Robert Reich
Robert Reich
Robert Bernard Reichis an American political commentator, professor, and author. He served in the administrations of Presidents Gerald Ford and Jimmy Carter and was Secretary of Labor under President Bill Clinton from 1993 to 1997...
NationalityAmerican
ProfessionEconomist
Date of Birth24 June 1946
CountryUnited States of America
buys money
Money buys the most experienced teachers, less-crowded classrooms, high-quality teaching materials, and after-school programs.
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Those at the top would do better with a smaller share of a booming economy that elicits a positive politics than they will do with an ever-larger share of an anemic economy that fuels the politics of anger.
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America is one of few advanced nations that allow direct advertising of prescription drugs.
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Average working people need more fresh starts. Big corporations, banks, and Donald Trump need fewer.
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Our young people - their capacities to think, understand, investigate, and innovate - are America's future.
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We need a national infrastructure bank to rebuild our crumbling highways and water and sewer systems, thereby putting additional people back to work.
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Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.
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If we give up on politics, we're done for. Powerlessness is a self-fulfilling prophesy.
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Government subsidies to elite private universities take the form of tax deductions for people who make charitable contributions to them.
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As digital equipment replaces the jobs of routine workers and lower-level professionals, technicians are needed to install, monitor, repair, test, and upgrade all the equipment.
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Yes, the rich will find ways to avoid paying more taxes, courtesy of clever accountants and tax attorneys. But this has always been the case, regardless of where the tax rate is set.
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As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big.
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Patagonia, a large apparel manufacturer based in Ventura, California, has organized itself as a 'B-corporation.' That's a for-profit company whose articles of incorporation require it to take into account the interests of workers, the community, and the environment, as well as shareholders.
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If we want corporations to act differently, we have to force them to do so through laws that are fully enforced and through penalties higher than the economic benefits of thwarting the laws.