The Trump Organization’s Bad Business
Along the way, the two men’s tale intersects with most of the big forces and trends of the period. The silver-and-gold-currency controversy, the Bitcoin debate of its day, turns out to be central to the story, as, of course, does the larger question of the imperial conquest of the West. Sedgwick is particularly good on the perceptual and psychological transformations that the railroads wrought. He has revelatory pages on the way that the speed of trains altered the understanding of American space, and on the way that the view from trains—the near distance racing past, the farther distance proceeding in spacious slowness—became a poetic obsession. Equally revelatory is his discussion of the relation between the railroads’ need for straight tracks and the geometrical design of the settlements built near, and shaped by, the tracks.
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But calling it “infrastructure” doesn’t make it sound the way we want it to sound. Although we’ve coined wonderful words in politics (“spin doctor,” “boycott,” and “politically correct” are by now universals, offered as readily in Danish or in French as in English), we have a surprisingly pallid vocabulary for engineering. David McCullough’s books on the Brooklyn Bridge and the Panama Canal, a generation ago, were among the last popular works about the heroism of romantic engineering, and neither, tellingly, ever once used the I-word. Bad Business decisively describes how wood pellet production is neither renewable, carbon neutral, nor cost competitive through a close comparison with truly renewable energy sources like wind and solar. Bad Business Codes is something that thousands of people belonging to various parts of the world search on the internet every month.
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The Trump Organization’s longtime chief financial officer has surrendered to authorities in New York, facing tax-related charges resulting from Manhattan District Attorney Cyrus Vance Jr.’s years-long criminal probe. Hitachi, which has made microprocessors under license from Motorola, is now introducing its own 32-bit microprocessor. Toshiba, which acted as a supplier of copying machines to 3M, is now promoting its own brand name. Singatronics, which for years produced electronic games and pocket calculators for multinationals, is now pushing its own proprietary line of electronic medical instruments. And Daewoo, while still a subcontractor to U.S. companies, now sells its own personal computer. American businesses, operating 865 of these factories, account for most of the production.