Robert Reich Blog | Talkmarkets | Page 1
Professor, Former US Secretary of Labor
Contributor's Links: RobertReich.org

Chancellor’s Professor of Public Policy at the University of California at Berkeley and Senior Fellow at the Blum Center for Developing Economies, was Secretary of Labor in the Clinton administration. Time Magazine named him one of the ten most effective cabinet secretaries of the ... more

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How To Prepare For The Trump Recession
The global coronavirus pandemic has put our economy in free-fall.
Buying The Presidency
Michael Bloomberg’s net worth is over $60 billion. The yearly return on $60 billion is at least $2 billion – which is what Bloomberg says he’ll pour into buying the highest office in the land.
5 Ways Donald Trump Has Not Drained The Swamp
It seems like forever ago when Donald Trump promised to “Drain the Swamp” if elected president. Here are five ways he’s made the swamp even swampier.
The Sham Of Corporate Social Responsibility
American corporations are sacrificing workers and communities as never before, in order to further boost record profits and unprecedented CEO pay. The only way to make corporations socially responsible is through laws requiring them to be.
America’s Biggest Economic Problem Isn’t China
China isn’t the reason half of America hasn’t had a raise in four decades. The simple fact is Americans cannot thrive within a system run largely by big American corporations, organized to boost their share prices but not boost Americans.
The Gig Is Up
Uber filed its first quarterly report as a publicly traded company. Although it lost $1bn, investors may still do well because the losses appear to be declining.
The Cost Of Trump’s Trade War (And A Better Alternative)
There’s a far better way to protect national security that doesn’t impose such a large regressive tax on Americans and risk a global recession.
The 12 Biggest Myths About Raising Taxes On The Rich
Some politicians are calling for higher taxes on the rich. Naturally, these proposals have unleashed a torrent of opposition – mostly from…the rich. Here are the 12 biggest myths they’re propounding.
Dimon In The Rough
In his annual shareholder letter JPMorgan Chase CEO Jamie Dimon took aim at socialism, warning it produces “stagnation, corruption and often worse.” Dimon should know. He was CEO when JPMorgan received a $25 billion socialist-like bailout in 2008
Socialism For The Rich, Capitalism For The Rest
Trump recently said " America will never be a socialist country." Someone should alert him that America is now a hotbed of socialism. But it’s socialism for the rich. Everyone else is treated to harsh capitalism.
The Myth Of Meritocracy
Americans still cling to the meritocratic notion that people are rewarded according to their efforts and abilities. But meritocracy is becoming a cruel joke. The recent college admissions scandal is a good example but is only the tip of the iceberg.
How Trump Is Killing Capitalism
Corporate greed coupled with inept and corrupt regulators is causing tremendous harm to innocent people. While this trend has started long before Trump, his policies have unambiguously signaled to corporations that they can do as they please.
The Fall Of Davos Man
The annual confab of the captains of global industry, finance, and wealth is underway in Davos, Switzerland at the World Economic Forum.
The Megalomaniac And The Stock Market
All modern economies depend on public confidence that politicians can’t lower interest rates to serve their own purposes – such as getting short-term growth at the expense of long-term inflation and instability.
Watch Your Wallets
The problem with the Fed hiking rates now is that Trump has already stressed the paychecks of most Americans. The rate hike will make matters worse
How To Hold Corporations Accountable
Charles E. Wilson, once CEO of GM, reputedly said that “what was good for our country was good for General Motors, and vice versa.” The idea was that large corporations had a duty to their shareholders, employees, customers, and community.
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