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July 29, 2015
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Tag: Robert Reich


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



spDuchamp (CC BY 2.0)

We Need a New Economic Model Because the Current Model Is Falling Apart

The economy toward which we’re hurtling—in which more and more is generated by fewer and fewer people who reap almost all the rewards, leaving the rest of us without enough purchasing power—can’t function.

Posted on Mar 19, 2015 READ MORE



The Only Way to ‘Unrig’ the System Is to Know the Truth About the Economy (Video)

Here’s why myths such as the notion that “job creators” are CEOs, corporations and the rich, whose taxes must be kept low to induce them to create more jobs, are rubbish.

Posted on Mar 16, 2015 READ MORE



Why Aren’t Americans Feeling the U.S. Economy’s Improvements?

The U.S. economy is picking up steam, but most Americans aren’t feeling it. By contrast, most European economies are still in bad shape, but most Europeans are doing relatively well. What’s behind this?

Posted on Mar 9, 2015 READ MORE



Why We’re All Becoming Independent Contractors

The rise of “independent contractors” is the most significant legal trend in the American workforce—contributing directly to low pay, irregular hours and job insecurity.

Posted on Feb 23, 2015 READ MORE



How Trade Deals Boost the Top 1 Percent and Bust the Rest

I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains.

Posted on Feb 17, 2015 READ MORE



Do Workers Truly Get What They’re Worth in the Market?

My recent column about the growth of on-demand jobs like Uber making life less predictable and secure for workers unleashed a small barrage of criticism from some who contend that workers get what they’re worth in the market.

Posted on Feb 10, 2015 READ MORE



We’re Barreling Toward a Robot-Based Economy Where All Profits Go to the Robots’ Owners

How would you like to live in an economy in which robots do everything that can be predictably programmed in advance and almost all profits go to the robots’ owners?

Posted on Feb 3, 2015 READ MORE



What You Need to Know About the Worst Trade Deal You’ve Never Heard Of (Video)

The Trans-Pacific Partnership, now headed to Congress, is a product of big corporations and Wall Street, seeking to circumvent regulations protecting workers, consumers, and the environment.

Posted on Feb 2, 2015 READ MORE



The Middle Class Can’t Be Saved Unless Wall Street Is Tamed

Do we really need reminding about what happened six years ago?

Posted on Jan 27, 2015 READ MORE



Are Conservatives Actually Becoming More Compassionate?

Jeb Bush and Mitt Romney are zeroing in on inequality as America’s fundamental economic problem.

Posted on Jan 19, 2015 READ MORE



Workers Keep Getting Shafted and Wages Won’t Rise; What’s Going On?

Jobs are coming back, but pay isn’t.

Posted on Jan 14, 2015 READ MORE



We Made Progress in 2014, but There’s Far More to Do in 2015 (Video)

We’ve made progress this past year — raising the minimum wage in dozens of states and cities, providing equal marriage rights in a majority of states, limiting carbon emissions.

Posted on Jan 3, 2015 READ MORE



The Failure of Republican Economics

Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side “trickle-down” economics.

Posted on Dec 29, 2014 READ MORE



Why We Can’t Get the Government We Want and Deserve

Some believe the central political issue of our era is the size of the government. They’re wrong.

Posted on Dec 24, 2014 READ MORE



How Inside Traders Are Rigging America and Contributing to the Savage Inequalities of American Life

Major players on Wall Street have been making tons of money not because they’re particularly clever but because they happen to be in the realm where a lot of coins come their way.

Posted on Dec 18, 2014 READ MORE


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