Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Why investing in coal companies may not help the people living in coal country

Kai Ryssdal and Sean McHenry Jan 11, 2018
HTML EMBED:
COPY

Why investing in coal companies may not help the people living in coal country

Kai Ryssdal and Sean McHenry Jan 11, 2018
HTML EMBED:
COPY

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. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.