The Dow Jones is hitting record highs, giving the top 5 percent of the U.S. (who hold more than 80 percent of stocks) another huge boost. And although Stephen Colbert doesn’t think the wealth divide is a big deal, former Truthdigger of the Week Robert Reich begs to differ.
Can an overheated market remedy an underachieving democracy? Can the public interest be served by an economic engine in which corporate rivals use government to quash their competitors? These and other questions are the subject of a provocative new book by Robert Reich, labor secretary under President Clinton. Benjamin Barber, author of “Jihad vs. McWorld” and “Consumed,” takes a close look at Reich’s argument.
Sen. Jim Inhofe (R-Okla.), who chairs the Senate Environment and Public Works Committee, said he is reminded of the Third Reich when he observes the tactics of people like Al Gore in their attempts to raise awareness about global warming.