Posted inOp-Ed

Robert Reich: Profiteering off the Pandemic

August 14, 2020 – 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. Facebook’s Mark Zuckerberg’s wealth has ballooned 59 percent. Amazon’s Jeff Bezos’s, 39 percent. Walmart’s Walton family has added $25 billion. Big drug company CEOs and their major investors […]

Posted inOp-Ed

Robert Reich: The Real Choice: Social Control or Social Investment (VIDEO)

July 22, 2020 – Some societies center on social control, others on social investment. Social-control societies put substantial resources into police, prisons, surveillance, immigration enforcement, and the military. Their purpose is to utilize fear, punishment, and violence to divide people and keep the status quo in place — perpetuating the systemic oppression of Black and […]

Posted inOp-Ed

Robert Reich: When Bosses Shared the Profits

July 14, 2020 – After the bruising crises we’re now going through, it would be wonderful if we could somehow emerge a fairer nation. One possibility is to revive an old idea: sharing the profits. The original idea for businesses to share profits with workers emerged from the tumultuous period when America shifted from farm […]

Posted inOp-Ed

Robert Reich: How CEOs Are Ruining America (VIDEO)

April 8, 2020 – Today, America’s wealthiest business moguls – like Jamie Dimon, head of JPMorgan Chase – claim that they are “patriots before CEOs” because they employ large numbers of workers or engage in corporate philanthropy. Rubbish. CEOs are in business to make a profit and maximize their share prices, not to serve America. And […]