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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Milton Friedman, 50 Years Ago Today
A half-century ago, the economist Milton Friedman wrote an article in the New York Times Magazine that got a lot of attention. He argued that CEOs should not try to be socially responsible. Their sole obligation was to maximize shareholder returns.
Citizen Musk
The problem isn’t only that Elon Musk has a net worth of about $100 billion. It’s that he’s made this money while treating his workers so badly. His wealth quadrupled while Tesla forced workers to take a 10% pay cut.
Labor Day 2020: The Power Shift
American capitalism is off the rails.
How Big Money Corrupts Our Politics
It’s difficult to do anything – increase the minimum wage, reverse climate change, get Medicare for All, end police killings, fight systemic racism, shrink our bloated military – when big money controls our politics.
Trump’s 40 Biggest Broken Promises
Nearly 4 years in, here’s an updated list of Trump’s 40 biggest broken promises.
Profiteering Off The Pandemic
Since the start of the pandemic, American billionaires have been cleaning up. As more than 50 million Americans filed for unemployment insurance, billionaires became $637 billion richer.
Trump’s Dangerous Lies About The Covid Economy
The Commerce Department reported the U.S. economy contracted between April and June at the fastest pace in nearly three-quarters of a century, which is as long as economists have been keeping track. The drop wiped out five years of economic growth.
The Real Choice: Social Control Or Social Investment
The more societies spend on social controls, the less they have left for social investment. More police means fewer social services. American taxpayers spend $107.5 billion more on police than on public housing.
When Bosses Shared The Profits
It’s impossible to predict what kind of America will emerge from the crises we’re now experiencing, but the four-decade trend toward higher profits and lower wages is unsustainable, economically, and politically.
Trump Rushed To Reopen America. Now Covid Is Closing In On Him
Trump said the economy is “roaring back.” But just over half of working-age Americans have jobs now, the lowest ratio in over 70 years. What’s roaring back is Covid-19. Until it’s tamed, the economy doesn’t stand a chance.
Trump’s Presidency Is Over
By having no constructive response to any of the monumental crises now convulsing America, Trump has abdicated his office.
Trump’s 4-Step Plan For Reopening The Economy Will Be Lethal
Donald Trump is getting nervous. Internal polls show him losing in November unless the economy comes roaring back. To reopen without adequate testing and tracing – far more than now underway – will cause even more deaths and a longer economic crisis.
The Covid-19 Class Divide
The pandemic is putting America’s deepening class divide into stark relief. Four classes are emerging, The Remotes, The Essentials, The Unpaid and The Forgotten.
The Solutions To The Climate Crisis No One Is Talking About
Wealth is concentrated in the hands of a few while the majority of Americans struggle to get by. The climate crisis is worsening inequality, as those who are most economically vulnerable bear the brunt of weather related disasters.
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.
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