he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.
Denis HayesBuild high-speed, electrified trains over the most-traveled corridors. It'sreally hard to power carbon-free airplanes, but electrified trains are much easier. We'll be a half century behind the Japanese, but better late than never.
Denis HayesEnvironmentally, business in America in 1970 was very similar to business in China today. Even if a CEO wanted to be a responsible corporate citizen, he (and they were all "he's" then) simply couldn't invest a billion dollars in pollution controls to produce a product that was indistinguishable from those of his competitors. His products would be priced out of the market. Passing laws that created a clean, level playing field for whole industries had to be a core focus of the 1970s.
Denis HayesWe shouldn't fuel the future with the polluting methods of the past, ... We have the technology to power our future in ways that don't threaten our health or poison our planet. Let's choose to use it.
Denis Hayesf the government is going to put money into the automobile sector, it should break up GM and Chrysler as a condition of financial aid, and it should be even-handed in its treatment of start-up firms like Tesla, Miles, Fisker, and others. It would be terrible to kill the entrepreneurs who have taken great risks to bring new automotive technologies to market by pumping tax dollars into the behemoths that have done everything wrong for the last years.
Denis Hayes