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July 27, 2016
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Tag: Robert Reich


‘The Big Short’ and Bernie Sanders’ Plan to Bust Up Wall Street

The movie shows why Bernie Sanders’ plan to break up the biggest banks and reinstate the Glass-Steagall Act (separating investment from commercial banking) is necessary—and why Hillary Clinton’s more modest plan is inadequate.

Posted on Jan 12, 2016 READ MORE


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What to Expect From the U.S. Economy in 2016—Hint: Does the Word ‘Recession’ Ring a Bell?

Economic forecasters exist to make astrologers look good, but this economist will hazard a guess.

Posted on Jan 10, 2016 READ MORE



Robert Reich Is Petitioning the DNC for More Presidential Debates

The former Clinton labor secretary, “one of the most respected independent progressive figures within the Democratic orbit,” is circulating a petition calling for the Democratic National Committee, led by Debbie Wasserman Schultz (pictured), to schedule additional Democratic debates—and during times of the week when Americans are likely to watch.

Posted on Jan 4, 2016 READ MORE



What’s at Stake This Election Year? Ending the Vicious Cycle of Wealth and Power

The United States has succumbed to a vicious cycle in which great wealth translates into political power, which generates even more wealth and even more power.

Posted on Jan 3, 2016 READ MORE



Martin Shkreli Is Just a Brasher, Larger Version of What Others in Finance and Corporate Suites Do

The former hedge-fund manager and pharmaceutical executive may be a rotten apple, but hedge funds and the pharmaceutical industry are two rotten systems that are costing Americans a bundle.

Posted on Dec 22, 2015 READ MORE


VIDEO: Robert Reich Explains How to Deal With Your Conservative Uncle Bob This Holiday Season

In preparation for the holidays, here’s a survival guide for dealing with your right-wing relatives.

Posted on Dec 20, 2015 WATCH & LISTEN



The Revolt of the Anxious Class

The great American middle class has become an anxious class—and it’s in revolt. Most are good, hard-working people, but their world has been slowly coming apart. And they’re scared and fed up.

Posted on Dec 15, 2015 READ MORE



VIDEO: Look Who’s Buying American Democracy

According to an investigation by The New York Times, half of all the money contributed so far to Democratic and Republican presidential candidates—$176 million—has come from just 158 families, along with the companies they own or control. Who are these people?

Posted on Dec 8, 2015 READ MORE



What to Do About Disloyal Corporations

If Pfizer or other American corporations want to leave the country to avoid U.S. taxes, that’s their business. But they should no longer get any of the benefits of American citizenship—because they’ve stopped paying for them.

Posted on Dec 7, 2015 READ MORE



Paul Ryan’s 7 Terrible Ideas (VIDEO)

These seven ideas for “a complete alternative to the left’s agenda” would harm most Americans. Speaker of the House Ryan is wrong.

Posted on Dec 5, 2015 READ MORE



Why the Sharing Economy Is Harming Workers—and What Must Be Done

In this holiday season, it’s especially appropriate to acknowledge how many Americans don’t have steady work.

Posted on Nov 29, 2015 READ MORE



Five Prerequisites for War Against Islamic State

No sane person welcomes war. Yet if we do go to war against Islamic State we must keep a watchful eye on five things.

Posted on Nov 24, 2015 READ MORE



Carl Glover (CC BY 2.0)

How Did Our Presidential Election Process Become a Circus?

We’re going to need an especially wise and able leader in the coming years, yet our process for choosing that person is a circus, and several leading candidates are clowns.

Posted on Nov 18, 2015 READ MORE



What I Learned During My Time in the Red States

I’ve just returned from three weeks in the Red States. It was ostensibly a book tour, but I wanted to talk with conservatives and tea partyers.

Posted on Nov 10, 2015 READ MORE



A Republican Explains How His Party Descended Into Insanity and Chaos

The other night I phoned a former GOP congressmen with whom I’d worked on legislation in the ’90s. I wanted his take on something: Are the presidential hopefuls really as weird as they seem?

Posted on Nov 8, 2015 READ MORE



How Big Corporations and Wall Street Banks Rig the American Market

The national debate about widening inequality ignores the upward redistributions, going on every day, from the rest of us to the rich.

Posted on Nov 2, 2015 READ MORE



Among the Current Crop of Presidential Candidates, Who Exhibits Leadership and Who Doesn’t?

America is the only democracy in the world where anyone can declare himself or herself a candidate for the presidency—which makes it all the more important that we distinguish leaders from demagogues.

Posted on Oct 26, 2015 READ MORE



VIDEO: Here’s the Truth Behind the 4 Biggest Lies About Immigrants

Donald Trump has opened the floodgates to lies about immigration.

Posted on Oct 21, 2015 READ MORE



Why Raising the Minimum Wage to $15 an Hour, Even If It Risks Job Loss, Is the Right Thing to Do

Have you noticed how often conservatives who disagree with a policy proposal call it a “job killer”? Yet maybe some jobs are worth risking if a strong moral case can be made—and on this issue, as with many others historically, it can.

Posted on Oct 19, 2015 READ MORE



Austerity 101: The Three Reasons Republican Deficit Hawks Are Wrong (VIDEO)

Keep these three principles in mind and you won’t be fooled by scare tactics of the deficit hawks. And you’ll understand why we have to raise the debt ceiling, end the sequester, put more people to work, and increase rather than decrease spending on vital public investments like education and infrastructure.

Posted on Oct 16, 2015 READ MORE



Where Do Hillary Clinton and Bernie Sanders Really Stand on Economic Reform?

Giant Wall Street banks continue to threaten the wellbeing of millions of Americans, but what to do?

Posted on Oct 9, 2015 READ MORE



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 WATCH & LISTEN



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


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