Tag Archive for Capitalism

Socialism for the Rich, Capitalism for the Rest

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By Robert Reich – “We renew our resolve that America will never be a socialist country,” Donald Trump said recently. 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. In the conservative mind, socialism means getting something for doing…

Oliver Stone Warns Against Surveillance Capitalism and ‘Pokémon Go’

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EDITORS NOTE – I knew there was something fishy about this Pokemon game. – By Jordan Riefe – Controversy and Oliver Stone have never been strange bedfellows. He courted it with movies like “JFK,” “Nixon” and “Natural Born Killers,” and last week, he made headlines in the unlikely milieu of Comic-Con, where he spoke about…

The U.S. Could Learn From Vietnam’s ‘One For All’ Not ‘All For One’ Philosophy

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Jim Rhodes – Income inequality, raising the minimum wage, an unfair tax structure, gender based wages, corporate outsourcing to avoid taxes and adequately compensating workers has provided Bernie Sanders with issues that resonate with the working poor, students, veterans, and a cross section of Americans excluded by the corporate elite that now control Washington. Mainstream…

Why College Is Necessary But Gets You Nowhere

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By Robert Reich – This is the time of year when high school seniors apply to college, and when I get lots of mail about whether college is worth the cost. The answer is unequivocally yes, but with one big qualification. I’ll come to the qualification in a moment but first the financial case for…

And Now the Richest .01 Percent

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By Robert Reich – The richest Americans hold more of the nation’s wealth than they have in almost a century. What do they spend it on? As you might expect, personal jets, giant yachts, works of art, and luxury penthouses. And also on politics. In fact, their political spending has been growing faster than their…

The Choice of the Century

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By Robert Reich – The President blames himself for the Democrat’s big losses Election Day. “We have not been successful in going out there and letting people know what it is that we’re trying to do and why this is the right direction,” he said Sunday. In other words, he didn’t sufficiently tout the Administration’s…

Government Spends More Per Pupil at Private Universities than Public Schools?

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By Robert Reich – Imagine a system of college education supported by high and growing government spending on elite private universities that mainly educate children of the wealthy and upper-middle class, and low and declining government spending on public universities that educate large numbers of children from the working class and the poor. You can…

Why the Economy is Still Failing Most Americans

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By Robert Reich – I was in Seattle, Washington, recently, to congratulate union and community organizers who helped Seattle enact the first $15 per hour minimum wage in the country. Other cities and states should follow Seattle’s example. Contrary to the dire predictions of opponents, the hike won’t cost Seattle jobs. In fact, it will…

Students Head Into Heartland to Help Walmart Workers Organize

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By Robert Reich – I spent several days in New York last week with students from around the country who were preparing to head into the heartland to help organize Walmart workers for better jobs and wages. (Full familial disclosure: My son Adam is one of the leaders.) Almost exactly fifty years ago a similar…

The Practical Choice: Not American Capitalism or ‘Welfare State Socialism’ but an Economy That’s Working for a Few or Many

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By Robert Reich – For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe. American capitalism might be a bit crueler but it generates faster growth and higher living standards overall. Canada’s and Europe’s “welfare-state socialism” is doomed. It was a questionable assumption to begin…

The Powell Memo Formed the Basis of A Call to Arms for Corporations

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Should American Democracy Be Purely About Capitalism? Or Is There Room for Compassion? Editor’s Note – An informed reader and contributor recently reminded me of the Powell Memo or Manifesto, what some credit as the beginning of the hyper activity on the part of American corporations to change the debate in the United States to…