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
agree costs cutting exist means money
Can we please agree that in the real world, corporations exist for one purpose and one purpose only - to make as much money as possible, which means cutting costs as much as possible?
business mean responsibility
In the early 1970s, Milton Friedman argued that corporations should not be socially responsible because they had no mandate to be; they existed to make money, not to be charitable institutions. But in the economy of the 21st century, corporations cannot be socially responsible, if social responsibility is understood to mean sacrificing profits for the sake of some perceived social good. That's because competition has become so much more intense.
school mean government
When corporations get special handouts from the government, subsidies and tax breaks, it costs you. It means you have to pay more in taxes to make up for these hidden expenses, and government has less money for good schools and roads, Medicare and national defense and everything else you need.
mean coherence obscurity
I mean, you hear the word 'globalization' over and over and over again. Globalization, globalization, globalization. Rarely has a word gone so directly from obscurity to meaninglessness without any intervening period of coherence.
jobs mean creating
Corporations don't create jobs, customers do. So when all the economic gains go to the top, as they're doing now, the vast majority of Americans don't have enough purchasing power to buy the things corporations want to sell - which means businesses stop creating enough jobs.
asking changing designed happy invitation ought ourselves poor question whether
is designed for the working poor and the poor. If we are not happy about the results, then the real question we ought to be asking ourselves is whether we should be changing the rules. Wal-Mart is an invitation to have that debate.
equipment jobs needed upgrade workers
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.
charitable elite form government people private tax
Government subsidies to elite private universities take the form of tax deductions for people who make charitable contributions to them.
politics
If we give up on politics, we're done for. Powerlessness is a self-fulfilling prophesy.
allow bankruptcy burdened companies graduates smoothly
Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.
additional crumbling highways national people putting rebuild sewer thereby work
We need a national infrastructure bank to rebuild our crumbling highways and water and sewer systems, thereby putting additional people back to work.
capacities future people
Our young people - their capacities to think, understand, investigate, and innovate - are America's future.
donald people trump
Average working people need more fresh starts. Big corporations, banks, and Donald Trump need fewer.
advanced advertising allow america direct few nations
America is one of few advanced nations that allow direct advertising of prescription drugs.