As COVID-19 reshapes our economy, our newsletter will help you unpack the news from the day.
Why investing in coal companies may not help the people living in coal country
Share Now on:
When we subsidize coal companies, does that make it back to the people living in coal country? In her reporting for Quartz, economics writer Gwynn Guilford found that the answer may be a loud, resounding “no.” For her article “The 100-year capitalist experiment that keeps Appalachia poor, sick, and stuck on coal,” Guilford reported on the coal mining region of Central Appalachia, near the Kentucky-West Virginia border. She found that specializing only in coal had left the region without many other economic opportunities.
“You talk to people in Central Appalachia, and they call it a mono-economy. Or a mono-culture,” said Guilford in an interview with Marketplace host Kai Ryssdal. “Verbatim.”
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.