rachel Anne Maddow
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Additional quotes by Rachel Maddow
Here’s the crux of the matter. Oil and gas companies do the kind of risky, capital-intensive work that the average Joe, the average mom-and-pop business, even the average country, doesn’t do for itself. In so doing, they can make a spectacular pile of money, but they can also make a tremendous amount of mess. And ruin. And even catastrophic, polluting apocalypse, when they really put their shoulder into it. But they are also big enough and hold enough sway that even big powerful governments tend to defer to them when it comes to how to best police their behavior.
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Ultimately, Agnew failed to save himself. But he left a scorched-earth battle plan for any corrupt officeholder that followed:
Attack the investigation as a witch hunt. Obstruct it behind the scenes.
Attack individual investigators in personal terms.
Attack the credibility of the Justice Department itself.
Attack the media informing Americans about the case.
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