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October 9, 2015
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Tag: Robert Reich

Here’s Why the Trans-Pacific Partnership Agreement Is Just Plain Wrong

If you haven’t heard much about the Trans-Pacific Partnership Agreement—aka the “TPP”—that’s part of the problem right there.

Posted on Oct 5, 2015 READ MORE

Why The Washington Post’s Attack on Bernie Sanders Is Bunk

The Washington Post recently ran an attack on Bernie Sanders that distorts not only what he’s saying and seeking but also the basic choices confronting the nation.

Posted on Oct 4, 2015 READ MORE

Donald Trump Proves What’s Wrong With Bankruptcy Laws in America

Bankruptcy was designed so people could start over. But these days, the only ones starting over are big corporations, wealthy moguls and Wall Street bankers, who have had enough political clout to shape bankruptcy laws (like many other laws) to their needs.

Posted on Oct 4, 2015 READ MORE

VIDEO: Why We Must End ‘Upward Pre-Distributions’ to the Rich

You often hear that inequality has widened because globalization and technological change have made most people less competitive while making the best-educated more competitive. But this common explanation overlooks a critically important phenomenon.

Posted on Sep 28, 2015 READ MORE

Big Tech May Be Getting Way Too Big—Here’s Why

In this new Gilded Age, Big Tech—along with Big Pharma, giant health insurance companies, Big Agriculture and the largest banks on Wall Street—is dominating our economy and our politics.

Posted on Sep 27, 2015 READ MORE

Why the Republican Assault on Planned Parenthood Is Morally Wrong and Economically Stupid

It is rife with with lies and distortions, and may even lead to a government shutdown.

Posted on Sep 21, 2015 READ MORE

4 Reasons Why The Wall Street Journal’s Attack on Bernie Sanders Is Totally Bogus

I’ve had so many calls about an article appearing early last week in The Wall Street Journal—contending that Sanders’ proposals would carry a “price tag” of $18 trillion over a 10-year period—that it’s necessary to respond.

Posted on Sep 20, 2015 READ MORE

VIDEO: Why We Must Fight the Attack on Planned Parenthood

On Thursday, right-wing extremists in the U.S. House of Representatives will vote to try to defund Planned Parenthood, one of the nation’s largest providers of women’s health care and family planning services.

Posted on Sep 16, 2015 READ MORE

Our Problems Have Everything to Do With What Occurs in Boardrooms, Not Bedrooms

At a time many Republican presidential candidates and state legislators are furiously focusing on private morality—what people do in their bedrooms, contraception, abortion, gay marriage—America is experiencing a far more significant crisis in public morality.

Posted on Sep 8, 2015 READ MORE

What Happened to the Moral Center of American Capitalism?

An economy depends fundamentally on public morality, some shared standards about what sorts of activities are impermissible because they so fundamentally violate trust that they threaten to undermine the social fabric.

Posted on Sep 7, 2015 READ MORE

Upsurge in Uncertainty About Work Income

As Labor Day looms, more Americans than ever don’t know how much they’ll be earning next week or even tomorrow.

Posted on Aug 27, 2015 READ MORE

Here’s Why the New ‘Family Friendly Work’ Fad Is a Fraud

I’m delighted Netflix and other high-powered firms are offering family-friendly work. But I take most of the news with a grain of silicon, and so should you.

Posted on Aug 17, 2015 READ MORE

VIDEO: What’s the Fed? You Should Care.

By Robert Reich

What the Fed’s about to do will affect your job and your income. Here’s what you can do to make sure the Fed makes the right decision.

Posted on Aug 11, 2015 READ MORE

The Outrageous Ascent of CEO Pay

The Securities and Exchange Commission just ruled that large publicly held corporations must disclose the ratios of their top executives’ pay to the average pay of their workers.

Posted on Aug 10, 2015 READ MORE

Neil Jenkins (CC BY-NC-ND 2.0)

There’s a Revolt Going On in Washington but Political Insiders Just Can’t See It

In very different ways, Donald Trump and Bernie Sanders are agents of a revolt against the ruling class that’s unlikely to end with the 2016 presidential election.

