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
benefits families money pockets spending
Not only do unemployment benefits help families who are hurting; they also put money into their pockets that they'll then spend - and their spending will keep other Americans in jobs.
benefits enforced force fully higher penalties
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.
businesses former help ideally massive near people permanent program provide
We're going to have to have a massive program to get these people permanent housing, ideally near or in their former communities, to get them jobs, to help restart businesses and to provide transportation,
business directing ended government grew majority party rather shared street vast wall
The Tea Party grew out of indignation over the Wall Street bailout - an indignation shared by the vast majority of Americans. But the Tea Party ended up directing its ire at government rather than at big business and Wall Street.
best interests money
The monied interests are doing what they do best - making money. The rest of us need to do what we can do best - use our voices, our vigor, and our votes.
becoming less nations relevant
Nations are becoming less relevant in a world where everyone and everything is interconnected. The connections that matter most are again becoming more personal.
abandoned began companies corporate deliver higher mounting raiders returns
In the 1980s, corporate raiders began mounting unfriendly takeovers of companies that could deliver higher returns to their shareholders - if they abandoned their other stakeholders.
bargain basic buy decades employers might paid
During three decades from 1947 to 1977, the nation implemented what might be called a basic bargain with American workers. Employers paid them enough to buy what they produced.
paid relationship society work
What someone is paid has little or no relationship to what their work is worth to society.
replaced sit watch
We don't have to sit by and watch our meritocracy be replaced by a permanent aristocracy, and our democracy be undermined by dynastic wealth.
public
Public employees should have the right to bargain for better wages and working conditions, just like all employees do.
Increasingly, corporate nationality is whatever a corporation decides it is.
work
In reality, most of America's poor work hard, often in two or more jobs.
avoid bad bets consequences easily losses lots money people
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.