Letter: Free market economy leaves some in lurch
If you are trying to figure out why Pope Francis spoke against “trickle-down economics,” look no further than North Dakota’s booming oil economy.
According to the U.S. Department of Housing and Urban Development, homelessness has skyrocketed in North Dakota.
Let me tell you a story about a friend I know who lives in North Dakota.
Once upon a time, Charlie (not his real name) was an American history teacher. He taught at two colleges in my hometown.
To make a long story short, Charlie moved to North Dakota years ago to care for an aging parent. Six months ago, Charlie’s landlord raised the rent four times higher than what Charlie previously had been paying. When Charlie’s vehicle started falling apart, he discovered the price range for repairs were far beyond his ability to pay, even with his two jobs.
Eventually, Charlie lost his apartment, vehicle and jobs. He now lives in a shelter.
There are Charlies all over America who have been squeezed out of living normal lives because of those who have too much money move in and push out the ones with lesser means.
This is why, in my opinion, the theory of trickle-down economics is a fallacy, causing the middle class and the poor to fall through cracks.
Aside from the misfortunes the Charlies around the world and the one in North Dakota are experiencing, I hope at least their holidays are filled with joy and happiness.
West Dennis, Mass.