Posted on Aug 3, 2015 READ MORE

Light Brigading (CC BY-NC 2.0)

Here’s the Terrible Mistake Progressives Must Not Make

Of course black lives matter. But it would be a mistake for progressives to split into separate “Black lives matter” and “economic justice” movements.

Posted on Jul 25, 2015 READ MORE

How Goldman Sachs Helped Create the Greek Debt Crisis

The investment bank turned a huge profit by helping to hide the real extent of Greece’s debt, and in the process almost doubled it.

Posted on Jul 17, 2015 READ MORE

Hillary Clinton’s Glass-Steagall

Hillary Clinton won’t propose reinstating a bank breakup law known as the Glass-Steagall Act—at least according to Alan Blinder, an economist who has been advising Clinton’s campaign.

Posted on Jul 14, 2015 READ MORE

Here’s What Obama Should Do Right Away to Disrupt the Military-Industrial-Congressional Complex

President Obama is said to be considering an executive order requiring federal contractors to disclose their political spending. He should sign it immediately. But he should also go further.

Posted on Jul 7, 2015 READ MORE

Will We Allow a Private Health Insurance Monopoly or Implement Single Payer at Last?

The Supreme Court’s recent blessing of Obamacare has precipitated a rush among the nation’s biggest health insurers to consolidate into two or three behemoths.

Posted on Jul 6, 2015 READ MORE

VIDEO: Let’s Talk About the True Meaning of Patriotism This Fourth of July

True patriotism isn’t simply about waving the American flag.

Posted on Jul 4, 2015 READ MORE

VIDEO: A Break for the Middle Class: Overtime

Finally, a bit of good news for hardworking Americans.

Posted on Jul 1, 2015 READ MORE

Joao Vicente / CC BY 2.0

Why We Must Fight Economic Apartheid in the United States

The significance of the U.S. Supreme Court’s decision on housing discrimination was almost lost beneath the wave of responses to its decisions last week upholding the Affordable Care Act and affirming gays’ and lesbians’ right to marry.

Posted on Jun 30, 2015 READ MORE

VIDEO: The Most Important Step to Save the Economy: Get Big Money Out of Politics

Nothing we need to do as a nation is possible unless we limit the political power of the moneyed interests.

Posted on Jun 25, 2015 READ MORE

VIDEO: Why Medicare Isn’t the Problem; It’s the Solution

Again and again in the upcoming election you’ll hear conservatives claim that Medicare — the health insurance program for America’s seniors — is running out of money and must be pared back.

Posted on Jun 24, 2015 READ MORE

VIDEO: Ending Mass Incarceration Now Is Step 10 to Save the Economy

Imprisoning a staggering number of our people is wrong. The way our nation does it is even worse. We must end mass incarceration, now.

Posted on Jun 23, 2015 READ MORE

This Is How We Should Punish Bank Felons

What exactly does it mean for a big Wall Street bank to plead guilty to a serious crime?

Posted on Jun 22, 2015 READ MORE

Why the Trans-Pacific Partnership Is Nearly Dead

How can it be that the largest pending trade deal in history—a deal backed both by a Democratic president and Republican leaders in Congress—is nearly dead?

Posted on Jun 15, 2015 READ MORE

VIDEO: Making Polluters Pay Us Is Step 9 to Saving the Economy

Instead of investing in dirty fuels, let’s start charging polluters for poisoning our skies—and then invest the revenue so that it benefits everyone.

Posted on Jun 11, 2015 READ MORE

The Part of the Dennis Hastert Scandal That No One’s Paying Attention To

Washington has been rocked by the scandal of J. Dennis Hastert, the longest-serving Republican speaker in the history of the U.S. House.

Posted on Jun 9, 2015 READ MORE

VIDEO: Raising the Estate Tax on the Very Rich Is Step 8 to Save the Economy

At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there’s a move among some members of Congress to abolish it altogether.

Posted on Jun 6, 2015 READ MORE

VIDEO: Strengthening Unions and Pre-Empting State ‘Right-to-Work’ Laws Is Step 7 to Save the Economy

One big reason America was far more equal in the 1950s and 1960s than now is that unions were stronger then.

Posted on Jun 3, 2015 READ MORE

Why Federal Disaster Relief Money Poses a Bit of Awkwardness for Texas

As extreme weather marked by tornadoes and flooding continues to sweep across Texas, Gov. Greg Abbott has requested—and President Obama has granted—federal help.

