August 2007
6 posts
Not Your Typical Capitalist Sales Pitch (for the...
Okay, I’ll get right to the point. On September 4, my new book, “SUPERCAPITALISM: The Transformation of Business, Democracy, and Everyday Life,” published by Alfred Knopf, is available at bookstores (and on the web). In it you’ll discover why capitalism is triumphing over democracy and what can be done about it. I’d appreciate it if you’d buy it, one for...
Not Your Typical Capitalist Sales Pitch
Not Your Typical Capitalist Sales Pitch from robertreich and Vimeo.
What Happened to Labor Day?
A young person asked me not long ago — only half in jest — whether Labor Day was named in honor of natural childbirth. Most young people today have no memory of a time when Walter Reuther of the UAW and John L. Lewis of the United Mine Workers were household names, when presidents jawboned labor to prevent agreements from causing wage-priceinflation, when productivity gains pushed...
Bush Finally Admits Iraq is like Vietnam
Bush’s comments today to the Veterans of Foreign Wars association in Kansas City – that a rapid US withdrawal from Iraq would cause the same sort of bloodbath our withdrawal from Vietnam caused in 1975 – draws from the long-held belief among radical conservatives that America threw away a chance of victory in Vietnam by pulling out troops too early. For Bush, Cheney, Rumsfeld, and others who lived...
When Caveat Emptor Doesn't Work in China -- or in...
Twenty years ago, we divided the world’s economic systems into two camps. On one side were communist, government-run economies. On the other side, capitalist, free-market economies. Now, Chinese free-market capitalists are going gang-busters. And China’s problem isn’t too much government intrusion into its economy; it’s too little — or at least too little of the right kind. Some...
Bailing out the Speculators
Last night the Federal Reserve Board, acting as America’s central bank, sliced half a percentage point off the discount rate it charges banks for loans. The move was designed to give banks, in turn, more money to lend to their customers. But its primary purpose was to lift the confidence of investors and consumers in the United States and around the world that America’s central bank would do...