Posted on Jun 2, 2015 READ MORE

VIDEO: Ending Corporate Welfare Now Is Step 6 in Saving the Economy

Corporations aren’t people, despite what the Supreme Court says, and they don’t need or deserve handouts.

Posted on May 28, 2015 READ MORE

Whatever Happened to Antitrust?

Last week’s settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust law.

Posted on May 25, 2015 READ MORE

VIDEO: How to Reinvent Education to Save the Economy

Sen. Bernie Sanders is making waves with a big idea to reinvent education: making public colleges and universities tuition-free. I couldn’t agree more.

Posted on May 23, 2015 READ MORE

Are America’s Small Businesses Finally Realizing That They’re Being Screwed by Big Business?

Some are breaking ranks and telling congressional Republicans not to make the deal at the very top of big businesses’ wish list.

Posted on May 20, 2015 READ MORE

VIDEO: Busting Up Wall Street Is Step 4 in Saving the Economy

When Americans think of how the economic rules are stacked against them, they naturally think of Wall Street, which is back to many of its old tricks. Its lobbyists are now busily rolling back the Dodd-Frank Act—legislation intended to prevent another crash.

Posted on May 19, 2015 READ MORE

VIDEO: Expanding Social Security Is Step 3 in Saving the Economy

You hear a lot about how corporations are struggling to make good on their pension promises, and how Social Security won’t be there for you in retirement. Baloney on both counts.

Posted on May 16, 2015 READ MORE

What Nike, Obama and the Trans-Pacific Partnership Have in Common

Nike may be the perfect example of life under the Trans-Pacific Partnership, but that is not a future many Americans would choose.

Posted on May 13, 2015 READ MORE

VIDEO: Making Work Family-Friendly Is Step Two in Making the Economy Work for the Many

People shouldn’t have to choose between providing for their families and being good parents. Yet “family-friendly” work is still a pipe dream.

Posted on May 12, 2015 READ MORE

Raising the Minimum Wage Is Step One in Making the Economy Work for the Many, Not Only the Few

A basic moral principle that most Americans agree on is no one who works full time should be in poverty, nor should their family.

Posted on May 11, 2015 READ MORE

Mikey Wally (CC BY-NC-ND 2.0)

How the Trans-Pacific Partnership Is Just More Trickle-Down Economics

By now we should know that when big corporations, Wall Street and the wealthy get special goodies, the rest of us get shafted. Yet here comes the Trans-Pacific Partnership.

Posted on May 5, 2015 READ MORE

The Real Reason Inequality Is Widening and Average Working Americans Can’t Gain Ground

For the past quarter-century I’ve offered in articles, books, and lectures an explanation for why average working people in advanced nations like the United States have failed to gain ground and are under increasing economic stress.

Posted on May 4, 2015 READ MORE

The Real Reason So Many Americans Feel So Powerless

I hear it over and over: They don’t care; our voices don’t count. 

Posted on Apr 29, 2015 READ MORE

How the New Flexible Economy Is Making Workers’ Lives Hell

These days it’s not unusual for someone on the way to work to receive a text message from her employer saying she’s not needed right then.

Posted on Apr 21, 2015 READ MORE

Will Hillary Rodham Clinton Deliver on Her Promise to Be a ‘Champion’ for ‘Everyday Americans’?

If Hillary Clinton is to get the mandate she needs to get the United States back on track, she will have to be clear with the American people about what is happening and why—and what must be done. 

Posted on Apr 14, 2015 READ MORE

How Big Money Is Buying Off Criticism of Big Money

Our democracy is directly threatened when the rich buy off politicians.

Posted on Apr 8, 2015 READ MORE

How the Rise of the Working Poor and Nonworking Rich Is Challenging Core American Assumptions

Many believe that poor people deserve to be poor because they’re lazy and that the rich deserve their wealth because they work harder than others. The reality is very different.

Posted on Mar 31, 2015 READ MORE

Here’s Why It’s Time to Give Up the Idea That Everyone Must Go to College

The biggest absurdity is that a college degree has become the only gateway into the American middle class when not every young person is suited to four years of college. This has to stop.

Posted on Mar 23, 2015 READ MORE

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